Choosing the right suburb can make all the difference in your investment’s potential. Discover some of the biggest hotspots in Australia right now.

You know the first rule of property investing – ‘location, location, location’. It’s no wonder investors go out of their way to get their hands on the hottest suburbs they can afford.

Wealth for Life locations
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But finding the right area to invest in is no easy feat. There are all sorts of factors you have to take into account. These include big picture stuff that affects the whole market, as well as details unique to a particular suburb.

It’s safe to say that the macro trends haven’t been encouraging in the past couple of years. Many investors might have been frightened off by falling property prices in Sydney and Melbourne.

The good news is that those markets don’t paint the whole picture. There are still many areas where you can achieve great success as an investor. 

Better yet, even the weakest markets are slowly picking up. Over the past few months, there have been many changes making it easier for investors to enter the market. As a result, market activity is strengthening again.

So, where should you begin or continue your investment journey? Here are some suburbs that look all set for growth:

1. Ashfield

Let’s start with the market many people still fear the most. For the last couple of years, Sydney has been the worst choice you could possibly make. But things are changing rapidly. An increasing number of suburbs are becoming hot again. 

Ashfield is the perfect example. Only 8km from the CBD, it offers many opportunities for buyers and renters who want to be close to the crowd. People looking for job opportunities will gravitate towards it, which means that properties will be in high demand.

As a result, property in Ashfield takes an average of 8.4 years to double in value. This is shorter than the Australian average, which sits at around 10 years.

Wealth for Life location factors
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All of the above factors make Ashfield a suburb to keep an eye on. Investors willing to ignore Sydney’s ‘doom and gloom’ reputation can expect great success if they choose the right property.

2. Hobart

While other markets have been experiencing a downturn, Tasmania is thriving. Its main suburbs have consistently shown some serious growth, drawing many investors. Among the many suburbs on the rise, Hobart stands out as one of the top performers.

For one thing, Hobart deserves attention for its low dwelling prices. Sitting at an average of around $382,000, prices are much lower than the national average. We’re not even talking about markets like Sydney or Melbourne, which go from $800,000 to over a million.

Aside from this, rental market conditions rose by 5.8% in 2018 and unit sales jumped by 19.6%. Better yet, the vacancy rate sits at only 2%, meaning that you should have no issues finding good tenants.

In addition to all of this, Hobart properties are looking at significant value growth. By mid-2020, the projected cumulative growth is around 9%, with the value of properties going up to $420,000 on average.

It goes without saying that Hobart has a lot of potential. If you’ve been on the lookout for a hot opportunity, you should definitely consider it.

3. Wollongong

Wollongong had an amazing 2018. Like the other areas on our list, it has seen incredible growth in the face of falling markets. It had a compound annual growth of 7.6%, which many other areas have yet to match.

Wealth for Life the future
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The astronomical prices in Sydney have made it even more attractive. Nearly 1,100 Sydneysiders move to Wollongong every week. 

In addition, Wollongong has very strong education and tourism sectors that drive its thriving economy. Many people decide to move to Wollongong for these reasons – especially for education. It helps keep vacancy rates low, ensuring great opportunities for finding reliable renters.

Wollongong suburbs that are worthy of your attention include:

  • Fairy Meadow
  • Wollongong CBD
  • North Wollongong
  • Keiraville
  • West Wollongong

All of these suburbs enjoy the benefits of the area’s strong economy. In addition, the free local bus loop covers them all, which is perfect for university students.

4. North Brisbane

Brisbane has been the go-to place for people who want to escape Sydney prices. This is also true of investors, who saw very few opportunities in Sydney and Melbourne over the past couple of years. Brisbane’s popularity will likely continue through the near future.

First of all, the outer ring suburbs have grown by 2.9% over the past year. While it’s not comparable to the Wollongong’s growth, it’s still enough to ensure a bright future. North Brisbane represents this trend perfectly.

Houses here are more affordable than in most other areas of Brisbane, which are still cheaper than many other markets. Vacancy rates are low and rental yields are quite high.

The suburbs in North Brisbane that stand out the most include Kurwongbah and Chermside. In late 2017/2018, Kurwongbah experienced an incredible growth of 21%. As for Chermside, the 5% rental yield makes it highly attractive to investors. Good public transportation and local amenities only add to this.

5. Melbourne 

Even some of the scariest markets are seeing growth right now. If you take a closer look at some of Melbourne’s hottest suburbs, you’ll see why many investors are optimistic.

Take Fitzroy as an example. One-bedroom apartments go for $451.000 on average, while units stand at $753,000. An average property gets 859 visits, which is much higher than the national average. This shows that the demand is definitely there, resulting in high rental yields. Here’s a breakdown of average weekly rental prices:

Wealth for Life Melbourne
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  • One-bedroom unit – $450
  • Two-bedroom unit – $645
  • Three-bedroom unit – $810

According to REIV, Dandenong, Kew, and Brunswick East had the biggest growth in 2018. Median prices went up by 22.1%, 19.3%, and 12.9% respectively.

Wantirna is another suburb to keep an eye on. Just ask James and his family, who decided to invest in the suburb. After sorting out their loan repayment issues and lowering the interest rate, they started looking for an opportunity.

Wantirna offered everything they needed, including affordability and high capital growth.

Overall, there are many Melbourne suburbs investors should take a look at. So stop fearing the market and dig a bit deeper to find opportunities.

Look Beyond the Mainstream

The future of the Australian property market is shaping up to be very bright. Market activity is picking up and investors are seeing more and more profitable areas. 

As you can see here, there are many suburbs that can ensure great yields to those who choose the right property. And this is just scratching the surface when it comes to great investment opportunities.

It’s time to stop being negative about property investing and start looking for that ideal property. If you know where to look, there’s no doubt that you can amass great wealth through property investment. The downturn is over in many markets, and all it takes is choosing the one that fits your needs the best.

If you need more help finding your next investment, contact us and our team will point you in the right direction.

Choosing the right suburb can make all the difference in your investment’s potential. Discover some of the biggest hotspots in Australia right now.

You know the first rule of property investing – ‘location, location, location’. It’s no wonder investors go out of their way to get their hands on the hottest suburbs they can afford.

Wealth for Life locations
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

But finding the right area to invest in is no easy feat. There are all sorts of factors you have to take into account. These include big picture stuff that affects the whole market, as well as details unique to a particular suburb.

It’s safe to say that the macro trends haven’t been encouraging in the past couple of years. Many investors might have been frightened off by falling property prices in Sydney and Melbourne.

The good news is that those markets don’t paint the whole picture. There are still many areas where you can achieve great success as an investor. 

Better yet, even the weakest markets are slowly picking up. Over the past few months, there have been many changes making it easier for investors to enter the market. As a result, market activity is strengthening again.

So, where should you begin or continue your investment journey? Here are some suburbs that look all set for growth:

1. Ashfield

Let’s start with the market many people still fear the most. For the last couple of years, Sydney has been the worst choice you could possibly make. But things are changing rapidly. An increasing number of suburbs are becoming hot again. 

Ashfield is the perfect example. Only 8km from the CBD, it offers many opportunities for buyers and renters who want to be close to the crowd. People looking for job opportunities will gravitate towards it, which means that properties will be in high demand.

As a result, property in Ashfield takes an average of 8.4 years to double in value. This is shorter than the Australian average, which sits at around 10 years.

Wealth for Life location factors
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

All of the above factors make Ashfield a suburb to keep an eye on. Investors willing to ignore Sydney’s ‘doom and gloom’ reputation can expect great success if they choose the right property.

2. Hobart

While other markets have been experiencing a downturn, Tasmania is thriving. Its main suburbs have consistently shown some serious growth, drawing many investors. Among the many suburbs on the rise, Hobart stands out as one of the top performers.

For one thing, Hobart deserves attention for its low dwelling prices. Sitting at an average of around $382,000, prices are much lower than the national average. We’re not even talking about markets like Sydney or Melbourne, which go from $800,000 to over a million.

Aside from this, rental market conditions rose by 5.8% in 2018 and unit sales jumped by 19.6%. Better yet, the vacancy rate sits at only 2%, meaning that you should have no issues finding good tenants.

In addition to all of this, Hobart properties are looking at significant value growth. By mid-2020, the projected cumulative growth is around 9%, with the value of properties going up to $420,000 on average.

It goes without saying that Hobart has a lot of potential. If you’ve been on the lookout for a hot opportunity, you should definitely consider it.

3. Wollongong

Wollongong had an amazing 2018. Like the other areas on our list, it has seen incredible growth in the face of falling markets. It had a compound annual growth of 7.6%, which many other areas have yet to match.

Wealth for Life the future
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

The astronomical prices in Sydney have made it even more attractive. Nearly 1,100 Sydneysiders move to Wollongong every week. 

In addition, Wollongong has very strong education and tourism sectors that drive its thriving economy. Many people decide to move to Wollongong for these reasons – especially for education. It helps keep vacancy rates low, ensuring great opportunities for finding reliable renters.

Wollongong suburbs that are worthy of your attention include:

  • Fairy Meadow
  • Wollongong CBD
  • North Wollongong
  • Keiraville
  • West Wollongong

All of these suburbs enjoy the benefits of the area’s strong economy. In addition, the free local bus loop covers them all, which is perfect for university students.

4. North Brisbane

Brisbane has been the go-to place for people who want to escape Sydney prices. This is also true of investors, who saw very few opportunities in Sydney and Melbourne over the past couple of years. Brisbane’s popularity will likely continue through the near future.

First of all, the outer ring suburbs have grown by 2.9% over the past year. While it’s not comparable to the Wollongong’s growth, it’s still enough to ensure a bright future. North Brisbane represents this trend perfectly.

Houses here are more affordable than in most other areas of Brisbane, which are still cheaper than many other markets. Vacancy rates are low and rental yields are quite high.

The suburbs in North Brisbane that stand out the most include Kurwongbah and Chermside. In late 2017/2018, Kurwongbah experienced an incredible growth of 21%. As for Chermside, the 5% rental yield makes it highly attractive to investors. Good public transportation and local amenities only add to this.

5. Melbourne 

Even some of the scariest markets are seeing growth right now. If you take a closer look at some of Melbourne’s hottest suburbs, you’ll see why many investors are optimistic.

Take Fitzroy as an example. One-bedroom apartments go for $451.000 on average, while units stand at $753,000. An average property gets 859 visits, which is much higher than the national average. This shows that the demand is definitely there, resulting in high rental yields. Here’s a breakdown of average weekly rental prices:

Wealth for Life Melbourne
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  • Gmail
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  • Facebook
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  • One-bedroom unit – $450
  • Two-bedroom unit – $645
  • Three-bedroom unit – $810

According to REIV, Dandenong, Kew, and Brunswick East had the biggest growth in 2018. Median prices went up by 22.1%, 19.3%, and 12.9% respectively.

Wantirna is another suburb to keep an eye on. Just ask James and his family, who decided to invest in the suburb. After sorting out their loan repayment issues and lowering the interest rate, they started looking for an opportunity.

Wantirna offered everything they needed, including affordability and high capital growth.

Overall, there are many Melbourne suburbs investors should take a look at. So stop fearing the market and dig a bit deeper to find opportunities.

Look Beyond the Mainstream

The future of the Australian property market is shaping up to be very bright. Market activity is picking up and investors are seeing more and more profitable areas. 

As you can see here, there are many suburbs that can ensure great yields to those who choose the right property. And this is just scratching the surface when it comes to great investment opportunities.

It’s time to stop being negative about property investing and start looking for that ideal property. If you know where to look, there’s no doubt that you can amass great wealth through property investment. The downturn is over in many markets, and all it takes is choosing the one that fits your needs the best.

If you need more help finding your next investment, contact us and our team will point you in the right direction.

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