Real Estate 'Hot Spots'

[Bushman]

Now I know there will be some 'savvy' property investors on this forum.

So what regions of Australia do people see as the future property 'hot spots'?

My tip for ressie is Hervey Bay for the 'golden oldies' market and Coburg in Melbourne where our State government is starting a new inner city hub.

All those 'sea change' locations could also be throwing up some bargains as the end of the bull forces formerly indebted high flyers to sell the holiday home.

[robots]

hello,

spot on about Coburg bushman, i think 10-12km from melbourne, still possible for a variety of houses around 400-500k,

jump onboard

thankyou
robots

[gfresh]

Footscray, and inner West of Melbourne.

Palm Beach, Goldcoast. Needs some more development, and to get rid of some of the scum, but in 10 years will catch up some of the more expensive areas.

[2BAD4U]

North of Perth such as Two Rocks and Yanchep. The city can't sustain the expansion south and with a reluctance to spread east then the only other option is north along the coast line. Especially if the planned satellite city goes ahead.

[Bushman]

North of Perth such as Two Rocks and Yanchep. The city can't sustain the expansion south and with a reluctance to spread east then the only other option is north along the coast line. Especially if the planned satellite city goes ahead.

You mean Alkimos-Eglington whan you refer to the satellite city?

Land banking is fully funded for that district - owned by Landcorp, Peet and a family company.

23,000 dwellings over 25 years with infrastructure to boot.

It will be a hotspot once stability returns to the Perth market.

[2BAD4U]

It will be a hotspot once stability returns to the Perth market.
Personally I think it has or very close. The number of listings in 2008 has increased from 13,395 to 17,272 in the Sep QTR. Average selling days has increased from 36 days in Sep 06 to 79 days in the Sep 08 QTR. The median rent has remained unchanged at $350 / wk for all of 2008 and the median house price has fallen from $472k to $445k.

With prices coming back and rent remaining steady, another interest rate cut and the changes to the first home owners grant might be just enough to start the ball rolling (slowly).

REIWA Data here (http://reiwa.com/research/listings-rental-trends.cfm)

[brydz]

If you are looking for a place to rent or renovate you should look into houses in Maryborough and surrounding towns such as Avoca and Carisbrook.

This is right in the middle of the goldfields. Great places to live, especially if you are after that country tree change.

The market is really affordable. For an investment property it makes sense to buy a house worth $100-300K instead of spending massive amounts in the city.

The town itself is not very high on the economic status ladder, but there is still demand. The town is booming at the moment with the influx of new companies, such as Kmart and Coles supermarket that are starting to be built. It is a nice sized town in a central location with almost anything you could need.

[Property Dude]

Bank nominates its real estate 'hot spots'

By Online business reporter Michael Janda

Areas with older houses around a dozen kilometres from major city CBDs have dominated a list of 'property hot spots'.

The report nominated Granville in western Sydney, Chadstone in Melbourne's south-east, Keperra in north-west Brisbane, Brassendean in Perth and Thebarton in Adelaide as "standout" suburbs.

The list was put together by property analysts RP Data and commissioned by St George Bank.

The authors say they looked at various location attributes, the price of housing, the level of amenities in the suburb and the demographic mix when determining the list of suburbs they thought would perform best in terms of price growth over the medium to long-term.

More: http://www.abc.net.au/news/stories/2009/09/16/2688029.htm

Anyone care to nominate their own personal "Hot Spots"?

[Ladyhawk]

i agree with the inner-west melbourne suburbs...i also think towns/cities an hour away from melbourne will boom, like ballarat and geelong.

[MelbKate]

i agree with the inner-west melbourne suburbs...i also think towns/cities an hour away from melbourne will boom, like ballarat and geelong.

Spot on Ladyhawk, and with the new rail line going in, anything around the new train stations in the Werribee and Ocean Grove areas would be a good buy now, before the hype after the stations are finished within the next year or two.

**********************************
I DIY manage with Rentwise.

[kristinthomas21]

The market is really cheap. For an investment property, it makes sense to buy a home worth 100-300K instead of spending huge sums in the city. The city itself is not very high on the scale of the economic situation, but there is still demand. The city is booming right now with the influx of new companies such as Kmart and Coles supermarkets began to be built.

[jayarr]

he suburbs set to become Australia’s next property goldmines for buyers and investors have been revealed by new research.There are 24 suburbs across the country that represent the best value for property purchases and the most potential for price gains, according to research commissioned by St George Bank.

[Investa]

Gladstone is the pick of everywhere that i have studied. I am going up there to buy if i can.

30,000 people currently reside in the area and 21,000 jobs have been created in the 5 years...

It is going to be bigger than Newscastle for Industry and is on the water in Central/North Qld...

Not sure if i would want to live there but definitely invest there.

Found a site with that info http://www.investmenthotspots.com.au - Its free from what i can see...

Investa

[Bronwyn]

I am looking in the western suburbs of Sydney. There has already been solid growth but I think there is plenty more left to go.

[francinemelbour]

I refer Melbourne spot,there are a lot of properties there about $420,000.Nice house at the same time good price.The price is worth it if you will see the property.;)

[baigarman36]

i agree with the inner-west melbourne suburbs...i also think towns/cities an hour away from melbourne will boom, like ballarat and geelong.

[bossbaig007]

Property research company, Australian Property Monitors (APM) have released a report stating where they believe the real estate hotspots will be in 2010.

Both Brisbane and Perth are listed as the best cities to achieve “bang for ones buck”, and for new buyers there’s still some areas in Melbourne to be rewarded and even in Sydney, where prices can still be below 2007 levels.

[Yamba Dave]

I was working in Real Estate in Brisbane and researched sea change hotspots for over 12 months before making the decision to move to the Clarence Valley nearly 4 years ago. Here's a few reasons for my decision. . .


There is a land shortage in Yamba because it is surrounded by National Parks, the Clarence River and the Pacific Ocean and scarcity is a great driver of real estate prices.
Median prices are well below nearby more famous areas like Byron Bay and Lennox Heads.
The nearly completed Ballina Bypass will open up the area to the huge SE Qld markets.
Large numbers of Baby Boomers are starting to retire and are looking for cheaper sea change locations.
Big business has recognised what lies ahead for the area and is already investing. There's the new business park, the expansion of the main shopping centre, redevelopment of the Yamba Shores Tavern and Pacific Hotel and McDonalds have recently moved in.
Of course the best reason is the natural beauty of Yamba and the rest of the Clarence Valley and the fabulous climate which make for an ideal, relaxed lifestyle.


If you would like to know more about this great area click below. . .
Yamba property update (http://www.homebuyersadvantage.com.au/documents/blog.php?entry_id=1296096693&title=yamba-property-update)
Yamba Pics (http://www.homebuyersadvantage.com.au/documents/blog.php?entry_id=1292392548&title=yamba-in-northern-nsw%21)
Far North Coast median prices (http://www.homebuyersadvantage.com.au/documents/blog.php?entry_id=1287963076&title=you-don%26%23039%3Bt-have-to-win-lotto-to-buy-a-seachange-property-here%21)
Cheers
Dave

[bemetoday]

i agree with the inner-west melbourne suburbs...i also think towns/cities an hour away from melbourne will boom, like ballarat and geelong.

I also agree with this one. This is what I think also to boom i this industry.

[Krish]

I also agree with the 2 above posts, reason being:

Melbourne metro is very unaffordable and owner occupiers and investors are already looking at regional centres for better fields and cashflow. Geelong is already too expensive, Ballarat is still very affordable and so is Bendigo, however its 160km from melb...

State governments just approved the $5bn regional rail link which will increase accessibility into Ballarat. The federal government has also approved funding for the $55M cancer centre which will generate additional professional employment.

With amazing leafy streetscapes and excellent accessibility into Melbourne, Ballarat is definitely an area set to boom.

[GlobalHomeSolution]

If you are looking for a place to rent or renovate you should look into houses in Maryborough and surrounding towns such as Avoca and Carisbrook.

This is right in the middle of the goldfields. Great places to live, especially if you are after that country tree change.

The market is really affordable. For an investment property it makes sense to buy a house worth $100-300K instead of spending massive amounts in the city.

The town itself is not very high on the economic status ladder, but there is still demand. The town is booming at the moment with the influx of new companies, such as Kmart and Coles supermarket that are starting to be built. It is a nice sized town in a central location with almost anything you could need.

I'll second that!

[Charlotte Wilson]

I prefer the spot in Canberra and I think that Canberra is an excellent location for investment

[homeaddressed]

Hi,

St George aka Bank of Melb, note that Travencore in Melbourne's inner west is a goer. Google the report and have a read, very interesting. Lots of activity in the area, close to CBD loads of infrastructure and ticks all the boxes. Lots of apartments going up.

cheers
HA