- 1 Oct, 2015

Property Hotspots in Australia for October 2015

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The most popular areas to live in Australia are either situated near the beach or the bush, say real estate experts. Another consideration for many home buyers, is affordability.

According to recent reports on changing supply and demand, Sydney is still dominating the property market in Australia. New South Wales (NSW) is the number one state, as it has the highest number of ‘movers’ in terms of property supply and demand.

The outer suburbs of Sydney have recorded the biggest rise in price. One such suburb is Curran Hill, which jumped 529 places in rankings.

Best Growth Suburbs for Under $550,000

Homes situated on the NSW Central Coast are growing in popularity. Tumbi Umbi jumped 494 spots, and Narara 367. Eltham moved 236 spots up the rank.

The changes in the rankings for the top sellers indicates that suburbs in the National Top 100 have increased the most in terms of supply and demand.

Top 10 Movers of 2015

Suburb State Ranking Previous Rank
Curran Hill NSW 54 589
Tumbi Umbi NSW 92 586
Narara NSW 77 444
Greystones NSW 75 385
Figtree NSW 69 368
Mount Annan NSW 46 330
Pymble NSW 38 356
Eastwood NSW 100 353
Eltham VIC 52 288
St Clair NSW 18 231

Source: Realestate.com.au

What Are Buyers Looking For?

National state-by-state data indicates that home affordability, lifestyle and reduced commuting times to work and amenities are all prominent buying considerations. As inner city markets in Sydney and Melbourne become less affordable, buyers and investors are beginning to seek out more affordable suburbs.

Real estate agents suggest that buyers who are looking to buy near the city should seek out areas that have green space, recreational areas and bike and walkways. Good alternatives to Sydney are Wollongong and the Central Coast. The Central Coast has some great locations and waterways. Wollongong has a university, which means it will be a strong market for investors.

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How Have Investment Lending Changes Affected the Market?

Rises in investment lending interest rates by banks has resulted in investors searching for property in more affordable areas. However, buyers need to be aware that just because an area is more affordable, this doesn’t mean that they are guaranteed that the property will have stronger capital growth. Suburbs may also sit dormant for some time, before they start to move-up in price. To avoid any disappointment when investing, it is recommended you do extensive research, and that you buy in an area that is earmarked for growth.

The Biggest Movers By State in 2015

State Suburb Ranking Previous Rank
ACT Forde 3 27
Nicholls 7 19
Harrison 4 14
Bruce 21 29
Bonner 6 7
NSW Penrith 59 276
Curran Hill 24 229
Tumbi Umbi 42 232
Edensor Park 86 259
Cecil Hills 57 203
NT Bayview 22 29
Araluen 14 19
Nightcliff 5 9
Eastside 13 16
Rapid Creek 2 4
QLD Clear Mountain 85 163
Tingalpa 64 127
Stretton 94 155
Sandgate 62 121
Cashmere 91 148
SA Largs North 97 156
Hectorville 59 116
Port Willunga 85 132
Vale Park 52 98
Kilburn 84 130
TAS Dover 98 167
Anson’s Bay 81 148
Burnie 56 120
Dolphin Sands 73 136
Beaconsfield 93 152
VIC Mulgrave 37 107
Eltham 21 90
Keilor Downs 91 157
Wantirna Sth 54 112
Narre Warren Nth 99 157
WA Glen Forest 36 99
Helena Valley 99 160
Stonesville 78 131
Crawley 90 143
Mosman Park 83 125

Source: Realestate.com.au

Which Suburbs Have the Highest Rental Yield?

One bedroom units in Cairns, Miami, Port Douglas and Noosaville are within the Top 10 Suburbs with the Highest Rental Yield according to Realestate.com.au data. Caboolture in QLD had the highest average rental yield in Australia at 15.2 percent. Let’s look at the data.

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Top 10 Suburbs in Australia with the Highest Rental Yield

Suburb State Rental Yield (%) Median Price $
Caboolture QLD 15.2 70,000
Cairns City QLD 13.2 120,000
Miami QLD 11.9 115,000
Ultimo NSW 11.6 389,000
Port Douglas QLD 11.3 108,000
Box Hill VIC 11.1 127,000
Harristown QLD 10.6 N/A
Manoora QLD 10.2 102,000
Noosaville QLD 10.1 165,000
Woree QLD 9.6 N/A

Top 5 Suburbs with the Highest Rental Yield By State

State Suburb Unit Size Rental Yield %
QLD Caboolture 1 bed 15.2
Cairns City 1 bed 13.2
Miami 1 bed 11.9
Port Douglas 1 bed 11.3
Harristown 1 bed 10.6
NSW Ultimo 1 bed 11.6
The Entrance 1 bed 8.7
Eden 2 bed 8.4
Nowra 2 bed 7.8
Rose Hill 2 bed 7.7
VIC Box Hill 1 bed 11.1
Carlton 1 bed 9.1
Mildura 2 bed 7.2
Melon Sth 2 bed 7.1
Horsham 2 bed 6.9
ACT Canberra City 1 bed 7.2
Franklin 2 bed 6.5
Hawker 2 bed 6.3
Franklin 1 bed 5.8
Belconnen 1 bed 5.7
NT Gillen 2 bed 7.2
Gray 2 bed 6.5
The Gap 2 bed 6.4
Bakewell 2 bed 6.3
Parap 2 bed 6.2
SA Adelaide 1 bed 8.3
Rosewater 2 bed 7.1
Findon 2 bed 7.0
Kurralta Park 1 bed 6.7
Salisbury 2 bed 6.7
TAS Newnham 2 bed 7.3
Mowbray 2 bed 7.0
Riverside 2 bed 6.7
Claremont 2 bed 6.6
Newstead 2 bed 6.5
WA Bunbury 2 bed 6.9
Armadale 2 bed 6.8
Rivervale 1 bed 6.0
Mandurah 2 bed 6.0
Rivervale 2 bed 5.9

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