Next investment hotspots revealed
A new analysis has uncovered which suburbs hold the best potential for capital growth and rental returns over the next five years.
According to the report by onthehouse.com.au, New South Wales is predicted to be at the head of the pack, with four of the top 10 suburbs.
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Jerrabomberra is the hottest pick, with price growth predicted in excess of 10 per cent per year over the next five years.
In addition, rental yields in the suburb are sitting around 5.15 per cent.
Morayfield in Queensland, Seville Grove in Western Australia and Ngunnawal in Australian Capital Territory were all identified as the best in their respective states, with growth above 10 per cent per annum expected.
Victoria, South Australia, Tasmania and the Northern Territory had no suburbs in the top 10.
John Edwards from onthehouse.com.au said outer city regions were the best performers around the country.
“Buying in a regional area might not be for everyone but with strong predicted growth and high rental yields, it’s certainly an option to consider,” he said.
“With more expensive areas, such as Sydney, outer city regions can be much more affordable – pair that with strong growth and it could be a good fit for investors wanting to get good rental returns and capital growth over time.”
The full list is reproduced below:
|
Ranking |
Suburb |
State
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|
Median Value |
Median |
Median |
Predicted Capital Growth, |
|
1 |
Jerrabomberra |
NSW |
$612,500 |
$605 |
5.15% |
10+% |
|
2 |
Morayfield |
QLD |
$321,000 |
$335 |
5.47% |
10+% |
|
3 |
Seville Grove |
WA |
$367,500 |
$390 |
5.52% |
10+% |
|
4 |
Karabar |
NSW |
$461,500 |
$470 |
5.30% |
10+% |
|
5 |
Dalyellup |
WA |
$414,500 |
$410 |
5.15% |
10+% |
|
6 |
Ngunnawal |
ACT |
$392,500 |
$405 |
5.37% |
10+% |
|
7 |
Secret Harbour |
WA |
$482,000 |
$485 |
5.28% |
10+% |
|
8 |
Murrumba Downs |
QLD |
$419,000 |
$435 |
5.39% |
9+% |
|
9 |
Banora Point |
NSW |
$438,500 |
$455 |
5.44% |
9+% |
|
10 |
Medowie |
NSW |
$396,000 |
$385 |
5.10% |
9+% |
Source: Onthehouse.com.au