Australia’s best suburbs for rentvesting

According to Mozo, the top seven suburbs are:

* Liverpool is the exception, as median unit prices are used.

A breakdown of each of the suburbs by Mozo are as follows:

Madeley, Western Australia

Situated 20 kilometres north of Perth’s CBD, Madeley was Mozo’s best pick for Western Australia.

Despite a value drop of 7.5 per cent, low vacancy rates indicate future property value growth. The area also is located close to amenities, Swan Valley and is 10 minutes away from a number of beaches.

Tewantin, Queensland

Supported by workers in Noosa and booming local and international tourism, along with a drop in both vacancy rates and housing stock, Tewantin has been branded by Mozo as located in a prime location, but also remains affordable.

Scullin, Australian Capital Territory

Positioned 15 minutes away from central Canberra and near Belconnen, Scullin has access to public transport and amenities, as well as being 10 minutes away from the University of Canberra.

Due to the high proportion of government employees working in Canberra, there is a high necessity for housing, and as such, Mozo said the median house price of $540,000 means high value for money.

Liverpool, New South Wales

The level of affordable units in NSW means the state is the only suburb on the list to focus on units rather than houses.

Liverpool, located 40 kilometres away from Sydney’s CBD, has public transport and the M5 offering a number of transport options.

Looking to the long term, Mozo predicts a rise in property prices due to being close to Badgerys Creek, the site for Sydney’s second airport due to be completed in 2026, and the resulting job opportunities it will create.

In addition, the proposal of a new marina and the rejuvenation of Georges River by the Liverpool council could also have an impact in the future.

Brooklyn Park, South Australia

Brooklyn Park is surrounded by a number of beaches on one side, the Adelaide CBD on the other, as well as Adelaide Airport, Harbour Town Shopping Centre, and the Torrens Linear Park.

Mozo points out that the suburb is already good value for money, and is set to experience a price growth increase in the future. In comparison, nearby suburb Henley Beach South has a median house price of $785,000.

Trevallyn, Tasmania

Located within walking distance to schools and shops, three kilometres away from Launceston and is near Cataract Gorge, Trevallyn provides what Mozo describes in a statement as “picturesque living”.

Prices are predicted to go up in the future, as it is located near Invermay, the future site of the relocation of the University of Tasmania, which will push rental demand up higher, especially from students.

Sunbury, Victoria

With a fall in vacancy rates and housing stock, while first home buyer interest is high in the Melbourne market, Sunbury is predicted to experience a price rise within the next year.

The suburb is 40 kilometres away from Melbourne’s CBD and a 40-minute drive to the inner-city in off peak times, which Mozo claims is relatively close to the CBD for $400,000.