Where to buy an investment property? The answer is to buy in the suburbs within a 10 kilometre ring of capital cities.
A new report from St George Bank and property research firm RP Data has revealed the latest 24 property hotspots in the capital cities including Sydney, Melbourne, Brisbane, Adelaide, Perth, Darwin, Canberra, & Hobart.
The Property Hot Spots 2011
Sydney
Arncliffe – Houses
Eastlakes – Units
Newtown – Units
Potts Point – Units
Sydenham – Houses
Melbourne
Braybrook – Houses
Carlton – Units
Heidelberg West – Houses
Kingsville – Units
Travancore – Units
Brisbane
Arana Hills – Houses
Greenslopes – Units
Holland Park – Houses
Salisbury – Houses
Windsor – Units
Adelaide
Dulwich – Units
Thebarton – Houses
Perth
Mirrabooka – Houses
West Leederville – Units
Darwin
Tiwi – Houses
Canberra
Braddon – Units
Hobart
New Town – Units
Regional areas
Newcastle, NSW – Houses
Gladstone, Queensland – Houses
How to Choose Property Hot Spots
Key factors to Property Hotsopts:
1. Proximity to transport;
2. Proximity to retail amenities;
3. The potential for renovation of properties in a suburb;
4. Attractive pricing – prices may have risen by less than the average for that area, or may be lower than similar suburbs in other area.
If you think there are other factors to identify a property hot spot, please leave us a comment.
Or if you have different opinion on the latest property hotspots, please feel free to share your property hot spots with us.
For anyone interested in the Newcastle area I have have identified the
following areas within the Hunter Region: Muswellbrook Cliftleigh Cessnock Rutherford.
To see the reasons why have a look at : http://www.slideshare.net/tigerbaker
Definitely Proserpine in North Queensland. It’s in the beautiful Whitsunday region and only a short drive to beaches, national parks and close enough to commute to the booming mining area that is the Bowen Basin and Abbot Point. It has a variety of retail amenities and has great facilities and infrastructure such as the Proserpine Hospital, Railway Station and is situated along the Bruce Highway. Many of the properties are older style with many renovations and value adding activities occurring of late. It is much more affordable than nearby suburbs such as Cannon Valley, Cannonvale & Airlie Beach.
In Canberra the best area for affordability is Weston Creek area. Under$500k for a 3 bedroom within 15 mins to the city, 8 mins to Woden and 4 mins walk to coolamon court shops. Local transport shops and quite. Any further out is no good and any further in is over a $million.