15 affordable suburbs ripe for growth in new data

According to Jeremy Sheppard, head of research at Sell or Hold, low growth was predicted for Darwin and Perth locations, and claimed that investors could find more profitable locations elsewhere.

“The research showed that vainly holding on to properties in some of these locations could see your property wealth erode every year,” Mr Sheppard said.

“Savvy investors recognise that, even after transactional costs, they could potentially be better off by tens of thousands of dollars in a handful of years by simply literally cutting their losses.”

The data found the Canberra-Queanbeyan region ranking in first and second with Charnwood and Karabar, respectively.

“The Canberra-Queanbeyan region has taken out the first and second places for forecast price growth, partly due to affordable house prices close to our nation’s capital,” Mr Sheppard said.

“Both Charnwood and Karabar are near Canberra, which means housing is in strong demand from public servants.”

The research head claimed that investors who sell out of underperforming markets and purchase property in Charnwood or Karabar could see profits of $120,000 in three years’ time.

In third was Bilambil Heights, located within the Gold Coast - Tweed Heads region, which offers property close to Surfers Paradise, affordable property and access to employment hotspots and can offer investors just over $100,000 over three years, and fourth was the relatively nearby Underwood in the Logan area.

Taking out the fifth place was Hobart’s Geilston Bay, which could offer investors nearly $100,000 over three years.

“Hobart has three of the top 15 results, which shows that there is growth still remaining in the Apple Isle capital,” Mr Sheppard said.

“If its name didn’t give it away, the appeal of Geilston Bay is partly due to its desirable location on the Derwent River while also only being seven kilometres from Hobart.”

The areas that have the highest growth forecast over a three-year period, according to Sell or Hold, are:

The areas that have the lowest growth forecast over a three-year period, according to Sell or Hold, are:

State	Significant urban area	Locality	Median house price
NT	Darwin	Rosebery	$528,020
WA	Perth	Henley Brook	$577,080
VIC	Melbourne	Clyde North	$589,725
WA	Perth	Jindalee	$572,623
NT	Darwin	Farrar	$513,736
WA	Perth	East Cannington	$444,566
WA	Perth	Wandi	$507,977
WA	Perth	Shoalwater	$428,932
WA	Perth	Bentley	$451,875
QLD	Brisbane	Bahrs Scrub	$457,678
WA	Perth	Helena Valley	$570,389
NT	Darwin	Howard Springs	$599,621
WA	Perth	Munster	$523,772
WA	Perth	Piara Waters	$482,822
WA	Perth	Noranda	$524,283 You need to be a member to post comments. Become a member for free today! Comments powered by CComment Related articles Author Sasha Karen Know more More from this writer: Where to find winners in the WA market How rents have performed for investors so far this year How to save money with a new repayment strategy Popular capital cities on the rise as market softens over June Cash rate call for July 2019 revealed New property sales rebound over May How far can a $500,000 budget get you in Sydney?