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15 affordable suburbs ripe for growth in new data
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15 affordable suburbs ripe for growth in new data

15 affordable suburbs ripe for growth in new data

by Sasha Karen | June 12, 2019 | 1 minute read

New research has found 15 locations across Australia where buyers could find growth of over $100,000 in three years’ time.

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June 12, 2019

The research, which was performed by Sell or Hold, located the top and bottom 15 affordable suburbs for growth forecast and buying and selling costs for suburbs with median house prices between $400,000 and $600,000 in significant urban areas.

According to Jeremy Sheppard, head of research at Sell or Hold, low growth was predicted for Darwin and PerthPerth, TAS Perth, WA 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.”

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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:

State

Significant urban area

Locality

Median house price

Better off in three years

ACT

Canberra - Queanbeyan

Charnwood

$439,483

$123,520

NSW

Canberra - Queanbeyan

Karabar

$525,599

$122,546

NSW

Gold Coast - Tweed
Heads

Bilambil Heights

$559,164

$105,787

QLD

Brisbane

Underwood

$538,244

$97,727

TAS

Hobart

Geilston Bay

$475,613

$88,949

VIC

Ballarat

Miners Rest

$400,425

$79,644

SA

Adelaide

St MarysSt Marys, NSW St Marys, TAS

$477,602

$78,955

TAS

Hobart

Austins Ferry

$404,453

$72,635

SA

Adelaide

Birkenhead

$418,158

$71,945

SA

Adelaide

Largs North

$428,047

$64,039

QLD

SunshineSunshine, NSW Sunshine, VIC Coast

Kuluin

$509,258

$62,817

NSW

Newcastle - MaitlandMaitland, SA Maitland, NSW

Largs

$555,042

$60,986

SA

Adelaide

Croydon ParkCroydon Park, SA Croydon Park, NSW

$468,535

$58,470

TAS

Hobart

Old Beach

$448,259

$50,958

NSW

Newcastle - Maitland

Tenambit

$442,552

$50,089


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

RoseberyRosebery, TAS Rosebery, NT Rosebery, NSW

$528,020

WA

Perth

Henley Brook

$577,080

VIC

Melbourne

Clyde North

$589,725

WA

Perth

JindaleeJindalee, WA Jindalee, QLD

$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

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