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Top 10 suburbs for capital growth

Top 10 suburbs for capital growth

by Lyall Russell | October 11, 2019 | 1 minute read

There are 10 suburbs across Australia where investors will be grinning with the thought their property value could increase drastically during the next few years.

October 11, 2019

Research from Select Residential Property (SRP) has pinpointed the top 10 areas that are forecast to have a median house price growth of up to 30 per cent over the next three years.

The top locations could see capital growth of nearly $400,000 over that period.

The reason for this growth is due to the areas having sound market fundamentals, SRP director of research Jeremy Sheppard said.

“The analysis uses 17 market variables to help us determine the locations with the best chance of superior price growth over the next three years,” he said.

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The top locations are in ACT, NSW, Queensland, South Australia and Victoria.

“The research highlights that each major region has suburbs with price potential regardless of what the market cycle is doing at the time," Mr Sheppard said.

“These suburbs all have a number of desirable features, however, one of the main reasons why house prices are forecast to grow is an imbalance of demand to supply.”

The suburbs predicted to return the most capital return are:

1. Balaclava, Victoria
2. Narraweena, NSW
3. Helensburgh, NSW
4. Fullarton, South Australia
5. St Albans Park, Victoria
6. Charnwood, ACT
7. Waratah, NSW
8. Currimundi, Queensland
9. GrangeGrange, QLD Grange, SA, Queensland
10. Colonel Light Gardens, South Australia

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

Top 10 suburbs for capital growth
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