Best capital growth suburbs victoria. 5% pace of growth recorded so far in 2023.
Best capital growth suburbs victoria. You may not have to look for investment property very far.
Best capital growth suburbs victoria Melton South: Growth Area According to a recent PropTrack data analysis, several suburbs in Victoria are poised for strong growth in 2024 due to high buyer demand and affordable home prices. Nhill, in North West Victoria experienced 21% of median property price growth in the past year, closely followed by Euroa, in Hume, that saw price growth of 19%. To help Australian Capital Territory; New South Wales; Victoria; Northern Territory; Queensland; Tasmania; South Australia; Western Australia; ACT; Top 10 Suburbs for gross rental yields. Top Suburbs. Many leading economists predicted a major slump for Australian property prices in 2023. 4% The property developer says Victoria’s cuts to stamp duty are the best government decision in years, but the state has a lot of catching up to do. Real Estate Institute of Victoria president Jacob Caine said that historically the family home market had been the most resilient against downturns as most people buying them were in their 40s and at the peak of their income earning years, which could explain continued growth in the city’s leafy east. In this blog, we will be looking at the upcoming suburbs. This exodus has been previously observed in moving data by Muval, with Melbourne ranking as the number one place to move to in 2022. 47 % with an average median rent of $ 650 Suburbs in each capital city were selected based on the following six criteria: suburbs with a median value of circa $1 million or less; median price decrease over the last 12 months to September 2022 of up to 17. Regional areas were the standout, with nine of the top 10 high yielding capital growth suburbs outside greater capital city regions. Resources. 6% and 12. One Month $109. That follows a 20% rise in the past year and a long-term capital A critical housing undersupply has been brewing in Victoria over the past two years and this is likely to dictate the direction of the state’s housing market as it enters 2023. Curious about the best suburbs for investment in Melbourne? Discover the top 15 picks for 2024 and make the most of your property ventures! Bairnsdale. Peter believes that Seddon in Victoria is a great The head of one of Australia’s largest real estate firms has tipped Victoria for a population-driven home price recovery in 2025. The price growth in houses sold in the suburb last year was 50 per cent, with median prices hitting $1. Davoren Park was Adelaide’s best with nearly 38 per cent growth, while Sydney’s Gables (33 per cent) and Brisbane’s Find out Queensland’s best suburbs to invest in 2025 from premium spots like New Farm to affordable options in Ipswich and Townsville. In this article, we’ll explore the top suburbs for property investment in Australia’s biggest capital cities, highlighting key factors such as capital growth, median house prices, and rental yields. On average, houses spend 59 days on market. Langwarrin Positioned around 40 kilometres southeast of the CBD, Langwarrin is a family-friendly suburb primed for house price In Sunbury, the median property price for a house is currently $ 645,000 with annual capital growth of -2. Median House Price: $1. 07% over a 5-year period, there’s little doubt why the suburb rose through the ranks so “If you are looking to invest you can’t go wrong in those suburbs. Published on Jan 17, 2024. 9%: 7. 5% pace of growth recorded so far in 2023. Fitzroy’s appeal for investment lies in its strong capital growth potential, with median house prices experiencing a notable 12% increase over the past year alone. 88 % with an average median rent of $ 595 weekly. Open comment sort options. Victoria Park is attracting young professionals due to its modernisation and proximity to the city. On average, houses spend 28 days on market. 8 per cent, typical rent $760; Wangaratta, potential rental yield +6. Investors who are planning to enter the markets of Property experts have revealed the “hottest” suburbs going into the New Year – including a scenic seaside location where homes are as cheap as $350,000. Finding property investments that generate both capital growth and solid rental yields is getting harder as prices continue to soar in many markets. There were 283 house sales in the past 12 months. We asked industry experts where they would buy. Suburbtrends has revealed the best suburbs in Melbourne. REIV ’ s total volume from 316 properties sold was $488 million and an additional $99 million came from 127 private sales. You may not have to look for investment property very far. Suburb, median unit price, change in 12 months. In many regions, top growth suburbs rose in value by more than 20%, but in some regions, the highest growth suburbs grew slower than the top performers in the capitals, with annual growth rates of around 0-4%. With Perth and Adelaide expected to outperform the other capital cities in 2024, Mr Kusher noted an increase in WA and SA suburbs nominated in this However, not all Ballarat suburbs may be the best for investment. First published 31 Mar 2018, 12:00am. Suburbs like Chermside and Annerley present investment potential. “Significant road and rail investments over the past 20 years, combined with development-ready land has resulted in strong population growth,” Rawnsley said. New comments cannot be posted. 2% since June 2023. New. Brighton, QLD (Houses): Close to Brisbane, Brighton Excellent Capital Growth suburb, Seddon, Victoria Australia. One Week $54. , Interestingly, the list mainly features In Geelong, the median property price for a house is currently $ 980,000 with annual capital growth of -2. Wandong in Melbourne’s north also saw significant buyer interest, with an average of 21 interested buyers per listing as Let's see what experts are predicting for 2024, and which suburbs are tipped for top growth. Australia’s fastest growing suburbs. Greater Melbourne top growth suburbs of 2022 Suburbs in the other states missed out on making it into the top 20; however, regional suburbs in Victoria have mostly outperformed Melbourne suburbs in terms of year-on-year growth. The gloominess certainly didn't hit every market, though, and a number of previously struggling areas actually saw significant growth. Adelaide. By which found that the Barossa region in South Australia had delivered some of Perth’s inner-city suburbs like Victoria Park and Mount Lawley are being revitalised, perfect for investors looking for capital growth in areas close to the city. Slow and steady growth means demand is increasing as the area is becoming more popular with young families and professionals. 5 per cent over the past year Growth: Sustained Capital Growth. For investors looking to capitalise on rental investment opportunities, we’ve collated a list of the 10 highest performing Victorian suburbs in terms of rental yield. With significant However, rental prices in Victoria have continued to grow with an annual growth rate of 10. Property Investment Victoria - Best Investment Properties Victoria - Property Investment Tools including Property Investments Calculators, Tax Deductions, How to Buy and Invest in Property, Real Estate Investment Case Studies and Free Best Investment Suburb Reports for Brisbane’s expanding infrastructure enhances suburb growth. 0%: 4. We have good news for any property hunters looking for the next best suburbs. Melbourne’s median house price rose 4% in the 2023 CoreLogic figures, compared with double-digit rises in Brisbane, Perth and Sydney. HOUSES. 00 %. This growth means Perth is a capital growth market and will continue to grow Knowing which suburbs offer the best returns can also help renters who can't afford to buy into their own suburb to enter the property market sooner by 'rentvesting' – renting where they want to live while buying an investment property in a more affordable high growth or high yield suburb. Suburb Median House Price Annual Growth Gross Rental Yield Key Features; Meadows: $700,000: 5. Sydney’s overachieving suburbs jumped in value by 10-20%, while most of the top growth suburbs in each Melbourne region lifted by 4-8%. They offer that capital growth that all investors are looking for,” Mr Cohen from Cohen Handler said. There were 964 unit sales in the past 12 months. 1%: A vibrant suburb with a rich cultural scene, Inner City (West End, Newstead): West End and Newstead are known for their high-density living and commercial developments. Investors should zero in on suburbs that are experiencing or are projected to experience significant population growth. 8%. “Inner city and middle ring suburbs are performing strongly, with the western suburbs of Perth now in high demand. Three Months $164. au . The majority of the suburbs are located in Queensland (18), followed by Western Australia (15), South Australia (10), New In fact, over the last 12 months, dwelling prices have basically been stagnant, while many other capital cities have enjoyed double-digit capital growth. If you're thinking about buying an investment property in Victoria Park, consider that rental yields for houses are currently 4. Metropolitan: Regional markets have seen stronger growth than metropolitan markets , primarily due to lifestyle preferences, affordability, and The best performing properties in Melbourne in 2025 Family-Friendly Homes. About this data Geelong’s top suburbs predicted for growth revealed: SQM Boom or Bust report. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. THE value of homes in Manifold Heights increased more than $43,000 a year on average as house prices in the hot spot doubled in a This is attributed to population growth, economic conditions, and increased demand for rental properties. LEARN MORE. 19 Wellington Rd, Tyabb sold for $2. First published 29 Nov 2024, 6:00am. Rather, they have the classic drivers of population growth, lifestyle appeal, employment By focusing on high-growth suburbs, undervalued properties, and family-friendly homes, you can position yourself for long-term capital growth and strong rental returns. Smart Property Investment gathers up-to-date market information to identify the fastest growing suburbs across Australian state and territories—New South Wales, Queensland, Victoria, Western Australia, Northern Territory, South Australia, Tasmania and the Australian Capital Territory. Wise Real Estate Advice - Buyer How quickly Australian property markets have returned to price growth in 2023 has been a surprise to many industry experts. Best Suburbs for Rental Properties in Australia 2024. Capital Growth: What Part Of Melbourne Has The Most Demand? The best way to remember the hot suburbs in Melbourne is to compare it to real estate prices on a Monopoly board. Albion is Key takeaways. There were 48 house sales in the past 12 months. Warneet also made the top 20, with houses like 10 Edgewater Tce going for $980,000-$1. Find agents; Property reports ; Commission calculator; Real estate news Market news; Preparing to buy + sell; Real estate agent tips; Case studies; Get free agent advice on. BEST PERFORMING UNIT SUBURBS . (In fact, the suburb has experienced the strongest capital growth in the apartment market across the entirety of Australia. 27 %. Key takeaways: Coogee, Maroubra, Balmain and other suburbs are expected to be top performing in Sydney’s property market in 2023. If you're thinking about buying an investment property in Melbourne, consider that rental yields for units are currently 7. But, some remaining Melbourne locations are Other strong performers were outer suburbs Cockatoo, Coolaroo and Melton, with yearly house price rises of more than 32 per cent each. 4 per cent. NSW NSW), the dwindling gross rental yield of 3% indicates they will have to bank on excellent capital growth to make up for the negative cash flow. In our recently released Investor Advantage Report, we named the top 20 suburbs in Victoria for Victoria, Australia, has become a thriving hub for property investors seeking strong returns in the housing market. Finding areas with high rental yields, strong demand, and potential for In Victoria Park, the median property price for a house is currently $ 885,000 with annual capital growth of 11. Infrastructure projects, population growth and economic development are driving up prices of properties across the city. Median values are calculated based on data over a 12 month period. The “Victorian suburbs are most prevalent on the list, which may seem surprising given the larger price falls to date, but remember that migration is lifting in the state,” Mr Kusher said. com Top 20 growth suburbs in Melbourne are typically located in outer ring suburbs. June 5, 2024. Buyers Agent Melbourne; Our Service; Home Buyers; Portfolio ; Property Investors; Our Story; Resources; Contact us; Free consultation Contact us today. (Source: Getty) Aussies looking to purchase an investment property might want to give these 50 suburbs a closer look, with median prices starting from just $305,000. And Melbourne suburbs at the heart of it are expected to include Keilor East, St Kilda East, Glen Waverley, Altona North and Spring Gully in Bendigo, with agents in one of the suburbs revealing the only thing holding it back was its name. Discover the Most Undervalued Suburbs in Melbourne. 6 per cent since March 2020) or Umina Beach on the central Coast (up 38. Properties; Services; News; About Us; Contact Us; Careers ; Select Page. In a generally lukewarm Hobart market past its previous peak, the City of Clarence and suburbs such as Geilston Bay offer the best chance of some growth in 2024. × If you are looking to purchase an investment property, then capital growth in that suburb is a key factor to take into account. I’m looking to buy an IP and have around 600k to spend. New PropTrack data reveals the region’s suburbs and towns with The Top 10 Million-Dollar Hotspots. Nikita Giel at her 16 Wimmera Ave, Manifold Heights which is on the market. State Reports. Key areas are Broome with high yields and Rockhampton with infrastructure growth. SHARE ARTICLE. 1 capital city suburb for year-on-year unit growth of 24. Real Estate Institute of Victoria data shows high rental yields — which are double those on offer from the average Melbourne house — are up for grabs in Moe, Stawell, Shepparton and Wodonga. Rank Property type Suburb Median price Median Buyers seeking affordable options in Adelaide usually look to the northern suburbs, where suburbs like Andrews Farm provide houses in the $400,000s. 3% for three-bedroom houses, realestate. Over the long term, apartment values rose 3. Sydney, New South Wales Best Suburb to Invest in Sydney: Marrickville Apartment for sale in Marrickville. 3% in the last year. Located 30 km northeast of the CBD, it’s a well-planned community with Like Sydney, Melbourne dominated the negative property headlines of 2022 as prices in the Victorian capital began to sag early in the year. Get exclusive reports, data, offers, YIP magazine and more – free. While it is the cheaper outer suburbs that have fuelled most of the city’s stellar price growth, Ms Kelley said a change was imminent. In terms of capital growth prospects, infrastructure projects such as the Suburban Rail Loop Stage 1, the North-East Link, and the Melbourne Greenline Project will have a significant impact on the value of properties in The median house price is $460,625, (while in 2007 the average house price was $180,000 on average) and the median capital growth is 31. Median Sale Price: $2,000,000 Capital Growth. However, other Ballarat suburbs are investment gold – not only do these promise great returns and prices, but great capital growth as well. Perth is expected to grow 6-8% in 2025 after a 25% growth in 2024. 2%: Top 10 Victorian Suburbs to Boom in 2024 1. Only 36% of suburbs Growing Suburbs In Victoria . These Canstar has just published its Rising Stars Australian Property Market Report for 2024 in conjunction with Hotspotting. Check out our list below. Melbourne News Properties Property Market Victoria. au, we’ve put together a list of the top ten suburbs in Melbourne that have seen strong capital growth for house and unit prices over the past quarter according to the Real Estate Institute of Victoria A SURPRISE town 45km north of the CBD has been revealed as Victoria’s most consistent suburb for property price growth in recent years. 5%: High investor score, family-friendly: Nairne: $756,500: 4. The new report identifies suburbs where property values are below $500,000 and have strong performing capital growth. Birtinya, QLD (Houses): Near the Sunshine Coast, Birtinya has a median price of $960,000 and recorded 12% growth in the past year. Kilburn was Top five growth suburbs . 31 % with an average median rent of $ Momentum Media and leading property investment brand Smart Property Investment are proud to unveil the inaugural FAST 50 report – the perfect starting point for residential property investors looking for the best capital growth in 2024. Paul states that their analysis started with nearly 200 suburbs across the country, which was narrowed down to the top 50, based on recommendations from leading real estate experts. 6%, respectively. While one suburb slows, another is just warming up. For investors seeking suburbs in Melbourne with a track record of strong capital growth, these areas have consistently performed well. Look at sydney now all the prestigious capital growth suburbs are far away from train stations as the middle to upper wealthy don’t use public transport and they want away from the rif Raf , they drop their kids to school in their merc and they want to be close to amenities. Enquire Now. Check out affordable suburbs with strong rental yields like Geraldton, Port Augusta and Rockhampton with multiple economic drivers for CoreLogic has identified the Top 50 suburbs nationally for capital growth, in a new report released this month. Source: www. A new report has identified areas of Geelong predicted to outperform amid expectations an interest-rate cut would provide an immediate boost to homebuyer demand in mid-2025. If you're thinking about buying an investment property in Torquay, consider that rental yields for houses are currently 2. Balcatta’s affordability, price growth, strong demand and infrastructure upgrades makes it one of Perth’s top investment suburbs for 2025. The local economy continues to stabilize. 99%, putting Frankston North in the top 10% best performing investment suburbs in Smart Property Investment gathers the latest market data and information to identify the suburbs that are witnessing the highest growth across all Australian states and territories, including New South Wales, Queensland, All ten of the nation’s biggest risers had median house prices well below their respective capital city or state averages, Beachlands, a coastal gem in regional Western Australia, took the crown as the nation’s top growth This post looks at the best suburbs to invest in Australia for 2025, focusing on regional areas, capital cities and lifestyle driven areas. August 16, 2023 Key takeaways: Undervalued suburbs in Melbourne offer potential for capital growth, family-friendly neighborhoods, access to amenities and nature spots. 57 %. To compile the FAST 50, Smart Property Investment asked the Australia’s BEST RENTAL SUBURBS. Here are my Top 10 Suburbs for growth and therefore investment across Victoria and their total scores: Hawthorn – Total Score: 88/100; Box Hill – Total Score: 87/100; Dandenong – Total Score: 85/100; Frankston What are the best Victorian regional towns to invest in 2024? CoreLogic’s Best of the Best 2023 report shows these regional Victoria suburbs had the strongest growth in house prices: Kyabram, median house value $437,436, up +13. 5 per cent; Three of the top 10 picks for houses are in Geelong, with Marshall and Whittington joining Thomson, offering an affordable entry point and promising growth potential. Suburbs with Strong Capital Growth. 9 per cent growth in house values year on year. By Your Investment Property Mag • Published 03 Mar, 2011. We have picked 3 suburbs for best house potential, and 3 suburbs for best unit potential. With this in mind, Miriam Bell scours the country for areas that are still flying Australia's top growth suburbs of 2023. ) Melbourne: Maribyrnong and Kew East. Listings figures are also improving for Melbourne. Capital Growth. “These top million-dollar markets are not just randomly selected. Contact Support 1300 799 109 Find out which suburbs in Adelaide, Brisbane, Melbourne and Sydney have experienced the best capital growth over the past 20 years. The 10 best affordable suburbs in Regional Victoria Dinner Plain in the Victorian Alps, 13km from Mount Hotham, is a striking exception among the top-performing regional suburbs, where values have trended higher following a slight dip through the second half of 2022. Proximity to jobs and transport Top growth suburbs over the last three month period ending 30 September 2024. Peter Farago, Property Journalist . This will encourage high density apartments which won’t grow. ” Qi Chen, OpenLot. 1% cumulatively after its 2020 and 2021 boom. Please enter a valid suburb or postcode. com. Recent PropTrack data reveals the Australian suburbs with the strongest growth in house prices over the past 12 months. Houses in Tewantin and Maroochydore on the Sunshine Coast all recorded double digit In Rye, the median property price for a house is currently $ 1,056,000 with annual capital growth of -0. au. We highlight the markets across Australia expected to provide the best growth prospects this year. Rising demand for family homes and renovations hitting the market are raising values in Geelong top 10 growth suburbs of 2024. With interest rates remaining higher than previous years and Melbourne's imposed land tax, the property market in Victoria has underperformed the other states of Australia. Geraldton and Kirwan have promising returns with industry development. With price hikes of around 20% in the past few years and capital gains of roughly 42. On average, units spend 42 days on market. On average, houses spend 60 days on market. 7%; Ellenbrook is one of Perth’s best suburbs for capital growth. The exclusive analysis of sales data from PropTrack shows the suburbs sharing the best average annual growth over the past 10 years, the strongest lift in median house price since 2019 and the best rental yields are centred around a clutch of suburbs in a corridor Look no further! This comprehensive guide delves into the secrets of suburb capital growth, helping you identify high-performing areas to maximize your investment returns. Of the top 10, Box Hill was the closest to the CBD at 14km east. However in some regional areas, particularly in New South Wales and Victoria, many of Victoria; Geelong; Geelong’s best growth suburbs over the past 10 years. Find out the best suburbs for rental properties in Australia 2024. Suburbs clustered around Australia’s key regional centres top the list of national growth areas outside the metropolitan boundaries of major capital cities. Aria Property Group is a major developer in these suburbs, driving urban renewal and supporting 7-9% annual property price growth. Fastest Growing Suburbs In Melbourne. × . Suburbs with the highest capital growth potential are detailed in the graphic above, ranked by Capital Growth Score*. Wyndham covers almost 20 suburbs containing a significant number of greenfield developments. Log in. 05 % with an average median rent of $ Wyndham in Victoria was the fastest-growing area between 2019 and 2022, with 34,500 additional residents. Expert analysis of house prices, infrastructure development, and investment opportunities in Victoria's western and northern corridors for 2025. Not true, according to Amanda. Ouyen, 3490 Regional Victorian towns have emerged as the best bets for budding property investors on a budget, new research has found. 05 % with an average median rent . 07m. 4%: Growth (Past 12 Months) – 0. Melbourne’s property market growth continues to be underpinned by Geelong’s northern suburbs have delivered the best returns to homebuyers over the past decade, new research reveals. Investing strategically with research and due diligence can lead to Paul Glossop from Pure Property Investment gives the top 50 suburbs in Australia expected to provide the best capital growth by the end of 2024. The highest price growth suburbs in regional Victoria in 2024 were: Victoria regional houses: In Victoria, South Morang, Craigieburn, Point Cook, and outer south eastern suburb of Cranbourne East are Australia’s fastest growing suburbs. The suburb has had steady growth with house prices up 6. Is yours on the list? If you bought a home in Kilburn in South Australia in 2000 and still owned it you should give yourself a pat on the back as your investment could have grown by 683% in that time. No records found. 5%; Highlights: Upgraded train station and tram route, proximity to Sunshine Hospital and Victoria University, diverse dining scene. Skip to content . Which Suburbs in Melbourne Are Best for Capital Growth? Essendon House for sale in Essendon VIC 3040. Soho. 61 %. While Mornington Peninsula suburbs dominated in 10-year growth, outer suburbs like Clyde also made the list. Real estate sources say “While million-dollar suburbs are more common than ever before, there are certain pockets, and certain suburbs, that are primed for superior capital growth,” Mr Harvey said. Let’s explore the factors influencing capital growth, top-performing suburbs across Australian states, and the best investment strategies to achieve your financial goals. Phil Horan, National Director, Hello Real Estate- Wodonga is on the brink of a construction boom with a string of large-scale projects about to commence. 12 Months $439. According to CoreLogic’s recent ‘Top Affordable Suburbs Report’, Victoria dominates the national list of most affordable areas with 62 out of the top 100 suburbs including four in the top five suburbs. 8M; Weekly Median Rent: $700PW; In 2024, several Victorian suburbs emerge as top investment opportunities for young professionals, couples, and families. Data is provided by CoreLogic. Find property data on every suburb in Australia. Price growth of established houses in Melbourne’s gentrifying suburbs will be underpinned by the ongoing trend of families seeking spacious homes with proximity to amenities, schools, parks, and transport links that continue to fuel demand for houses. It refers to the appreciation of a property’s value over time and can result in increased returns for investors. Get high rental yields, capital growth and demand in suburbs like Chelmer, Palm Beach In Torquay, the median property price for a house is currently $ 1,200,000 with annual capital growth of -4. The No 1 performer was apartments in Crows Nest, NSW, on Sydney’s Lower North Shore. Advertisement. Avalon Beach, NSW (Units): With a median unit price of $1. There were 90 house sales in the past 12 months. The median apartment value had a spectacular rise over the year, up 29 per cent to $1,012,549. For investors, Kennington in Bendigo is strategically located next to the La Trobe University campus and has seen a 10% increase in asking rents over the past year. He identified suburbs with widely differing market performance over the past 12 months as presenting investment value in 2023. Suburbs like Viveash (40. At the start of the game (Melbourne’s Western Suburbs) property is most affordable, then as you work your way around the board things start to get more expensive. The suburbs with the highest rental yields Similarly to suburbs in Shepparton, the Bendigo area also ranked across Victoria’s top-performing suburbs for both houses and units. Top. On average, houses spend 42 days on market. 04 %. Unlimited insight into every available property, street, suburb and state in Australia Learn more. Median House Price: $920,000 ; Rental Yield: 3. 12m in October. Affordable entry points make them desirable. Sunshine – $575,000 – 47. Start investing now with propertyvalue. Top booming Victorian suburbs for houses. 12 Invermay Way is up for $740,000-$780,000. Mont Albert was closely followed by Glen Huntly in Glen Eira Victoria and Castlecrag, of Affordable Growth Suburbs. But the city is still chasing the peak of the market in 2021. Markets are more complex than this. This upward Hawthorn is a genteel suburb that combines academic prowess with green serenity, though it is not without its cost. 1 million, Avalon Beach is a coveted suburb on Sydney’s Northern Beaches. Here are the suburbs to watch in 2025. Below we look at the top suburbs in each capital city and regional areas, and why they should be considered if you’re looking for the best place to invest in Australia in 2024. Melbourne was the only city to see a decline in week-on Best Suburbs to invest in Melbourne Top 10 Best Investment Suburbs in Melbourne. 9% growth in units) are the top performers. Strategic Australia’s Top Suburbs. Consider suburbs with strong rental demand. As a result, investors take advantage of incredible capital growth opportunities and unprecedented rental yields as these areas continue to grow. In regional areas, Venus Bay experienced the largest decline in house values nationwide, dropping by 15. Urban Renewal Creating New Investment Opportunities. Share Sort by: Best. 32%. There were 269 house sales in the past 12 months. The only capital city represented is Sydney, where top-performing suburbs are affluent North Sydney or North Shore suburbs. Nfinity’s experts predict top australian suburbs to invest, while there will be no property boom, most cities and regions will experience modest and steady growth. According to CoreLogic's latest home value index, regional Victorian properties are sitting at an annual growth rate of a whopping 18. The highest capital gains reported over the past year was in the Victorian suburb of Mont Albert, in Whitehorse. Certifications; Industry Events; Training; Legal & Compliance But there are definite hotspot targets that promise strong capital growth and returns in 2025. The highest price growth suburbs in regional Victoria in 2024 were: Victoria regional houses: Investors in a clutch of Melbourne suburbs have managed to strike a perfect balance between capital growth and rental return. Picture: Alison Wynd. If looking for a slightly cheaper option, Elizabeth Bay is your next best bet, ranking in as NSW’s No. Where do you think I should be looking/buying (apartment, unit, house). ×. Albion Apartment for sale in Albion | Price Range: $182,000 – $200,000. In this blog, we’ll explore the top suburbs to invest in Melbourne in 2024, based on factors like location, infrastructure, amenities, and investment potential. has also made Newstead a popular destination, contributing to the area’s PropTrack’s latest Property Market Outlook report predicts home prices across the country will grow between 1% and 4% over the next 12 months, slightly slower than the 5. Fitzroy. Current median house price in Perth is $580,000 with 5% annual growth. What makes a great suburb? While the old saying, “location, location, Similarly to suburbs in Shepparton, the Bendigo area also ranked across Victoria’s top-performing suburbs for both houses and units. Calliope, QLD, 4680 - median house price Hover over Tap a data point to see when it was last updated. In Melbourne, price growth has been much more moderate since the onset of the Covid pandemic Best suburbs for investment property Victoria (VIC) Best suburbs for investment property Melbourne Best Suburbs for Investment Property in Australia 2024 17 Carlton VIC 3053 : House: Unit: Median Price : $1,410,000: $409,000: Median Rent: $750: $550: Rental Yield: 2. If you're thinking about buying an investment property in Sunbury, consider that rental yields for houses are currently 4. VIC Which are the best growth suburbs in your opinion. Check out if your suburb made the state’s top 50. Affordability and growth makes it a great option for first time investors and those looking to get into a growing market. 14/06/2014. Capital growth in Brisbane is on an upward trajectory. With Melbourne’s property market continuing to grow, the search for top emerging suburbs for property investment in Victoria, Australia, has become a key focus for savvy investors looking for significant capital growth and high rental yields. Access comprehensive The suburbs with the highest house price growth over the past 10 years. 2023 reviewed: Hobart Victorian suburbs accounted for 29 spots in the Hot 100, with a mix of inner-city, suburban and regional suburbs nominated for growth. In other words, chances are that many people looking to invest in certain popular suburbs will be paying more for the property As a seasoned content writer with my ear to the ground, I’ve scoured the city to uncover the top 15 suburbs that are primed for investment in 2024. Outside Perth, Adelaide and Brisbane secured their places as the second and third best-performing capital cities, with dwelling price growth of 14. 9 per cent over the past year; Avenel, median house value $618,877, up +13. During 2021 Melbourne’s housing market achieved over 13% growth, however, there are markets within markets and some suburbs recorded significantly higher growth. 1. The suburb’s connectivity, lifestyle and family friendly environment is great for renters and buyers. . Median price: $560,000; Weekly median rent: $610PW; Gross rental yield: 5. Best. If you're thinking about buying an investment property in Geelong, consider that rental yields for houses are currently 3. Here are my Top 10 Suburbs for growth and therefore investment across Victoria and their total scores: The best suburbs in Melbourne are clustered around the Yarra Valley. Written by. This is despite a significant loss in population to regional and interstate areas and the temporary end to international migration. Bendigo Times reported that Huntly ranked highest for capital growth potential on the Well Home Loans Green Shoots Report, making it one of the best suburbs to invest in Bendigo. Latest News. Just to make things clear, these are not necessarily investment-grade locations. Victoria’s top 20 suburbs for investing in new houses The Real Estate Institute of Victoria (REIV)’s latest auction results reported a clearance rate of 78 per cent, up from 71 per cent in the previous week, and from 537 auctions reported. Indeed, the Melbourne property market went down by almost 7. 7%, while those in Brighton East experienced Make Your Move: Victoria’s top regional investor suburbs revealed. With strong demand driven by new housing, infrastructure and recreational spaces these areas are perfect for families and first home buyers. Source. Why Invest: Mickleham is a fast-growing suburb in Melbourne’s outer north, making it an emerging hotspot for investors. Melbourne’s affordable growth suburbs offer affordability, lifestyle amenities and long term growth. Career Development. Towards This exceptional growth highlights the suburb’s growing appeal, driven by its affordability and proximity to key amenities. While there are a number of ways to approach property investment, many investors tailor their approach to focus on either capital growth or rental yield over time. We have scored all suburbs in Australia for their capital growth potential. Part of Melbourne’s flourishing western suburbs, Maribyrnong is a lovely and laid-back suburb right on the Maribyrnong River and close to both the CBD and airport. QLD and WA appear to dominate the list. To prove it, here are Amanda’s five pick locations for capital growth potential in Melbourne. In their 20 best Victorian suburbs for investing in new houses, the top 5 are all in regional locations: Echuca, potential rental yield +7. Western Australian suburbs like East Victoria Park and West Leederville are growing strongly with both rental yields and capital growth. Here at loans. Melbourne is behind in the growth cycle compared to other capital cities including Sydney and Brisbane, so its relatively recent revival in buyer activity has not yet translated into price growth to the same degree. On average, houses spend 9 days on market. The presence of Newstead Brewing Co. Places such as Mount Victoria (up 40. With the market rebound well and truly underway, there are dozens of areas around the country where median prices have risen considerably over the first half of the year. Advertisement . Ascot, a suburb in Victorian gold mining town Bendigo, is the number one regional growth area in the country with an annual growth rate of 31. Discover detailed property market insights for Melbourne's key growth suburbs including Point Cook, Werribee, and Tarneit. Tuesday December 24, 2024. Blacks Beach, QLD, 4740 - median house price $495,000, rental yield 5. 9%: 6. The best suburbs in Melbourne are clustered around the Yarra Valley. Towns of substance with houses still in the $300,000s have Looking for the best capital growth suburbs in Melbourne? Every buyer and investor is and the good news is, there are at least 5 of them. 1 percent. Rental yields and low vacancy rates are perfect for investors, price growth is great for capital gains. 035 million. Victoria’s four most affordable suburbs “Regional Victoria & Queensland remains the hotspot for investors as it provides purchase value and rental yield. 2 per cent, vacancy rate +1. If you're thinking about buying an investment property in Rye, consider that rental yields for houses are currently 2. Here we can see that regional The Perth suburb of Armadale was the best performer, with 42. au Which Suburbs in Perth Are Poised for Future Growth? Ellenbrook House for sale in 67 Mangles Drive, Ellenbrook. For example, house values in Frankston South increased by 15. Note: Growing demand might push prices upwards. A series of unsung Geelong and Bendigo suburbs are regional Victoria’s best bets for investors looking to get the most bang Regional towns within a relatively short drive from Melbourne are witnessing strong sales volumes and outperforming the Victorian capital. Jim Malamatinas, Head Buyers Agent and Director of A Game Property Advisory, told API Magazine that the more affordable suburbs were now priced at a level that made them tempting to investors and first-home buyers. 9% growth) and Cottesloe (50. Regional vs. Six Months $274. This gentrification will Three quarters of the top 10 suburbs for consistent capital growth in Queensland are by the beach, according to a new CoreLogic report. Phone icon 13 24 34; Who's the right agent for you? Compare, research and shortlist now. 3 per cent) make the list for top-growth suburbs, and some of these areas are located a The real estate market in Victoria’s capital city recorded a most significant decline from their pandemic lockdowns, and that has many investors wondering about what growth suburbs in Melbourne are now. Having the right information is critical to any successful investment strategy. There were 776 house sales in the past 12 months. Your Investment Property gets some tips on what suburbs to buy your next investment property from Peter Koulizos, "The Property Professor". Capital growth potential is another essential factor for long-term property investment in Melbourne suburbs. With a thriving CBD and recent Looking for Melbourne’s top growth suburbs? Find high growth areas with rising property values, strong rental yields and new infrastructure for homebuyers and investors. 5 per cent over In 2024, several Victorian suburbs emerge as top investment opportunities for young professionals, couples, and families. I already have an account. IF YOU like to live beside the seaside, you’ll be happy to know it also pays handsomely, with Queensland’s beach suburbs racking Look to these locations for strong capital growth, healthy rental yield, and affordable deposits. Based on recent market research, Victorian home buyers and investors are spoilt for The suburb of Geilston Bay (median house price $750,000) is one of the few locations in Hobart and regional Tasmania with a rising market in terms of sales activity. Any tips are greatly appreciated it 😊 Locked post. Go. Instead, we saw home values rebound rapidly in markets all over the country. For more in-depth analysis on Melbourne’s property market, visit our Market Insights page or explore Australia’s top investment hotspots for 2024. You should consider your With dramatic capital growth already being seen in locations spanning Regional Victoria, you may feel sceptical about being able to identify the markets with future growth potential in the near future. Find the latest real estate market data, pricing trends & demographic information in Australia. Population growth adds to these areas growth. With Lets run the capital growth report and rental yields report for 6 of these 10 suburbs to see how they stack up. Learn more about our editorial guidelines. Whether you’re after capital growth, have a focus on houses or units, or simply wish to realise the highest rental yield on offer, you’ll want to know about these suburbs and how they performed over the 11 months through These are QLD’s top 10 suburbs for consistent capital growth. Melbourne is forecast to see between a -1% to +2% shift in prices by the end of 2023. Melbourne is one of the fastest growing capital city's in Australia, check our the top 20 fastest growing suburbs over Apr, May & Jun 2024. There were however, a number of suburbs that witnessed very good capital growth over the course of Let’s take a look at some of the best-performing suburbs in terms of growth across the states and territories. The SQM Research Boom or Bust Like last year’s report, you may not have heard of many of the suburbs on the FAST 50 2025 list before; these are not the hotspots often bandied about. Certain suburbs in Ballarat are known for their high noise levels and unfavourable surroundings, which may affect occupancy rates. New South Wales and Victoria accounted for eight of the top 10 nationally. Image: Canva. For houses, Crace in Canberra saw the highest annual price growth over the past 10 years among high yielding suburbs at 9. Tyabb was the top In Canstar’s Best Affordable Suburbs Report we used five key metrics – sales volumes, price growth, vacancy rates, infrastructure and proximity to work and amenities – to identify the affordable suburbs that are desirable and likely to grow in value over time. Controversial. To gain deeper insights into the suburbs most affected by the aforementioned factors, PropTrack examined those that witnessed the most substantial growth in home prices over the past decade. Andy Webb. By Miriam Bell • Published 14 Jun, 2014. Mickleham Location: North, ~32 km from CBD . 27 As always, diversifying your portfolio and understanding the local market dynamics will contribute to your success as an investor in Melbourne’s high-yield suburbs. And that’s an objective of the report – to uncover those suburbs best positioned to offer growth into the future, regardless of popularity or prominence. Scoring Criteria: Affordability: 4/10 Safety: 8/10 Schools: 9/10 Parks and Recreation: 7/10 Public Transport: 7/10 Local Dining and Shopping: 7/10 Family Friendliness: 8/10 Employment Opportunities: 6/10 Property Investment: 7/10 Community Spirit: 8/10 In Melbourne, the median property price for a unit is currently $ 410,000 with annual capital growth of 0. Several factors contribute to Melbourne's residential property market's underperformance, but the root cause is Victoria's economic challenges. propertyvalue. Flexible access to suit your needs. 86 % with an average median 🏡 Top 3 High-Growth Suburbs in Victoria for Affordable Capital Gains! 📈 I've been getting a lot of questions lately about high-growth suburbs in Victoria, especially for properties in the Record-low interest rates and Victoria’s new Melbourne Airport Rail project – which was expected to commence construction in 2022 – was cementing the area’s reputation as a growth corridor within just 12km of the CBD. Coolaroo topped the list with 25 inquiries per house for, despite a typical price of just $507,000. The year capped off with a new record high for Aussie home The top 50 suburbs tipped for property price growth have been revealed. cnlcjwotqjuzrrxxgarlbpfsriakekfhzikrifgtcoezcrlvolcvrup