Top 10 investor hotspots in Australia

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Despite soaring property prices in Sydney and Melbourne, it's those two areas which are continuing to attract investors, according to Realestate.com.au’s Investor Hotspots report.

The report revealed the top 10 suburbs where the most people are searching, with Parramatta in Sydney's west coming out on top.  

Victorian suburbs Point Cook (25km south-west of the Melbourne CBD) and Carlton (2km north of the Melbourne CBD) came in second and third. 

The remaining suburbs from fourth to tenth place were Blacktown (NSW), Glen Waverley (VIC), Penrith (NSW), Frankston (VIC), Auburn (NSW), Brunswick (VIC) and Liverpool (NSW).

The Principal of the Parramatta LJ Hooker Nathan Sahyoun said investors Australia-wide are looking towards New South Wales and Victoria because they still have excellent investment opportunities.

“With the New South Wales government investing in Sydney’s west, it’s no surprise investors are interested in these areas,” said Sahyoun. 

“The increasing living opportunities, as well as the growing arts and culture hub are truly cementing long term capital growth in the area.

"With a second airport planned for Sydney’s west, I suspect investors will continue to flock to Parramatta for many years.”

Other vital pieces of infrastructure which should help transform Sydney's west include the WestConnex and the North West Rail Link. 

Paul Wolff, Director of Porter Davis Melbourne, said Point Cook is attractive to investors because of its value as a great suburb that's not to far from the Melbourne CBD. 

“Driving from Point Cook to Melbourne CBD only takes about half an hour which is really short compared to other investment areas including Werribee and Hoppers Crossing,” said Wolff.

“The proximity to the city is not only attracting investors, but also foreign and second and third home buyers."


 

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Top Suburbs : lockridge , collingwood , werribee , spearwood , revesby hts

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Comments
  • Peanut M and M's says on 06/05/2015 09:50:20 AM

    Developers create housing developments with tiny blocks, and the house fills the whole block. They jam in some poor people to pay off the mortgage of the investor. In the end, when the investor wants to sell, no family will buy it because there's absolutely no yard space for their kids to run around. They're not proper houses or communities. They're just shacks in faux suburbs ! The houses are JUST rentals !

    The only person STUPID enough to buy into these developments are investors seeking a yield and exploiting the poor. Its the privatized ghetto-ization of Australia - or the privatized housing commission suburb. And they talk about how Australia has high quality housing stocks ...... Really ? None of those investment properties ever gets a termite spraying - because it'll affect the bottom line of the investor.

    What makes it even more stupid, is the price per square meter of the tiny blocks is almost the price per square meter of a full sized block closer to the city.

    This is destroying Australia and destroying the concept of what a suburb and a community is supposed to be - its a place for families to live and grow. Not exclusively a vessel for property investors to exploit the poor or families.

    When the dust settles from this mess of "property investing", its more like "property trafficking", we'll be left with property investors with empty pockets, and worthless housing stocks on tiny blocks of land. Those houses will be orphans. If I wouldn't buy it to live in comfortably, why would I buy a shack as an investment property.

    Its perverse idea's and catchphrases of "investment property", or "Add this investment property to your portfolio", or "rental yield of X%" .........greed greed and more greed.

    Back in the day people bought a second house, but at least it was a house. Today, a house is not a proper house, its like a tonne of potatoes, or sugar, or wheat. One day people will wake up.

  • HomeOwner says on 07/05/2015 06:44:42 PM

    Your comment is beyond silly. Those terrace houses in the city or semis across the Mosmans of our city have far less outdoor space or interiir living than the new developments which by contrast provide far more living space for families than the older houses of yesteryear.

    I'm an owner and not an investor, enjoying my large beautiful home on a smaller block that's already prepared me for retirement, thanks to the increase in value. The family enjoy lovely parks and walking tracks as never experienced when we lived in older traditional suburbs on Sydney's north shore.

  • HomeOwner says on 07/05/2015 06:46:19 PM

    Your comment is beyond silly. Those terrace houses in the city or semis across the Mosmans of our city have far less outdoor space or interiir living than the new developments which by contrast provide far more living space for families than the older houses of yesteryear.

    I'm an owner and not an investor, enjoying my large beautiful home on a smaller block that's already prepared me for retirement, thanks to the increase in value. The family enjoy lovely parks and walking tracks as never experienced when we lived in older traditional suburbs on Sydney's north shore.

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