First published 21/05/2013
Your Investment Property and the team at TheNextHotspot.com.au reveal the hottest areas where retailers and airlines are expanding aggressively and where you should be looking too
WHERE AIRLINES ARE OPENING NEW ROUTES
Sydney-Dubbo: Qantas will add eight more flights to a total of 58 services per week.
Sydney-Gladstone: Qantas will start eight return flights a week.
Perth facilities: Qantas is expanding its Perth facilities.
Singapore- Perth: Jetstar has announced an additional six flights a week between Singapore and Perth.
Sydney-Tamworth: Qantas will add eight flights a week between Sydney and Tamworth, including a $400,000 expansion to its terminal facilities.
Melbourne – Hobart: Qantas will add an extra seven flights per week.
Melbourne – Launceston: Qantas plans to add an extra 11 flights per week to service tourism.
Sydney-Gold Coast: Qantas will reintroduce its full service flights between Sydney and Gold Coast in support for the joint Qantas and GC Tourism initiative.
Melbourne- Perth: Qantas announced it has expanded the number of its return flights to 68 from 44 airbuses.
WOOLIES AND COLES STORES OPENING
Woolies are about to open or have recently opened shops in the following suburbs, which means these areas have already passed the population and future ongoing demand test and are worthy of a closer look.
Minto, NSW: Woolies announced it will open a new store in the redeveloped Minto Marketplace set to finish by December 2013. Located 48km southwest of the Sydney CBD, Minto is one of the larger suburbs of the Campbelltown local government area with a population of 10,307.
North St Marys, NSW: A working class suburb of the Penrith LGA, North St Marys is seeing a flurry of developments that are set to transform the suburb and boost its appeal to both homebuyers and renters. The construction of the Masters Home Improvement Centre has already started. This highly anticipated multi-million dollar development, will house a Woolies store.
Maribyrnong, Vic: A Woolies supermarket opened at the Highpoint City Shopping Centre in October 2012, which indicates the retailer is confident with the suburb’s fundamentals. Located 8km from the Melbourne CBD, Maribyrnong City is one of the fastest growing areas in the state with population rising by an average of 1.91% per annum over the past 10 years.
Lyndhurst, Vic: Woolies opened a store in Marriott Waters Shopping Centre in February 2013. Located 38km from the Melbourne CBD and just 5km from the economic hub of Frankston, Lyndhurst is certainly a suburb to watch.
Mayfield East, NSW: Coles submitted development approval for a $13m shopping complex in October 2012, cementing the suburb’s desirability for both residents and businesses. Five kilometres from Newcastle CBD, Mayfield East boasts a number of shops, schools, park and a TAFE campus.
Busselton, WA: Located just a short distance from Margaret River, Busselton is one of Western Australia’s most popular tourist destinations. Woolies opened a new store there at the end of last year, signalling its confidence in the area’s economic viability.
Brookwater, Qld: Brookwater, an emerging suburb of Ipswich, Queensland, is currently experiencing a flood of developments, ranging from real estate to commercial. Woolies added to the growing list of businesses expanding in the area, by opening its $15m store in the new $30m Brookwater Village Shopping Centre in February this year.
BUNNINGS STORES OPENING
Mentone, VIC: Mentone houses the biggest Bunnings store in Victoria. The giant, $75m Bunnings store opened in June 2012, creating more than 100 new jobs for residents.
Warragul, vIC: The rural town of Warragul is located around 103km south east of Melbourne. The town’s economy is largely supported by agriculture and is one of the biggest milk suppliers for Melbourne. With Bunnings opening its door in the area, the area’s economic credentials are further enhanced.
Goulburn, NSW: Bunning’s choice of Goulburn to open one of its warehouses is no surprise. The suburb has a large and growing population base and boasts a broad range of employment opportunities thanks to the local hospital, a maximum security jail and the NSW Police Academy.
Singleton, NSW: Singleton is attracting a large number of new residents lured by the job opportunities in the resources sector. The town is surrounded by pastures, vineyards and national parks making it desirable for families as well.
Armadale, WA: Armadale’s reinvigoration has attracted Bunnings, who recently opened its doors in the suburb. With excellent transport links and amenities, the suburb’s growing appeal to homebuyers is evidenced by its rising population.