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10 Melbourne suburbs to recommend to investors in 2016

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10 Melbourne suburbs to recommend to investors in 2016

SQM Research’s Housing Boom and Bust Report 2016 predicts that Melbourne’s property market is poised to overtake Sydney’s in 2016, with a rise in housing prices of between eight and 13 per cent forecasted for Victoria’s capital.

If you have clients interested in trying their hand at property investment in Melbourne in 2016, now could be the perfect time to buy with an ongoing robust Melbourne housing market and with housing prices on the up tipped by respected property analyst Louis Christopher.

Here are 10 hot Melbourne suburbs, their key stats and major drawcards to pass on to investors or prospective buyers. 

Depending on your client's financial goals and investment strategy we’ve divided up our top Melbourne suburbs worth considering based on:

  • areas with solid rental yields for investors looking for income producing properties,
  • suburbs with good 12-month growth rates for investors looking for prospects with strong price growth
  •  and affordability, for investors looking to snap up a bargain.

The statistics presented, including median house price (MHP), 12-month growth and rental yield (RY), are from CoreLogic RP data accessible via Your Investment Property's Suburb Profile Reports.

10 Melbourne suburbs to recommend for investment in 2016:

Good annual growth

Mount Waverley

Stats: $1.96 million MHP, 45.28% 12-month growth and 1.95% RY.

Drawcards: Family-friendly, 16km from the CBD, large block sizes, golf club, cinema, good public transport, schools, parks and shopping centre.

Box Hill South

Stats: $1.10 million MHP, 32.12% 12-month growth and 2.08% RY.

Drawcards: Suited to young families, under 20km from the CBD, good for schools and childcare, golf course, healthcare facilities, close to parks and reserves.

Balwyn North

Stats: $1.70 million MHP, 21.41% 12-month growth and 1.68% RY.

Drawcards: Under 17km from the CBD, family-friendly, good schools and parks.

Solid rental yield

Melton South

Stats: $244,000 MHP, 4.72% 12-month growth and 5.65% RY.

Drawcards: Affordable, train station, family-friendly, schools, childcare, Victoria University campus, fast internet and golf course.

Wallan

Stats: $345,000 MHP, 1.47% 12-month growth and 4.97% RY.

Drawcards: Train station, suited to families with kids and retirees, small town feel and good schools.

Carrum Downs

Stats: $360,000 MHP, 5.03% 12-month growth and 4.91% RY.

Drawcards: Good schools and childcare, parks and dog parks, shopping centres, library, close to the beach and Peninsula Link.

Mooroolbark

Stats: $516,250 MHP, 10.29% 12-month growth and 3.88% RY.

Drawcards: Suited to young couples and young families, large block sizes, fast internet, close to the Yarra Valley and Dandenong Ranges, indoor swimming pool, good schools, parks, public transport, dining and shopping.

Affordability

Melton

Stats: $249,000 MHP, 3.75% 12-month growth and 5.43% RY.

Drawcards: Affordable, large blocks, public transport, shops, suited to families and retirees, schools, childcare, Victoria University campus, fast internet and golf club.

Officer

Stats: $380,000 MHP, 17.11% 12-month growth and 4.79% RY.

Drawcards: Affordable, good schools, family-friendly, public transport, close to shopping centres and freeway access.

Frankston

Stats: $405,000 MHP, 9.46% 12-month growth and 4.30% RY.

Drawcards: Affordable, beachside suburb, bay views, family-friendly, Arts Centre, shopping centre, restaurants and cafes, proximity to the Mornington Peninsula, parks, walking tracks, good medical facilities and schools.   

Do you have your eye on any other other growing Melbourne markets for investment in 2016? Please share them below.

 

Happy selling!

From the Homely Team

 

About Homely:

Homely is a new way to search for real estate for sale and properties to rent in Sydney and across Australia. With over 330K listings and 500K local reviews and insights, Homely is a faster and easier way to search for property to buy and rent in Australia.

Check out our suburb reviews and Q&A pages to see what everyone is talking about!

 

We'd like to hear from you!

If you enjoyed this blog leave a comment below and share it with your friends. Please respect the public forum and refrain from posting any expletives or hateful comments as they will be removed. We're always on the look out for guest bloggers and would like to receive your feedback, so feel free to get in touch at marketing@homely.com.au.

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10 Sydney hotspots to recommend to investors in 2016

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10 Sydney hotspots to recommend to investors in 2016

The NSW excerpt from the 2016 January Market Report on Your Investment Property Mag says that ‘there’s no doubt that Sydney has been the capital growth performer over the last two years’ having undergone an 'economic renaissance' of runaway capital growth.

Tim Lawless, director of CoreLogic RP Data, reports that Sydney property prices have increased by 49.6 per cent since 2012, a boom by anyone’s measure.

If your clients are concerned about buying or investing in Sydney fearing this rapid rate of growth may wane in due course, AMP’s Shane Oliver offers some reassurance stating that ‘Sydney is resilient; it’s set to remain as the strongest performing state economically, with strong immigration flows’ and assuming interest rates remain low.

So if you have clients keen to get into the Sydney property market or want to add to their investment portfolio in 2016 here are 10 hot Sydney real estate markets, their key stats and major drawcards to recommend to investors.

Depending on your client's personal investment strategy we’ve divided up our top Sydney suburbs worth watching based on:

  • areas with solid rental yields for clients looking for income producing properties,
  • suburbs with high capital growth rates for investors looking for strong prospects for price growth in the long-term
  • and affordability, for investors looking to snap up a bargain in up and coming neighbourhoods.

The statistics presented, including median house price (MHP), average annual capital growth rate (CGR) and rental yield (RY), are from CoreLogic RP data accessible via Your Investment Property's Suburb Profile Reports.

10 hot Sydney real estate markets for investment in 2016:

Solid rental yield

Forestville

Stats: $1.34 million MHP, 7.23% CGR and 3.29% RY.

Drawcards: Family-friendly, great schools, public transport (buses), close to the beach, parks and rec, a safe and peaceful area.

Tempe

Stats: $971,000 MHP, 7.29% CGR and 3.37% RY.

Drawcards: Close to Newtown and Sydney University, 10km from the CBD and high rental demand, great for couples, singles and families. 

High capital growth

Thornleigh

Stats: $1.152 million MHP, 8.24% CGR and 2.71% RY.

Drawcards: 26km from the CBD, good proximity to schools, public transport, family-friendly, also good for professionals, singles and retirees. 

Parramatta

Stats: $1.09 million MHP, 10.72% CGR and 2.34% RY.

Drawcards: high rental demand, 24km from the CBD, young up and coming area, residents have an average age of 30, great for sport fans, shopping, cinemas, farmers' market, cafes, restaurants and public transport. 

Kingsford

Stats: $1.8 million MHP, 9.71% CGR and 2.31% RY.

Drawcards: Soon to have light rail services, close to UNSW and the beach, good medical facilities, suited to young professionals and families.

Asquith

Stats: $1.129 million MHP, 9.41% CGR and 2.76% RY.

Drawcards: Approx 30km from CBD, good for parks and rec, peaceful and safe, good area for retirees, professionals, singles, families and students.

Dulwich Hill

Stats: $1.3 million MHP, 8.85% CGR and 2.88% RY.

Drawcards: 10km from the CBD, great public transport (light rail, train and buses), close to Merrickville and Cooks River, family-friendly, popular with young singles, good shopping, schools, medical facilities, restaurants and cafe culture. 

Affordability

Kingswood

Stats: $471,000 MHP, 2.57% CGR and NA RY.

Drawcards: Public transport (train station), peaceful and quiet area, close to the UWS campus, Nepean Hospital, good shopping options, schools, suited to students, families and professionals.

Ambarvale

Stats: $484,000 MHP, 5.81% CGR and 4.19% RY.

Drawcards: Gyms, fitness, parks, shopping, childcare, public transport, medical facilities, suited to families, professionals, singles, students and retirees.

Potts Point

Stats: $590,000 median unit price, 5.06% CGR and 4.41% RY.

Drawcards: 3km to CBD, great waterfront views, cafe culture, nightlife, suited to professionals, singles and students, good public transport (train, bus and ferry access).

Do you have any other hot up and coming areas in Sydney to recommend for investment in 2016? Please share them below.

 

Happy selling!

From the Homely Team

 

About Homely:

Homely is a new way to search for real estate for sale and properties to rent in Sydney and across Australia. With over 330K listings and 500K local reviews and insights, Homely is a faster and easier way to search for property to buy and rent in Australia.

Check out our suburb reviews and Q&A pages to see what everyone is talking about!

 

We'd like to hear from you!

If you enjoyed this blog leave a comment below and share it with your friends. Please respect the public forum and refrain from posting any expletives or hateful comments as they will be removed. We're always on the look out for guest bloggers and would like to receive your feedback, so feel free to get in touch at marketing@homely.com.au.

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Why you should recommend regional hotspots to first time investors

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Why you should recommend regional hotspots to first time investors

In April 2015 a report on Property Observer by Terry Ryder, the founder of hotspotting.com.au, revealed the reasons investors should be looking beyond shallow media figures and blue-chip suburbs (those located within 5 to 10 kilometres of the city’s CBD) to find the best places to invest.

Based on Hotspotting’s regular research and analysis, Ryder suggests regional centres consistently provide investors with much higher rental yields than properties in major cities and are the best locations for long-term capital growth. “The top 10 locations for the best growth averages over the past 10 years are all regional centres”, Ryder says.  

A great way to help buyers looking for an investment property on a low budget who want good rental returns is to recommend looking at property in regional hotspots.

For example, Ryder shows that the best growth rate over the past year in the Queensland property market occurred 1,700 kilometres north of Brisbane, where several suburbs of Cairns recorded a median price growth above 20 per cent.

As with any type of investment, always caution buyers to thoroughly research a number of areas before investing. They should be on the lookout for regional locations with rapidly rising populations, large-scale infrastructure projects in the works and a burgeoning local economy.

What are the regional areas and suburbs worth looking into?

Queensland

·      Cairns

·      Toowoomba

·      Rockhampton

·      Sunshine Coast

·      Townsville

·      Mackay (South Mackay)

·      Gladstone (West Gladstone)

New South Wales

·      Wollongong

·      Dubbo

·      Tamworth

·      Goulburn

·      Newcastle (Merewether)

·      Terrigal

·      Hunter Valley

·      Southern Highlands (Bowral, Kiama and Moss Vale)

·      Albury (North Albury and Lavington)

Victoria

·      Wodonga (West Wodonga)

·      East Gippsland

·      Yarra Ranges

·      Bendigo

·      Ballarat

·      South Morang

Western Australia

·      Margaret River

·      Narrogin

South Australia

·  Port Lincoln

·  Mount Gambier   

Northern Territory

·  Gunn

·  Durack

Tasmania

·  Glenorchy

·  Chigwell

·  Stanley

·  Smithton

On the whole the right kinds of regional areas can be very appealing for investors especially if they have a growing population, a strategic location, a robust and diverse economy.

If chosen wisely regional properties offer investors a good opportunity to break into the market thanks to being more affordable than capital cities and blue-chip suburbs, offering better rental yields than capital cities and good prospects for future capital growth.

Are there any regional areas in your state you predict will heat up? Please share below in the comments section.

 

Happy selling!

From the Homely Team

 

We'd like to hear from you!

If you enjoyed this blog please leave a comment below and share it with your friends. We're always on the look out for guest bloggers and would like to receive your feedback, so feel free to get in touch at marketing@homely.com.au.

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