Interactive maps unveil top 10 suburban areas with hidden investment potential
Ten interactive maps will guide property investors to the top suburbs that border their pricier neighbours and offer strong property investment prospects, as well as interactive map data on hundreds of surrounding areas.
Australia’s real estate market is a mosaic of diverse opportunities, and savvy investors are always on the lookout for suburbs that offer significant growth potential.
In this detailed exploration, we uncover ten such suburbs, each with unique attributes yet collectively promising for investors.
These suburbs are not just remarkable for their relatively lower median house prices compared to their affluent neighbours, but also for their robust socio-economic profiles and high House Investor Scores.
1. Hughes, ACT (Woden Valley, Australian Capital Territory): Nestled in Woden Valley, Hughes showcases a median house price of $1,285,000, about 15 per cent lower than neighbouring suburbs.
Its high SEIFA index* of 10 and a solid House Investor Score of 82 underscores its socio-economic prosperity. With a rent affordability of 27 per cent, Hughes offers a balanced investment profile with a yield of 3 per cent.
*Socio-Economic Indexes for Areas (SEIFA) is a product developed by the Australian Bureau of Statistics that ranks areas in Australia according to relative socio-economic advantage and disadvantage.
2. Shoal Point - Bucasia, QLD (Mackay - Isaac - Whitsunday): Located in the Mackay region, these suburbs offer a median price of $450,000, 19 per cent lower than adjacent areas. With a rental yield of 6 per cent and a vacancy rate now of 0.23 per cent, they represent promising investment hotspots. The House Investor Score of 81 reflects their stable and attractive market.
3. Parkwood - Ferndale - Lynwood, WA (Perth - South East): In Perth’s South East, these suburbs present a median house price of $585,000, 30 per cent lower than adjacent areas. They offer a rent affordability of 34 per cent and a yield of 5 per cent, making them an investor’s haven, with an Investor Score of 80.
4. Tiwi, NT (Darwin Suburbs): As part of Darwin suburbs, Tiwi stands out with a median price of $532,500, 28 per cent lower than nearby areas. It offers a rent affordability of 30 per cent and a yield of 6 per cent, with an Investor Score of 80 and a SEIFA index of 7 signifying robust market health.
5. Blackburn South, VIC (Whitehorse - West, Melbourne - Inner East): In Melbourne’s Inner East, Blackburn South offers a median price of $1,335,000, 8 per cent lower than neighbouring areas. Despite a lower yield of 2 per cent, its high SEIFA index of 8 and Investor Score of 79 suggest substantial growth potential.
6. Bundoora - East, VIC (Banyule, Melbourne - North East): Bundoora in Melbourne North East features a median price of $860,000, 15 per cent lower than surrounding areas. With a yield of 3 per cent and a SEIFA index of 6, it scores 79 on the House Investor scale, marking it as a sound investment choice.
7. Brinsmead, QLD (Cairns - North): In Cairns - North, Brinsmead’s median price of $625,000 is 17 per cent lower than nearby suburbs. It offers a yield of 5 per cent, rent affordability of 30 per cent, and an Investor Score of 79, making it an attractive investment location.
8. Adamstown - Kotara, NSW (Newcastle and Lake Macquarie): These Newcastle suburbs have a median price of $945,000, 10 per cent lower than adjacent areas. A yield of 4 per cent and a SEIFA index of 7, along with an Investor Score of 78, make them an appealing investment choice.
9. Alderley, QLD (Brisbane Inner City): In Brisbane’s Inner North, Alderley’s median house price is $1,250,000, 25 per cent lower compared to nearby suburbs. With a yield of 3 per cent, a SEIFA index of 9, and an Investor Score of 78, it’s ripe for investment.
10. Engadine, NSW (Sydney - Sutherland): In Sydney's Sutherland area, Engadine’s median house price of $1,325,000 is 10 per cent lower than its neighbours. With a rent affordability of 35 per cent, it's slightly less affordable but moderate compared to most Sydney suburbs today. Despite a yield of 3 per cent and a SEIFA index of 9, its Investor Score of 77 indicates solid potential.
In summary, these ten suburbs offer a fascinating mix of investment opportunities.
They blend favourable pricing, strong socio-economic standings and high Suburbtrends investment scores, representing hidden gems in the Australian property market. These suburbs are poised for growth and offer promising returns on investment.
For investors looking to capitalise on emerging trends and untapped potential, these suburbs present a compelling case for their next real estate venture.
With their diverse locations spanning from bustling city centres to serene coastal regions, these suburbs not only offer financial returns but also a variety of lifestyles and community environments.
This blend of economic potential and quality of life makes them especially attractive to a broad spectrum of investors and homebuyers.
As the Australian real estate market continues to evolve in 2024, these suburbs stand out as beacons of potential across many budgets, ready to be explored and capitalised upon.
