Shock of real estate: the winners of the Australia exposed – realestate.com.au

Forget the usual suspects of Sydney and Melbourne – The Australia real estate market has yielded a number of really amazing surprises, with new, excluding research that indicates the real hotspots of the nation where houses fly out of the shelves and prices rise.

And if you are looking for a Goldmine of a property, you will probably look into the wrong states.

A new hotspotting analysis has unveiled the “most popular” real estate markets throughout the country, which shows that three states -South -Australia, Queensland and West -Australia -dominate the best artists.

It is crucial that these are not the traditional expensive capital cities, but rather affordable areas that produce exceptional returns.

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Hotspotting director Terry Ryder explained that their research carefully considered locations with a powerful combination of factors: low days on the market, minimum vacancy, fixed rental yields and a consistent history of the growth of real estate prices.

“With the exception of Crafters in the Adelaide, all other suburbs have median prices below $ 1 million for houses, and far below that for units again,” he said.

In particular, all top performers are located outside of New South Wales and Victoria.

Load of the load, in a draw for the number one position, are units in Douglas, Townsville. These units are broken on the market in an average of 13 days, have a median unit price of only $ 350,000 and have seen an impressive price growth of almost 17 percent in the past year.

The top position share his houses in Joondalup, Perth, who also absorbs a sizzling 13 days on the market.

With a median house price of $ 901,000, these houses went through nearly 12 percent average price growth in the past year.

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Adelaide and the Adelaide Hills were prominent on the list. Image: Brenton Edwards

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Other striking artists are Hawthorndene in Mitcham, South Australia, with houses selling in just 14 days and DoubleView in Stirling, Perth, where property is on average on the market for 16 days.

Mr. Ryder’s findings strongly support his long -term hypothesis: it is the more affordable real estate markets and regions that consistently produce the best price growth in the medium to long term.

“It is very unlikely that many ownership people have chosen Acacia Ridge in Brisbane or Port Willunga in Adelaide to be a market a few years ago, but here we are,” he said.

“Not only are all these markets currently hot, but they have registered an above -average annual average price growth in the last five years – ranging from 7.18 percent in Douglas to 15.88 percent in Port Willunga.

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Brisbane and Regional Queensland, including Townsville, were also marked as “hot” suburbs.

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“Every buyer and investor of real estate would be very happy with this kind of growth of real estate, but many have probably bought in many more expensive markets.”

PIPA chairman Lachlan Vidler emphasized another critical aspect of these thriving markets: their incredibly tight rental conditions.

“Another meaningful element of this study is the fact that each of the best locations has a vacancy of less than two percent, such as some, such as Hawthornendene, DoubleView and Shaw, who records a vacancy of zero,” he said.

“An vacancy of three percent is considered a balanced rental market and these top 10 areas are by no means near that level, and therefore their rents have also risen in the past year, including 17 percent in Acacia Ridge and 28 percent in Crafters.”

Mr. Vidler said that more investors also took a national vision when considering to buy.

“Working with qualified professionals in the real estate investment, who have a license in the correct license in the states and areas in which they work, and have a lot of experience and have successful results for their customers, is necessary to prevent expensive errors when purchasing in unknown or interstate markets.”