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let areas revealed

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28 Oct

let areas revealed

launch-admin Oct 28, 2013 0 516

Media Release

 

Onthehouse.com.au unveils top suburbs for rental investments

 

Australia 28 October 2013: With property markets heating up across the nation, Onthehouse.com.au today released research from its property data experts Residex, showing the suburbs around Australia that present the top investment opportunities for residential property buyers, and the streets with the best renovation potential in these suburbs.

 

The findings show that savvy investors are targeting outer city regions, as they continue to deliver strong growth prospects for astute investors – based on rental and capital returns. While New South Wales continues to dominate returns charts, Australia’s top suburb is in Queensland. 

 

John Edwards, Consulting Analyst for Onthehouse and Founder of Residex, said: “There’s been a lot of noise in the media recently regarding the possibility that markets are overheating, especially in major metro areas like Sydney and Melbourne. However, with interest rates still low, investors who do their research will find some very attractive options.

 

“One of the oldest tricks of the trade that buyers shouldn’t forget about is looking for the worst house on the best street. Renovating a property can add immediate value if it’s done right.”

 

Calculated from rental yields and five year capital growth predictions, with industry surroundings, confidence ratings and employment opportunities taken into consideration, Onthehouse have identified 10 top suburbs for investor returns in Australia:

 

 

Suburb

Dwelling Type

State

Current Residex Median Value

 Current Residex Median Rental Yield

5 Year Predicted Growth, avg % p.a.

Total Return

Morayfield

Houses

QLD

$305,000

5.51%

10+%

15+%

Mount Annan

Houses

NSW

$465,500

5.65%

10+%

15+%

Sanctuary Point

Houses

NSW

$252,000

5.66%

10+%

15+%

Karabar

Houses

NSW

$457,500

5.61%

10+%

15+%

Berkeley

Houses

NSW

$303,000

5.92%

9+%

15+%

Katoomba

Houses

NSW

$335,500

5.63%

9+%

15+%

Ngunnawal

Houses

ACT

$408,000

5.78%

9+%

15+%

Seville Grove

Houses

WA

$360,000

5.61%

9+%

15+%

Clarkson

Houses

WA

$393,500

5.82%

9+%

15+%

Moss Vale

Houses

NSW

$383,000

5.60%

9+%

14+%

 

Residex models also drill down to a street level, with data suggesting that Morayfield’s Brewers Rd in Queensland offers the best opportunity to profit from home renovation. In New South Wales, Mount Annan’s Commelina Drive also offers exceptional renovation opportunities.

 

Some of the top streets with renovation potential:

<![if !supportLists]>·         <![endif]>QLD: Morayfield’s Blewers Rd

<![if !supportLists]>·         <![endif]>NSW: Mount Annan’s  Telopea Circut

<![if !supportLists]>·         <![endif]>WA: Seville Grove’s Glasgow Way

Mr Edwards commented: “While we have full confidence in our statistical models, it is vital that the data is paired with insights and local knowledge. Our models have indicated that these areas are the top picks of markets we think are going to perform well – but only by building personal knowledge can investors really make an astute purchasing decision.”

 

“Today buyers have a number of sources to turn to, from their local property agents to information available online. At Onthehouse, our primary goal is to share information for free and help buyers discuss this information with local experts to make informed decisions.”

 

Further data and information about the top areas for investment can be found in Residex’s Best Rents Report, which is available here: http://www.residex.com.au/best-rent-report

 

Or Residex’s street level analysis in the Renovation Suburb Report, which is available here: http://www.residex.com.au/renovator-reports

 

To view property reports for Morayfield or any of the top suburbs, visit onthehouse.com.au

 

-ENDS-

 

Media contacts

Ashford Pritchard: E ashford@launchgroup.com.au  / T 02 9492 1040 / M 0411 020 680

Laura Douglas: E laura@launchgroup.com / T 02 9492 1000 / M 0452 505 859

 

About onthousehouse.com.au

www.onthehouse.com.au is Australia’s most transparent and comprehensive real estate portal, empowering consumers to make informed property decisions by providing them with free access to information. Over 1 million unique browsers visit onthehouse.com.au every month to search listings and view in-depth property data, making it Australia’s third most popular real estate platform.

 

Onthehouse.com.au is the flagship consumer offering of Onthehouse Holdings (ASX:OTH), the 360-degree property market services group that provides comprehensive real estate agency solutions, information and analytics services. Onthehouse Holdings businesses together help over half of Australia’s real estate agencies, as well as being used by financial institutions and other property-related professionals.