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Australia’s best rental spots revealed

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7 Aug

Australia’s best rental spots revealed

launch-admin Aug 7, 2014 0 1440

Media Release Australia 28 July 2014:

Onthehouse.com.au, Australia’s leading property portal, today released new predictions data, showing the top suburbs nationwide that hold strong investment opportunities for residential property buyers. The findings revealed that NSW dominated the list with four suburbs making the top 10, including Jerrabomberra, which is predicted to see the strongest capital growth in the next five years of over 10% per annum. This was closely followed by Morayfield in QLD, which is also predicted to grow over 10% per annum over the next five years. The WA suburb of Seville Grove came third on the list, followed by Ngunnawal in the ACT, both also predicted to grow by more than 10% over the same time period. VIC did not have any suburbs ranking in the top 10. The findings show that outer city regions provide the best investment opportunities – based on rental and capital returns. John Edwards, Consulting Analyst for Onthehouse.com.au, said: “Buying in a regional area might not be for everyone but with strong predicted growth and high rental yields, it’s certainly an option to consider. With more expensive areas, such as Sydney, outer city regions can be much more affordable – pair that with strong growth and it could be a good fit for investors wanting to get good rental returns and capital growth over time.” Calculated from rental yields and five year capital growth predictions, with industry surroundings, confidence ratings and employment opportunities taken into consideration, Onthehouse have identified the top 10 suburbs for investor returns in Australia: Ranking Suburb State Median Value Median Rent Median Rental Yield Predicted Capital Growth, 5 Years, %pa Avg. 1 Jerrabomberra NSW $612,500 $605 5.15% 10+% 2 Morayfield QLD $321,000 $335 5.47% 10+% 3 Seville Grove WA $367,500 $390 5.52% 10+% 4 Karabar NSW $461,500 $470 5.30% 10+% 5 Dalyellup WA $414,500 $410 5.15% 10+% 6 Ngunnawal ACT $392,500 $405 5.37% 10+% 7 Secret Harbour WA $482,000 $485 5.28% 10+% 8 Murrumba Downs QLD $419,000 $435 5.39% 9+% 9 Banora Point NSW $438,500 $455 5.44% 9+% 10 Medowie NSW $396,000 $385 5.10% 9+% Source: Onthehouse.com.au Mr Edwards commented: “Investors should be looking for locations that have good employment opportunities, education options, are well connected to transport and have planned developments in the area that will attract the population. The latest Best Rent Report highlights 58 areas around Australia that meet this criteria, each offering returns of better than 10% per annum.” Mr Edwards continued to explain that pairing data with local knowledge can be very powerful. “Our research draws on industry and environmental surroundings and employment opportunities, which will influence property prices. These areas are the suburbs we think will perform well. However, it’s crucial that buyers do their own personal research and build on this statistical information.” Further data and information on the best investment locations can be found in Residex’s Best Rent Report – which includes the top 58 areas around Australia with investment potential. The report is available here: http://www.residex.com.au/best-rent-report To view property reports for Jerrabomberra or any of the top suburbs, visit http://www.onthehouse.com.au/ -ENDS- Media contacts Ashford Pritchard: E ashford@launchgroup.com.au <mailto:ashford@launchgroup.com.au> / T 02 9492 1040 / M 0411 020 680 Laura Douglas: E laura@launchgroup.com <mailto: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.