on 9/27/2018
Two things are always true about real estate investing. First: there is no sure thing. Secondly, although the first point may be true, there are several things you can do to maximize your chances of financial success.
Regarding the choice of an investment property, many investors used to use a strategy of purchase and retention. Often, it really meant "playing and praying" because they did not do any research to determine the fundamentals of their investments.
For example, how many people do you know who bought an investment property in their own neighborhood? It may be convenient, but it does not make it the most strategic investment choice.
Only when you pay attention to numbers can you become seriously strategic in your investment decisions. By leveraging long-term data and applying key criteria, investors can improve their chances of creating wealth through real estate – as the owners of these 143 suburbs have done over the years. years.
Let's be clear, these suburbs did not always show ownership, nor did they value linearly.
Ownership cycles are always moving, sometimes forwards, sometimes backwards, and sometimes very slightly. The hotspots on this list may have experienced periods of soft, even retrograde growth, but in the long run they have behaved at the pinnacle of all Australian suburbs.
By applying your own due diligence when buying your property, you can get the most significant gains and the most profitable results. In this special report, we present real data prepared by CoreLogic to showcase dozens of suburban Australian suburbs that have performed above average and have provided real wealth to homeowners over the past two decades. *
CHECKLIST OF LONG-TERM PROPERTY INTERVENERS
Location
The old cliché 'location, location, location' sounds right for a reason. Whether you are a young professional, an established family, a student, or a baby boomer, it's a good idea to live near public transportation, convenience and recreation
Demography
Does the region have a general appeal, with homeowners proud of their home and a steady stream of tenants? Suburbs with these two demographic characteristics tend to attract the greatest attraction (and the highest growth) in the long run.
Population
In order for local real estate demand to stay ahead of supply, the region must have a growing population. If the population shrinks, this translates into fewer new equipment and infrastructure and less pressure on housing prices.
Procurement
Limited supply levels are critical to real estate price growth. If it is possible to continue to increase, the supply is not as limited and capital growth is slowing down.
SOUTH AUSTRALIA
ENFIELD
Median price: $ 438,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 8.4%
GROWTH OVER 12 MONTHS: 9.5%
Eight kilometers north of central Adelaide, Enfield is part of the Port Adelaide City Council, established in 1996 during the merger of the city of Enfield and the city of Port Adelaide. .
This is an old neighborhood, where renovators have many opportunities to get noticed, although new homes appear more and more as development takes off in the suburbs. Enfield blocks tend to be larger, with subdivisions becoming commonplace.
Young families flock to the renovated suburbs and enjoy the beautiful schools and sports facilities on offer. The shops and restaurants abound and, with the beach only 20 minutes drive away, Enfield is a truly versatile place.
There is also a strong rental market, because of the relative affordability of homes here compared to neighboring suburbs.
The value of Tranmere has increased by more than 15% in the last three years
TRANMERE
Median price: $ 700,500
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 9.0%
GROWTH OVER 12 MONTHS: 6.9%
Tranmere, a popular suburb of the city of Campbelltown, has seen its prices rise by more than $ 500,000 over the past two decades.
The compound growth rate for this period was 9%, with growth of 6.9% from January to March 2018. Named after a town in Cheshire, England, Tranmere has existed since the 1830s and has heritage sites such as Maison Tranmere.
There are different types of properties here – modern townhouses, characterful units and mansions. The poets' corner is a neighborhood in the suburbs that has always welcomed wealthier residents.
The Gums Recreation Field is the largest park in the suburbs. It includes a children's playground, a collection of gum trees, shelters, a war memorial and a garden of recollection.
There are also walking trails and open spaces. The Firle Mall is nearby, as are the Magill schools, its neighbor. Adelaide Metro buses facilitate travel to Adelaide Central Business District.
VICTORIA
BRAYBROOK
Median price: $ 750,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 12.1%
GROWTH OVER 12 MONTHS: 21.0%
Braybrook, located 10 km west of Melbourne's central business district, was initially an industrial suburb. It has evolved in recent years to become a mixed-use area, thanks to the gentrification of the western suburbs of Melbourne.
For several decades, Braybrook, which stops the prejudices associated with western West, hosts many new residential developments and is a favorite haunt for first-time homebuyers, due to its affordable price.
Families have a number of early childhood centers and schools to choose from in the suburbs, and there are opportunities to communicate with their neighbors at the Braybrook Community Center.
The suburbs have two shopping centers, Central West Plaza and Braybrook Plaza, as well as many small shopping streets. Although Braybrook has been described as a disadvantaged and low-employment area in the past, rising real estate prices point to a change in the demographic makeup of Braybrook and the surrounding suburbs.
BLAIRGOWRIE
Median price: $ 950,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 11.7%
12-MONTH GROWTH: 19.5%
Blairgowrie, a lively, bustling suburb that has been gaining ground since 1998, seems to maintain its long trend of positive price growth.
With an annual growth rate of nearly 20% in March 2018, homes in Blairgowrie saw their prices rise from $ 103,500 in March 1998 to nearly $ 1 million two decades later.
The compound growth rate for this period was striking at 11.7%. Blairgowrie is a remarkable travel destination on the Mornington Peninsula, southeast of Melbourne, between the famous seaside resorts of Rye and Sorrento.
Visitors come to the beaches overlooking Port Phillip Bay, and Blairgowrie is considered to be Port Phillip's most popular recreational dive spot. The cliff-top hiking trails in the Mornington Peninsula National Park provide hikers with incredible views of Pelly Point and the water while they cross sand dunes to get their bearings. go to the beach. Cafes and shops serve tourists and residents.
FOOTSCRAY WEST
Median price: $ 472,500
PROPERTY TYPE: UNIT
GROWTH COMPOSED OVER 20 YEARS: 10.8%
12-MONTH GROWTH: 13.7%
West Footscray has been touted as the center of Melbourne's new wave of gentrification. Just 7 km from the CBD of Maribyrnong City, it is a multicultural suburb with many cafes and restaurants serving food from around the world.
The main shopping district is the village of Barkly, which has an independent supermarket and a number of ethnic grocery stores. West Footscray is also home to a newly built community center.
First homebuyers are turning to Footscray for affordable housing as they are priced at prices comparable to similar suburbs elsewhere in Melbourne. Young families, professional couples and hipsters move around the area, attracted by short trips and colorful atmosphere.
Housing is a mix of pre-war homes requiring renovation, renovated Victorian bungalows and new construction, with a banal allotment. High density housing also increases here.
BONBEACH
Median price: $ 600,000
PROPERTY TYPE: UNIT
GROWTH COMPOSED OVER 20 YEARS: 10.1%
GROWTH OVER 12 MONTHS: 16.5%
About an hour's drive south of Melbourne, the Bonbeach suburb is a major player in the Victoria market. Since March 1998, unit values ​​have increased on average by 10.1 per cent per annum, from $ 87,000 to $ 600,000.
In March 2018, the growth of the last 12 months had exceeded the 16% mark. True to its name, Bonbeach is renowned for its white sand beach and relaxing atmosphere. Cafes have sprung up in recent years and Bonbeach Elementary School is located here.
Since it was rezoned in Bonbeach, the popular Patterson River Country Club has enhanced the attractiveness of the suburbs. Although amenities are limited, Bonbeach is close to shopping in the suburbs like Chelsea and Carrum.
Port Phillip is another neighbor of Bonbeach and it is easy to get to these areas by bus or from the local train station, stop on the Frankston line.
Gentrification transforms the western suburbs of Melbourne
QUEENSLAND
UNDERWOOD
Median price: $ 555,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 9.1%
12 MONTH GROWTH: 4.7%
Underwood is a southeastern suburb of Brisbane, located approximately 19 km from the city center, in the local Logan Council area.
The suburbs are home to several large industrial areas and commercial and retail developments. Residential housing is a mix of older homes and new areas of architectural design, as well as a number of properties that once belonged to the Housing Commission and have since been sold to private buyers.
There are a handful of multi-million dollar mansions in Underwood, but even the owners of smaller homes are very proud of the presentation of their home. Well maintained lawns are the norm and residential improvements a common hobby.
The multiplicity of shops and the proximity of the M1 and M2 motorways helped to boost value in Underwood, with stores such as Bunnings and the IKEA store, popular with home improvement enthusiasts.
CAMP HILL
Median price: $ 899,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 9.4%
GROWTH OVER 12 MONTHS: 6.4%
Located 6 km southeast of CBD Brisbane, the suburb of Camp Hill has come a long way in 20 years, with growth of 9.4% over this period.
The median price is close to $ 900,000, after an annual growth of 6.4% in March 2018. For many residents, Camp Hill is a suburb that has it all. It has excellent facilities including a thriving gastronomic scene and a shopping center at Samuel Village.
Residents have access to good schools, such as those in Holland Park, and are well served by buses stopping at Old Cleveland Road.
GREENSLOPES
Median price: $ 453,000
PROPERTY TYPE: UNIT
GROWTH COMPOSED OVER 20 YEARS: 6.9%
GROWTH OVER 12 MONTHS: -3.6%
Greenslopes, just 5 km southeast of CBD Brisbane, is a multicultural and green suburb ideally located close to the highway.
One of Brisbane's largest hills, Stephens Mountain, is located in Greenslopes behind the local private hospital, while shopping malls are located at the Greenslopes Mall on Logan Road.
There are several pre-war character homes in the area, but redevelopment has seen larger blocks of housing built in recent years. The demolition and renovation of old properties are strictly regulated by the Brisbane City Council, with the aim of preserving the charm of the area.
ANNERLEY
Median price: $ 465,000
PROPERTY TYPE: UNIT
GROWTH COMPOSED OVER 20 YEARS: 7.5%
12 MONTH GROWTH: 11.0%
Over the two decades to March 2018, Annerley's compound growth was 7.5% and its median unit value increased by more than $ 300,000 over this period. Annerley offers a tranquil suburban atmosphere while being close to Brisbane's central business district.
The suburb hosts events such as the Annerley Junction Christmas Fair and presents a praised gastronomic scene. There are several schools here, including the Junction Park Public School, Mary Immaculate Catholic Elementary School and Notre Dame College. The Princess Alexandra Hospital is nearby.
NEW SOUTH WALES
CURRANS HILL
Median price: $ 655,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 11.6%
12 MONTH GROWTH: 9.0%
Located about 60 km southwest of the Sydney CBD, Currans Hill is part of the Macarthur area. The suburbs began as farmland and were converted into a residential area by subdivisions in the 1990s.
There are still pockets of undeveloped land to the north and east of the suburbs. With recent developments improving infrastructure and shopping in the area, Currans Hill is popular with families looking for a peaceful and friendly neighborhood in which to raise their children.
Single-detached houses make up the majority of dwellings, with most houses with three or more bedrooms.
There are houses of all sizes, but the dominant theme is the relaxed, low-maintenance life. The large number of parks, bike paths and walking trails means that a back yard is optional and that the nearby M1 Hume Freeway, allows for a reasonable commute to the city.
BRONTE
Median price: $ 1,400,000
PROPERTY TYPE: UNIT
GROWTH COMPOSED OVER 20 YEARS: 8.0%
GROWTH OVER 12 MONTHS: 24.4%
Less than 30 minutes drive from Sydney CBD, the suburb of Bronte is a welcome respite from the bustling city.
It is located on the coast, along Nelson Bay, and the local beach is bounded by Bronte Park. Hiking trails at the top of a cliff can take you up to Coogee, Tamarama and Bondi Beach about 2 km away.
Bronte has also become a hub of gastronomy for visitors. The suburbs are particularly known for spreading the surfer's lifestyle.
The Bronte Surf Lifesaving Club claims to be the oldest of its kind in the world and the suburb hosts an annual swimming event in the ocean.
Bronte's popularity pushed up its median unit price to $ 1.4 million in March 2018. This follows a 24.4% year-over-year growth and compounded growth of 8% over the past year. Last 20 years.
LISAROW
Median price: $ 770,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 11.1%
12-MONTH GROWTH: 8.8%
The suburbs of Lisarow have shown no sign of slowing down since March 1998. With strong growth of 11.1% over the last 20 years and 8.8% growth over the period 12 months ended March 2018, the suburbs saw its median increase in housing prices to $ 770,000.
The suburb is located in the NSW Central Coast region. Originally it was a rural area, but it has been urbanized over time to become a residential area with many medium-density housing.
Industrial activity is centered along the railway line. There are also three schools in the area: Lisarow High School, Lisarow Elementary School and Narara Public School. The suburb is just 5 km from the central business district of Gosford, considered the administrative center of the central coast.
Its residents have access to many amenities, such as shops, restaurants and recreational facilities. It's also convenient for those working in the CBD.
MEADOWBANK
Median price: $ 652,500
PROPERTY TYPE: UNIT
GROWTH OVER 20 YEARS: 7.9%
12-MONTH GROWTH: 5.2%
Meadowbank is located in the City Council of Ryde, 15 km west of Sydney's Central Business District and lies in a valley on the north bank of the Parramatta River.
Meadowbank is a mixed set of residential and commercial real estate, and there are a number of heritage properties in the area.
Gentrification took place recently in the suburbs, with many of the older plants having been demolished and replaced by high-rise buildings with river views.
Thanks to the ferry, bus and train services from the suburbs to the city, Meadowbank is favored by commuters, while families appreciate its relative tranquility thanks to the absence of busy main roads and community events. Regular outdoor, including the weekly Parkrun.
Apartments and apartments are more prevalent than single family homes in Meadowbank and many buyers are settling here elsewhere in Sydney because of the affordability and convenience of the area.
Warwick Farm units, located approximately 30 km from Sydney's central business district, have seen their value increase by 108% over the last five years
WESTERN AUSTRALIA
ATWELL
Median price: $ 520,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 11.4%
12 MONTH GROWTH: -1.0%
Although suburb of Atwell has suffered from the Perth slowdown in recent years, it has performed well over the last 20 years since March 1998, recording a compound growth rate of 11.4% .
As a result of the collapse of the state market, the growth rate for the 12-month period ending in March 2018 fell to -1% and in three years since 2015, the value has decreased by 11.9%.
However, the price of homes in Atwell remains high, with a median of $ 520,000. Atwell is about 20 km south of Perth city center, in the town of Cockburn LGA. Many reserves and trees are scattered throughout the suburbs.
It is primarily populated by families, and there are several local community centers, including the Harvest Lakes Community Center, located on Harmony Primary School grounds, which cultivates a community atmosphere. Atwell Primary and Atwell College are other suburban schools that also host children with special needs.
There are several medical facilities in Atwell and three commercial areas, providing the suburbs with everything the locals need. Access to Perth Central Business District is also easy via the Kwinana Freeway or by train from Cockburn Central Station.
VICTORIA PARK
Median price: $ 450,000
PROPERTY TYPE: UNIT
GROWTH COMPOSED OVER 20 YEARS: 7.4%
12-MONTH GROWTH: 0.0%
The suburbs of Victoria Park are nestled in south-central Perth and seem to have withstood the worst blues in the WA real estate market. Unit prices increased from $ 107,500 in March 1998 to $ 450,000 in March 2018, representing an average annual growth rate of 7.4% over the past two decades.
Values ​​fell 3.2% over the last three years, in line with the fall in the Perth market. Victoria Park serves as the gateway to the east end of Perth Central Business District and is easily accessible considering the many arteries of this area.
It is the point of intersection of the Canning Highway, the
Great Eastern Highway, Albany Highway and Causeway. The Causeway Bridge also facilitates bus travel to Perth without traffic, and the suburb is served by a local train station. The ideal location of Victoria Park makes it a good choice for professionals, families and students who work.
Victoria Park, a suburb of downtown, has suffered greatly from the recent economic downturn – but in the long run, it has done well
Tasmania
Sand Bay
GLENORCHY
Median price: $ 242,500
PROPERTY TYPE: UNIT
GROWTH COMPOSED OVER 20 YEARS: 6.3%
GROWTH OVER 12 MONTHS: 12.3%
Nature at its doorstep, the suburb of Glenorchy is located in the northern part of Hobart, a region rich in amenities. The price of apartments in Glenorchy is incredibly low, averaging under $ 250,000, while offering considerable growth potential over the long term.
The compound growth rate of units for the 20 years preceding March 2018 was 6.3%, with growth of 12.3% in the last year of this period.
The suburb is bounded by the Derwent River and Wellington Mountain. Formerly a predominantly agricultural pole, it is now mainly suburban. It houses sports facilities such as an Australian football oval, a swimming pool and a football pitch.
The commercial area includes a movie theater and shopping centers such as Northgate Mall, Glenorchy Central and Glenorchy Plaza. Cosgrove High School, Guilford Young College and Dominic College are also located in this suburb, making it an ideal choice for families.
NORTHERN TERRITORY
City of Darwin
HOWARD SPRINGS
Median price: $ 625,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 10 YEARS: 1.7%
GROWTH OVER 12 MONTHS: -3.5%
Located in the outer perimeter of Darwin, the rural suburb of Howard Springs is popular with locals for its laid back atmosphere.
The recession in the Top End neighborhood has had repercussions on the suburbs, the growth rate of homes has fallen to -11.5% in the last three years since 2015.
In March 2018, annual growth was -3.5% and for the previous 10 years, the compound growth rate was 1.7%. Howard Springs has its share of amenities, including a tavern and a supermarket.
The suburbs are best known for their areas of natural beauty. It is rich in wildlife and bush that encourages an active lifestyle.
Its main attraction is the Howard Springs National Park, which has been a hotspot of choice for Darwinians for many years. There are walking and hiking trails and the park is perfect for barbecues and picnics.
TERRITORY OF THE CAPITAL AUS
RIVETT
Median price: $ 622,000
PROPERTY TYPE: HOUSE
GROWTH COMPOSED OVER 20 YEARS: 8.4%
GROWTH OVER 12 MONTHS: 10.1%
A suburb of Canberra established in the late 1960s, Rivett has grown steadily and steadily. It recorded a compound growth of 8.4% over the 20 years since March 1998.
This positive trend continued with an impressive 20.1% growth over three years to March 2018, bringing the current median home price of Rivett to $ 622,000.
The suburbs bear the name of the decorated personality of Sir David Rivett. Most of its street names are borrowed from Australian flora.
The local mall is on Rivett Place. The respite services of Rivett Preschool and Burrangiri, which provide care for the elderly, are nearby. The playgrounds in front of the mall facilitate recreational activities, as do the many neighborhood parks. Rivett is serviced by the ACTION Route 27 bus to Woden town center and Route 279 to Canberra.
Do you have more than $ 200,000 in your super fund? You Can Use Your Super To Buy A Property – Find Out How
