The ten most searched for Australian suburbs below were all found within New South Wales and Victoria, according to realestate.com.au’s Investor Hotspots research.
Parramatta (NSW)
Point Cook (VIC)
Carlton (VIC)
Blacktown (NSW)
Glen Waverly (VIC)
Penrith (NSW)
Frankstown (VIC)
Auburn (NSW)
Brunswick (VIC)
Liverpool (NSW)
During January to March this year, investors showed interest towards western Sydney with Parramatta taking the top spot, followed by Blacktown, Penrith, Auburn and Liverpool. In Victoria, there was a mixture of inner city and outer suburbs attracting interest, with Point Cook claiming the second spot and inner city Carlton coming in third.Principal from LJ Hooker Parramatta Nathan Sahyoun believes investors are looking towards New South Wales and Victoria on a national scale as these areas are the most developed and offers financially secure investments.
Mr Sahyoun adds that from a national perspective, New South Wales is leading the charge in the economy, education and employment sectors of Australia.
“With the New South Wales Government investing in Sydney’s west, it’s no surprise investors are interested in these areas. The increasing living opportunities as well as a growing arts and culture hub is truly cementing long term capital growth in the area. With a second airport planned for Sydney’s west, I suspect investors will continue to flock to Parramatta for many years,” he said.
Mr Sahyoun says Parramatta and other western suburbs Blacktown, Penrith, Auburn and Liverpool are growth areas in Sydney. He describes these areas as having established infrastructure already in place and plenty of new development opportunities with large vacant land available.
Director from Porter Davis Melbourne Paul Wolff explains that location is the big draw card attracting investors to areas in Victoria.
“Driving from Point Cook to Melbourne CBD only takes about half an hour which is really short compared to other investment areas including Werribee and Hoppers Crossing. The proximity to the city is not only attracting investors, but also foreign and second and third home buyers,” he said.
The other Victorian areas attracting attention from investors – Carlton, Glen Waverley, Frankston and Brunswick – all have established infrastructure as well as easy access to the city.
Head of Developer Sales at REA Group Toby Balazs said that realestate.com.au’s Investor Hotspots demonstrate which areas investors have their eyes on and which have possible growth potential.
“realestate.com.au’s Investor Hotspots shows interested property seekers where the demand is for investment property. Knowing where these areas are can give sellers confidence once they put their property on the market as it highlights that there will be a high number of investors searching for property in their suburb,” he said.
If you’re thinking about investing visit realestate.com.au’s dedicated Invest site to view each suburb’s annual growth, incoming cash flow, yields and rent prices.
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