5 Property Hotspots in Australia in 2014

This is a guest post from BOQ, one of Australia’s leading regional banks.

Never buy an investment property without doing proper research. Of course, there are always the regional boom towns that ebb and flow according to the current state of the mining industry. Each capital city usually has an expected growth area and there are regional areas in each State of Australia that point to future growth in 2014. You can sign up for online hot spot reports which can give you an invaluable insight into hotspot trends throughout Australia.

Brisbane

Brisbane has grown considerably in the last few years. Transport has been given a boost with cross- city tunnels and dedicated bus links which have helped to move the flow of traffic around the city, rather than through the city centre. Northern suburbs such as Kelvin Grove, the Grange and Newmarket are expected to perform well because of their close proximity to the city. Further out, houses are still very affordable on the Redcliffe Peninsula. The Peninsula will be given a transport boost in the near future, with the approval of a rail link to the city. On the outskirts of Brisbane, look towards growth in Toowoomba and Ipswich.

Regional Australia

Situated on the Victorian/NSW border, Albury and Wodonga are regional towns to watch. Bendigo is another predicted Victorian hotspot. The townships of Dubbo and Narrabri are likely to experience growth and the Western Queensland towns of Cloncurry and Miles are also expected to follow this path.

Sydney

Sydney has limited available land, especially in the inner city which is governed by height restrictions. Properties are always needed in city areas to support workers. Established blue chip suburbs such as Bondi Beach, Kirribilli, Cremorne and Balmain are all popular areas with easy access to the city but also housing an abundance of cafes and shops and giving commuters easy access to ferry services. Keep an eye on the suburbs of Blacktown, Rouse Hill and Liverpool where you can still buy affordable houses. These suburbs are currently going through a transition with infrastructure and the building of residential developments.

The Northern Territory

Keep an eye on the real estate growth in the northern suburb of Millner. Situated just 10 kilometres from Darwin city, this suburb has experienced major growth in recent times.

Melbourne

Properties in the western suburb of Sunshine and the bayside suburbs of Frankston and Epping are all attractive to buyers because there are still affordable houses to be bought and new planning and transport infrastructure in Sunshine will make it much easier for commuters.

With your hotspot property research done, it’s time to think about finance. Homeloans also need research. There are many options available in this area and one loan to consider is BOQ Clear Path Home Loan. Whether you are purchasing a property to live in or as an investment, you may be more comfortable purchasing a ‘hotspot’ property in an area you are familiar with.