Australia’s immigration-driven population growth means suburbs in Sydney, Melbourne and Brisbane with the potential to build more homes in active areas – which are already outpacing their city average – will gain more as home-building picks up, investment company Longview says.
Older homes – where more value lies in the land than in the dwelling – on sites close to public transport, employment hubs or activity centres, will continue to rise in value because of their development potential, Longview chief executive and former Victorian state Labor MP Evan Thornley said.