QLD dominates Australia’s top 10 “best buys’ of 2022
Australia’s Top 10 ‘best buys’ of 2022 have been revealed, with Queensland leading the pack. See the full list and reasons why.
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Australia’s top 10 ‘best buys’ of 2022 have been revealed, and Queensland is leading the pack.
Terry Ryder of Hotspotting.com.au has exclusively revealed his picks for the new year in his latest report, National Top 10 Best Buys 2022, Hotspotting by Ryder.
And yet again, the sun is shining on the Sunshine State, which boasts four of the top 10 locations for buyers nationally based on their prospects for value growth “above the norm”.
“These locations are considered to have growth drivers that will achieve capital growth above the norm in the future,” the report said.
“They’re locations with identifiable drivers of demand for real estate, which will place
pressure on prices and rents.
“We expect them to show growth not only in 2022 but well beyond.”
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Redcliffe Peninsula (QLD): The opening of the new train line in 2016, extensive gentrification over the last decade and the Exodus to Affordable Lifestyle are the key forces behind the recent surge in the Redcliffe Peninsula property market. Yet despite the heated conditions, the Redcliffe Peninsula remains affordable and considerably cheaper than many other suburbs across Greater Brisbane. It has the added benefit of a seaside lifestyle and
easy access to major employment hubs.
Toowoomba (QLD): A massive program of infrastructure development is putting the regional city of Toowoomba on the national stage. The economy of the Toowoomba region is also
the second largest in Queensland outside the metropolitan areas. Affordability, low vacancies and good yields are attracting a variety of property buyers to the region, including first-home buyers, tree changers, Baby Boomers and retirees.
Hunter Valley (NSW): The Hunter Region offers an enviable lifestyle and strong economic prospects. It is one of the key beneficiaries of the Exodus to Affordable Lifestyle. The strength and diversity of the local economy is important. Towns in the Hunter Valley offer a rural lifestyle but remain within striking distance of Sydney, key employment hubs, international transport connections and major entertainment venues.
Brimbank (VIC): Significant growth in Sunshine and the suburbs of Brimbank LGA is expected in the future, now that the route for the Melbourne Airport Rail Link has been determined. The precinct’s property market is already buoyant, delivering double-digit price growth in several suburbs over the past year, while its affordability has made it popular with first-home buyers. Further public and private investment is expected to build on the $1 billion spent in the last five years.
Olympic Precinct (QLD): Research into the impact on real estate in previous host cities for the Olympics - and other major global events staged in Brisbane - shows that suburbs
closest to the major event venues experience the greatest uplift in property prices. The property market of the Inner South Precinct of Brisbane is well-positioned for significant growth, particularly in the lead up to the Brisbane Olympic Games in 2032.
Rockingham (WA): The Perth property market has transformed from recovery in 2020 to boom in 2021, with a doubling in the number of suburbs with rising markets. Amid this activity, the suburbs of Rockingham City feature strongly. With population growth driven by an attractive seaside lifestyle, tracts of affordable land and access to major job nodes, this LGA is a community of young families. Residential construction, fuelled by strong population growth, is expected to continue well into the 2040s.
Ipswich (QLD): Key criteria for buyers includes affordability and proximity to employment nodes. The suburbs of Ipswich City attract steady buyer demand for those reasons. Jobs growth and population increases are the current hallmarks of the Ipswich economy. For some years it has been one of the fastest-growing regions in South East Queensland and it has become one of the top two SEQ regions for jobs growth.
Onkaparinga (SA): It has lifestyle, affordability, improvedtransport links, economic growth drivers, population growth and proximity to major jobs nodes. It is a good fit for the Exodus to Affordable Lifestyle trend. Over the next 20 years, the region is expected to
receive an influx of 48,000 additional residents, making it one of Adelaide’s strongest growth areas.
Warrnambool (VIC): The sea change appeal, affordability and robusteconomy have led to rising sales activity in the local property market in the last 18 months. This in turn is translating into price growth. Two independent research reports have singled out Warrnambool for its quality lifestyle and its affordability, resulting in the region being named as the No. 1 region in Australia for liveability and one of the Top 12 for affordability.
Tamworth (NSW): The Tamworth property market is strong, with low vacancies and the consistent delivery of strong rental yields continuing to attract investors. Its appeal is further enhanced by itsaffordability and rural lifestyle. Tamworth has plenty of room and established
facilities to accommodate the spillover from capital cities – a move currently being encouraged by federal and state politicians.
To read the fully report, visit https://www.hotspotting.com.au/product/national-top-10-best-buys/
(Source: National Top 10 Best Buys 2022, Hotspotting by Ryder)
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