Onthehouse's top 10 investor town tips are mostly on the comeback coastal trail

Onthehouse's top 10 investor town tips are mostly on the comeback coastal trail
Jonathan ChancellorDecember 7, 2020

New research from Onthehouse.com.au has forecast their selection of the top 10 investor suburbs set to deliver during 2015.

There are some surprises with coastal ugly ducklings. Nine were for houses, with Byron Bay the only one selected for possible strong growth in units.

Tweed Heads South was top of the list for houses., while Byron Bay units were expected to deliver a total return of 13% this year.

Nine out of the 10 top investment areas, concluded when considering both projected growth and rental yield, are located along the regional coast of New South Wales and Queensland, while the remaining suburb is located in Western Australia.

The below table lists the top 10 suburbs, in order. 

Click to open in new window:

Source: Onthehouse

The median value in Stratton is more than $160,000 cheaper than the city area of Perth.

Queensland’s Allenstown was the most affordable on the list with a median home value of $267,500.

Surprise NSW South Coast entrants included Sussex Inlet and Mollymook Beach.

The relative affordability of quiet coastal suburbs makes them ideal locations for retirees or young families, Onthehouse.com.au analyst Eliza Owen suggested.

"A perfect example of this is Morisset, which is ideally located on the shore of Lake Macquarie as well as being a short drive from the beach - and during the last Census it was found that 39% of the suburb's population was aged 65 years or over," said Owen.

"Many young health professionals have also found the area to be extremely affordable and a good place to rent and save while they attain work experience in the health sector.

"Due to continued rising levels of unaffordability in major cities, regional areas have become more enticing for businesses, as well as home owners.

"Businesses have found it cheaper to relocate their manufacturing and processing outside of metro city areas, creating jobs in regional areas.

"This is again evidenced around Morisset, but is also a case for the outer Perth suburb of Stratton, which is located just 20 kilometres from the Perth CBD."

{mijopolls 102}

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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