RESIDENTIAL PROPERTY
SOUTH Australia, Western Australia and Queensland are home to the most affordable locations that offer the best strategic house-buying potential in the first half of 2023.
The Hotspotting Top 5 Cheapies With Prospects report considered rising sales activity, with potential for capital growth; plenty of houses being available at...
It found South Australia’s City of Playford and City of Salisbury, Western Australia’s City of Armadale and City of Gosnells, and the...
Hotspotting director Terry Ryder said the five locations were sometimes considered to be the “ugly ducklings” of city real estate, but they also had strong prospects for capital growth.
“Ugly duckling is an odd term for something you would recommend to real estate investors, but the term is apt...
“There are suburbs with similar qualities. They are places considered unattractive by those looking through uneducated eyes – but they have the potential to...
Richmond in Melbourne, Balmain in Sydney, and Bulimba in Brisbane are prime examples suburbs that were once considered “down market” or...
“There are suburbs, once considered primarily industrial in nature, which have changed through urban renewal into thriving residential areas with steady price growth.”
Outlying areas of major cities – like the Redcliffe Peninsula in Brisbane –have been “discovered”. Ryder said the significance of these areas in the...
“Recent research has shown the cheaper areas undergoing gentrification are among the strongest performers on price growth in...
“Not all of the cheaper areas have the potential to evolve into real estate swans, but some of them do.”
Defence underpins value The City of Playford is the fastest-growing Local Government Area in South Australia. The engine room of its...
Its neighbour, the City of Salisbury, is also underpinned by defence, with $4 billion-plus worth of projects. Construction on the...
Out west, the City of Armadale offers affordable housing, is located on Perth’s south-east transport corridor and is the fourth-fastest growing...
In Brisbane’s south west, the City of Ipswich has homes in the $300,000s and $400,000s range, with good transport links and...