Perth, Brisbane dominate hotspot suburbs being targeted by investors

Queensland and Perth’s outer suburbs dominate the list of suburbs in which Property investors are buying up property across the Australian states.

Queensland has multiple suburbs in Brisbane, Moreton Bay, Ipswich, Townsville, and Mackay showing significant investor activity. Key locations include Shailer Park, Jamboree Heights, and Bellbowrie in Brisbane, Albany Creek and Ferny Hills in Moreton Bay, and Wulkuraka and Newtown in Ipswich.

Western Australia also features prominently with suburbs like Connolly, Currambine, and Aubin Grove in Perth’s northern and southern regions.

New South Wales sees strong interest in suburbs such as Cranebrook in Penrith and Macquarie Hills in Lake Macquarie.

Median asking prices vary across the regions, reflecting local market conditions.

In Brisbane, prices range from $650,000 in Bellbowrie to nearly $1 million in Albany Creek. Perth suburbs show a median price range from $600,000 in Wattle Grove to $906,300 in Connolly. Sydney’s Cranebrook has a median price of $894,400.

Rental yields and median lease prices also vary, indicating diverse investment returns.

Areas like Shailer Park and Albany Creek offer substantial rental income, with median leases at $650 and $700 respectively.

This list underscores Queensland’s prominence in investor activity, with attractive yields and competitive asking prices across several hotspots.

New South Wales

Cranebrook (2749)

• Region: Sydney – Outer West and Blue Mountains
• Investor Activity: Moderate, with an index score of 4.6.
• Median Asking Price: $894,400
• Median Lease: $600 (up from $550 twelve months ago)
• Days on Market (DoM): Improved to 22 days from 25 days three months ago.
• Inventory Levels: Slight decrease, indicating a tighter market.
• Yield: 3.47 per cent
• Vacancy Rate: Steady at 0.85 per cent, indicating a strong rental demand.
• Rent Affordability: 28.46 per cent

Macquarie Hills (2285)

• Region: Newcastle and Lake Macquarie
• Investor Activity: High, with an index score of 4.7.
• Median Asking Price: $876,750
• Median Lease: $670 (up from $630 twelve months ago)
• Days on Market (DoM): Improved to 24 days from 27 days three months ago.
• Inventory Levels: Very tight, with a decrease to 0.77 months.
• Yield: 4.10 per cent
• Vacancy Rate: Stable at 1.15 per cent
• Rent Affordability: 29.90 per cent

Both suburbs in NSW are experiencing a strong investor interest, driven by their competitive asking prices and solid rental yields.

Cranebrook, with its improved days on market and steady vacancy rates, shows a robust property demand.

Meanwhile, Macquarie Hills stands out for its high investor activity and substantial rental yield, reflecting a very tight inventory and high demand in the area.

Both areas show rising median leases, pointing to a potential for increasing rental income. The investor interest in these suburbs is supported by solid yields and manageable rent affordability rates, making them attractive options for property investment.

Victoria

Watsonia (3087)

• Region: Melbourne – North East
• Investor Activity: High, with an index score of 4.6.
• Median Asking Price: $830,000
• Median Lease: $530 (up from $450 twelve months ago)
• Days on Market (DoM): Improved to 24 days from 25 days three months ago.
• Inventory Levels: Tight, with a decrease to 0.83 months.
• Yield: 3.07 per cent
• Vacancy Rate: Stable at 0.74 per cent
• Rent Affordability: 28.15 per cent

Victoria’s Watsonia suburb exhibits strong investor interest, underpinned by competitive asking prices and favourable rental yields. The median asking price stands at $830,000, reflecting the suburb’s appeal in Melbourne’s North East region. The median lease has risen to $530 from $450 a year ago, indicating robust rental demand.

Inventory levels are very tight at 0.83 months, showing a decrease and pointing to a competitive market environment. Days on market have slightly improved, now at 24 days compared to 25 days three months ago, demonstrating quick property turnover. Yield remains solid at 3.07 per cent, providing a good return on investment for property owners.

The vacancy rate in Watsonia is stable at 0.74 per cent, signifying a strong rental market with consistent demand. Rent affordability is reasonable at 28.15 per cent, making it a viable option for renters while still offering good returns for investors. Overall, Watsonia presents a compelling case for property investment, driven by its strong market fundamentals and attractive investment metrics.

Queensland

Shailer Park (4128)

• Region: Logan – Beaudesert
• Investor Activity: High, with an index score of 4.6.
• Median Asking Price: $990,000
• Median Lease: $650 (up from $600 twelve months ago)
• Days on Market (DoM): Improved to 24 days from 27 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.69 months.
• Yield: 3.41 per cent
• Vacancy Rate: Decreased to 0.87 per cent from 1.22 per cent
• Rent Affordability: 29.19 per cent

Jamboree Heights (4074)

• Region: Brisbane – West
• Investor Activity: Moderate, with an index score of 4.6.
• Median Asking Price: $877,000
• Median Lease: $585 (up from $550 twelve months ago)
• Days on Market (DoM): Improved to 22 days from 27 days three months ago.
• Inventory Levels: Tight, with a decrease to 1.07 months.
• Yield: 3.48 per cent
• Vacancy Rate: Increased to 1.09 per cent from 1.37 per cent
• Rent Affordability: 28.55 per cent

Bellbowrie (4070)

• Region: Brisbane – West
• Investor Activity: Moderate, with an index score of 4.6.
• Median Asking Price: $980,000
• Median Lease: $675 (up from $650 twelve months ago)
• Days on Market (DoM): Improved to 29 days from 30 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.30 months.
• Yield: 3.51 per cent
• Vacancy Rate: Increased to 1.27 per cent from 0.25 per cent
• Rent Affordability: 28.63 per cent

Albany Creek (4035)

• Region: Moreton Bay – South
• Investor Activity: High, with an index score of 4.6.
• Median Asking Price: $995,000
• Median Lease: $700 (up from $650 twelve months ago)
• Days on Market (DoM): Improved to 21 days from 24 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.23 months.
• Yield: 3.64 per cent
• Vacancy Rate: Decreased to 1.54 per cent from 0.86 per cent
• Rent Affordability: 30.88 per cent

Ferny Hills (4055)

• Region: Moreton Bay – South
• Investor Activity: High, with an index score of 4.7.
• Median Asking Price: $940,440
• Median Lease: $650 (up from $600 twelve months ago)
• Days on Market (DoM): Improved to 21 days from 24 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.50 months.
• Yield: 3.65 per cent
• Vacancy Rate: Increased to 1.32 per cent from 1.98 per cent
• Rent Affordability: 28.62 per cent

Wulkuraka (4305)

• Region: Ipswich
• Investor Activity: High, with an index score of 4.6.
• Median Asking Price: $599,000
• Median Lease: $450 (up from $440 twelve months ago)
• Days on Market (DoM): Improved to 26 days from 28 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.67 months.
• Yield: 3.80 per cent
• Vacancy Rate: Increased to 0.86 per cent from 1.11 per cent
• Rent Affordability: 29.22 per cent

Newtown (4305)

• Region: Ipswich
• Investor Activity: High, with an index score of 4.7.
• Median Asking Price: $639,000
• Median Lease: $500 (up from $450 twelve months ago)
• Days on Market (DoM): Improved to 28 days from 31 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.20 months.
• Yield: 4.02 per cent
• Vacancy Rate: Increased to 1.04 per cent from 0.93 per cent
• Rent Affordability: 28.52 per cent

Alice River (4817)

• Region: Townsville
• Investor Activity: High, with an index score of 4.6.
• Median Asking Price: $765,000
• Median Lease: $640 (up from $580 twelve months ago)
• Days on Market (DoM): Improved to 29 days from 34 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 2.34 months.
• Yield: 4.27 per cent
• Vacancy Rate: Increased to 1.22 per cent from 0.49 per cent
• Rent Affordability: 25.93 per cent

Queensland showcases a diverse range of suburbs with strong investor interest, particularly in the Brisbane, Moreton Bay, Ipswich, and Townsville regions. Suburbs like Shailer Park and Albany Creek offer high median asking prices, robust rental yields, and improving days on market, reflecting strong demand and limited supply.

Meanwhile, Ipswich suburbs such as Wulkuraka and Newtown provide affordable options with competitive yields and moderate rent affordability.

Overall, Queensland’s property market remains attractive for investors, with tight inventory levels and favourable rental conditions across various key suburbs.

South Australia

Athelstone (5076)

• Region: Adelaide – Central and Hills
• Investor Activity: High, with an index score of 4.6.
• Median Asking Price: $850,120
• Median Lease: $590 (up from $500 twelve months ago)
• Days on Market (DoM): Improved to 18 days from 20 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.75 months.
• Yield: 3.69 per cent
• Vacancy Rate: Increased to 1.50 per cent from 1.13 per cent
• Rent Affordability: 30.40 per cent

Hillbank (5112)

• Region: Adelaide – North
• Investor Activity: High, with an index score of 4.7.
• Median Asking Price: $633,440
• Median Lease: $550 (up from $495 twelve months ago)
• Days on Market (DoM): Improved to 28 days from 31 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.57 months.
• Yield: 4.40 per cent
• Vacancy Rate: Increased to 1.63 per cent from 1.22 per cent
• Rent Affordability: 30.34 per cent

South Australia’s suburbs of Athelstone and Hillbank are seeing robust investor activity, driven by attractive asking prices and solid rental yields.

The suburb has tight inventory levels at 1.75 months, improved days on market at 18 days, and a solid yield of 3.69 per cent. The vacancy rate has slightly increased to 1.50 per cent, indicating a stable rental demand.

Hillbank, in the Adelaide – North region, shows similar strong investor interest with a median asking price of $633,440 and a median lease of $550, up from $495 a year ago. Inventory levels are tight at 1.57 months, and days on market have improved to 28 days. Hillbank offers an impressive yield of 4.40 per cent, with the vacancy rate slightly increasing to 1.63 per cent, showing continued rental demand.

Both suburbs exhibit favourable investment conditions with competitive yields, improving market dynamics, and reasonable rent affordability, making them attractive options for property investors.

Western Australia

Connolly (6027)

• Region: Perth – North West
• Investor Activity: High, with an index score of 4.7.
• Median Asking Price: $906,300
• Median Lease: $700 (up from $590 twelve months ago)
• Days on Market (DoM): Improved to 30 days from 31 days three months ago.
• Inventory Levels: Very tight, with a decrease to 0.81 months.
• Yield: 3.91 per cent
• Vacancy Rate: Increased to 0.87 per cent from 2.39 per cent
• Rent Affordability: 30.38 per cent

Currambine (6028)

• Region: Perth – North West
• Investor Activity: High, with an index score of 4.7.
• Median Asking Price: $695,000
• Median Lease: $680 (up from $600 twelve months ago)
• Days on Market (DoM): Improved to 40 days from 44 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 2.02 months.
• Yield: 4.41 per cent
• Vacancy Rate: Increased to 0.35 per cent from 1.05 per cent
• Rent Affordability: 30.71 per cent

Aubin Grove (6164)

• Region: Perth – South West
• Investor Activity: High, with an index score of 4.9.
• Median Asking Price: $726,150
• Median Lease: $670 (up from $575 twelve months ago)
• Days on Market (DoM): Improved to 30 days from 32 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.10 months.
• Yield: 4.48 per cent
• Vacancy Rate: Increased to 1.03 per cent from 1.59 per cent
• Rent Affordability: 26.91 per cent

Kinross (6028)

• Region: Perth – North West
• Investor Activity: High, with an index score of 4.8.
• Median Asking Price: $745,180
• Median Lease: $690 (up from $620 twelve months ago)
• Days on Market (DoM): Improved to 40 days from 44 days three months ago.
• Inventory Levels: Tight, with a decrease to 1.12 months.
• Yield: 4.66 per cent
• Vacancy Rate: Stable at 0.35 per cent
• Rent Affordability: 30.82 per cent

Atwell (6164)

• Region: Perth – South West
• Investor Activity: High, with an index score of 4.9.
• Median Asking Price: $748,800
• Median Lease: $680 (up from $570 twelve months ago)
• Days on Market (DoM): Improved to 30 days from 32 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.10 months.
• Yield: 4.77 per cent
• Vacancy Rate: Increased to 1.03 per cent from 1.59 per cent
• Rent Affordability: 28.29 per cent

Wattle Grove (6107)

• Region: Perth – South East
• Investor Activity: High, with an index score of 4.8.
• Median Asking Price: $686,400
• Median Lease: $690 (up from $600 twelve months ago)
• Days on Market (DoM): Improved to 35 days from 40 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.52 months.
• Yield: 4.78 per cent
• Vacancy Rate: Stable at 0.88 per cent
• Rent Affordability: 29.03 per cent

Tapping (6065)

• Region: Perth – North West
• Investor Activity: High, with an index score of 4.8.
• Median Asking Price: $745,500
• Median Lease: $700 (up from $600 twelve months ago)
• Days on Market (DoM): Improved to 39 days from 43 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.15 months.
• Yield: 4.85 per cent
• Vacancy Rate: Decreased to 0.38 per cent from 0.57 per cent
• Rent Affordability: 29.67 per cent

Jane Brook (6056)

• Region: Perth – North East
• Investor Activity: High, with an index score of 4.7.
• Median Asking Price: $649,849
• Median Lease: $680 (up from $620 twelve months ago)
• Days on Market (DoM): Improved to 32 days from 33 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.81 months.
• Yield: 4.95 per cent
• Vacancy Rate: Stable at 0.00 per cent
• Rent Affordability: 28.92 per cent

Caversham (6055)

• Region: Perth – North East
• Investor Activity: High, with an index score of 4.6.
• Median Asking Price: $668,100
• Median Lease: $700 (up from $600 twelve months ago)
• Days on Market (DoM): Improved to 35 days from 36 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.32 months.
• Yield: 5.13 per cent
• Vacancy Rate: Increased to 2.00 per cent from 1.33 per cent
• Rent Affordability: 30.89 per cent

Wandi (6167)

• Region: Perth – South West
• Investor Activity: High, with an index score of 4.8.
• Median Asking Price: $578,950
• Median Lease: $650 (up from $550 twelve months ago)
• Days on Market (DoM): Improved to 33 days from 38 days three months ago.
• Inventory Levels: Tight, with a decrease to 2.48 months.
• Yield: 5.22 per cent
• Vacancy Rate: Stable at 1.12 per cent
• Rent Affordability: 27.39 per cent

Aveley (6069)

• Region: Perth – North East
• Investor Activity: High, with an index score of 4.8.
• Median Asking Price: $624,000
• Median Lease: $650 (up from $550 twelve months ago)
• Days on Market (DoM): Improved to 36 days from 38 days three months ago.
• Inventory Levels: Tight, with a slight decrease to 1.44 months.
• Yield: 5.37 per cent
• Vacancy Rate: Stable at 1.67 per cent
• Rent Affordability: 30.02 per cent

Western Australia presents numerous attractive suburbs for investors, particularly in the Perth metropolitan area.

Key suburbs like Connolly, Currambine, and Aubin Grove show strong investor interest, driven by competitive median asking prices and robust rental yields.

These suburbs have tight inventory levels, improving days on market, and low vacancy rates, indicating strong demand and limited supply.

Additionally, areas such as Kinross, Atwell, and Tapping offer favourable yields and stable rent affordability, making them appealing options for property investment. Overall, Western Australia’s property market displays promising investment opportunities with solid market fundamentals across multiple suburbs.