Invest
5 top property market picks for 2019
Regional and capital city locations outside of the Sydney and Melbourne bubble have been picked for solid growth in 2019, with worthwhile residential investment opportunities under $500,000.
5 top property market picks for 2019
Regional and capital city locations outside of the Sydney and Melbourne bubble have been picked for solid growth in 2019, with worthwhile residential investment opportunities under $500,000.
According to nationwide buyers’ agency Your Property Your Wealth, there are five key property markets that investors should keep an eye on in 2019, all of which are outside of Sydney and Melbourne’s confines.
“Contrary to some people’s narrow viewpoint that Sydney and Melbourne are the only markets in Australia, there are myriad locations where investors can secure affordable property,” said Daniel Walsh, director and buyer’s agent at Your Property Your Wealth.
“Not only do they have median house prices under $500,000 but they are also locations on the rise because of fundamentals such as major infrastructure or population growth.”
The Sydney-based agent said that despite softening Harbour City housing prices, his research did not identify any areas of NSW with predicted growth significant enough to be included in his top five list.
“You don’t have to spend $1 million to make a wise investment decision – in fact, you could buy two properties for that price in these areas and benefit from the market upswing in the future,” Mr Walsh said.
Here are his top five picks for investment locations under $500,000:
Grovedale, Geelong, Victoria
Median house price = $467,000
Mr Walsh says he has been purchasing investment property for clients in Geelong for some time now, due to the region’s affordability, strong economy and rapid population growth that is outpacing nearby Melbourne.
“Avalon Airport, near Geelong, is also set to become an international airport, with up to 220,000 passengers expected to pass through the airport every year. Not only will the project open up Geelong and the Great Ocean Road to more international visitors, it will also create more than 200 jobs at the airport,” he said.
Wyndham Vale, Wyndham, Victoria
Median house price = $480,000
“Wyndham Vale, which is about 30 kilometres southwest of Melbourne, has been experiencing strong market conditions for a while now, courtesy of its affordability,” Mr Walsh said.
“In fact, its median house price increased by an impressive 17 per cent over the past year according to CoreLogic.”
Petrie, Moreton Bay, Queensland
Median house price = $440,000
Quite a few investment opportunities have been identified by Mr Walsh in Queensland, as the state maintains relative affordability and will soon experience strong infrastructure growth.
This includes the new campus in Petrie, in the Moreton Bay region of Greater Brisbane.
“Construction of the University of the Sunshine Coast’s Petrie campus is underway, which aims to attract 10,000 students in its first year of operation in 2020,” Mr Walsh said.
“Petrie is also located within Moreton Bay, which is one of Australia’s fastest-growing regions, with its population expected to grow by a staggering 40 per cent over the next 20 years.”
Raceview, Ipswich, Queensland
Median house price = $343,000
Raceview, with its close proximity to Ipswich’s main centre (3km), has been picked as an area of growth, with its access to the region’s diverse economy in the areas of healthcare, social assistance, retail trade and manufacturing.
Growth is expected also on the back of Amberley’s $5 billion defence contract and the $340 million Cunningham Highway upgrade, which will help to reduce the commute to Brisbane.
“Raceview in Ipswich is also located in a growth area, with the region’s population expected to increase from 210,000 to 500,000 by 2041,” Mr Walsh said.
“With a median house price of just $343,000 that is achieving gross yields of 5.5 per cent, it’s not hard to see why Raceview is a solid investment option,” he said
Port Adelaide, Adelaide, South Australia
Median house price = $350,000
Just 8km from the city centre, Port Adelaide is picked to experience growth due to the current port rejuvenation and billions of dollars in defence projects soon to begin.
“Recent developments include the $40 million State Government building on Nile St, redevelopment of the waterfront precinct to provide homes, as well as plans for a maritime themed attraction with historic ships,” Mr Walsh said.
“Port Adelaide is on the cusp of change and smart investors are getting in now to make the most of the uplift.”
RELATED ARTICLES
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Reality check for first home buyers: Affordable suburbs with 5% deposit
In a significant development for Australian first home buyers, a new property search tool from Aussie Home Loans is set to transform the way prospective homeowners approach the market. As the Federal ...Read more
Property
Trust as a performance multiplier in Australia's real estate market
In Australia’s A$10–11 trillion housing market, trust is emerging as a crucial factor that sellers and agencies can no longer afford to overlook. Traditionally viewed as a soft metric, trust is now ...Read more
Property
LJ Hooker Lake Macquarie makes a splash with Belmont buy as real estate consolidation looms
LJ Hooker Lake Macquarie’s acquisition of the Belmont office, including its rent roll, is less about shopfronts and more about balance‑sheet resilience. In a market where listings ebb and flow with ...Read more
Property
Twice the demand: the case study behind Melbourne’s first‑home buyer surge
Melbourne has quietly engineered one of Australia’s most consequential housing turnarounds, with first‑home buyer demand running at roughly double the national pace and four of the top five buyer ...Read more
Property
First‑home buyers now anchor Australia’s mortgage growth — but the risk maths is changing
Great Southern Bank’s revelation that nearly one in three of its new mortgages went to first‑home buyers is not an outlier. It is the leading edge of a broader market realignment powered by government ...Read more
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Reality check for first home buyers: Affordable suburbs with 5% deposit
In a significant development for Australian first home buyers, a new property search tool from Aussie Home Loans is set to transform the way prospective homeowners approach the market. As the Federal ...Read more
Property
Trust as a performance multiplier in Australia's real estate market
In Australia’s A$10–11 trillion housing market, trust is emerging as a crucial factor that sellers and agencies can no longer afford to overlook. Traditionally viewed as a soft metric, trust is now ...Read more
Property
LJ Hooker Lake Macquarie makes a splash with Belmont buy as real estate consolidation looms
LJ Hooker Lake Macquarie’s acquisition of the Belmont office, including its rent roll, is less about shopfronts and more about balance‑sheet resilience. In a market where listings ebb and flow with ...Read more
Property
Twice the demand: the case study behind Melbourne’s first‑home buyer surge
Melbourne has quietly engineered one of Australia’s most consequential housing turnarounds, with first‑home buyer demand running at roughly double the national pace and four of the top five buyer ...Read more
Property
First‑home buyers now anchor Australia’s mortgage growth — but the risk maths is changing
Great Southern Bank’s revelation that nearly one in three of its new mortgages went to first‑home buyers is not an outlier. It is the leading edge of a broader market realignment powered by government ...Read more
