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Note: This post has been completely rewritten as of 01 May 2017. 

Property barons are not created overnight. A successful property portfolio is the result of meticulous planning, research and an ongoing review of your financial circumstances. Indeed, building your property portfolio from scratch may seem like a daunting task. However, with the right strategy, hard work and diligent research, you can start investing in real estate to build a strong financial future for yourself.

“Investing in real estate is a popular method of wealth creation in Australia. I bought my first investment property in 2005 and since then I have been continually educating myself about the property market by reading books, magazines and free online articles to stay abreast of the latest market trends. This is most important for investors who wish to build a successful property portfolio as understanding the market dynamics can help you choose a property that is more likely to perform well,” says Anna, who recently bought her fourth investment property and secured a competitive home loan rate by comparing home loan deals on the HashChing portal.

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According to Anna, investing in high-growth suburbs is the key to building your investment portfolio. However, buying in the most popular Australian suburbs may not be possible for most first-time investors due to the high property prices. The solution is to identify the next booming suburbs that will not only show capital growth but also earn better rental yield.

Choose the right suburb – Look at the historical figures to find out suburbs that have shown significant capital growth in the past. If you find buying in such an area unaffordable, scout for a property in the neighbouring suburbs offering similar family-friendly infrastructure and low prices.

In order to help you make an educated decision, we have compiled a list of the high-growth suburbs that may be your best investment options at the moment:

Top Growth Suburbs under $550,000:

Suburb State Median House Price
Forcett TAS $450,000
Gulfview Heights SA $550,000
Clyde North VIC $440,500
Plumpton VIC $462,000
Ardeer VIC $515,000
Avonsleigh VIC $530,000
Marburg QLD $390,500
Diggers Rest VIC $345,000
Medlow Bath NSW $505,000
Woorim QLD $545,000

Top 3 Growth suburbs in top cities of each State according to 12-month change in median values:

1. Sydney (House):

Homebush (38.2%)

Enfield (34.7%)

Strathfield South (31.3%)

2. Melbourne (House):

Windsor (47.0%)

Malvern (40.2%)

Wonga Park (34.2%)

3. Hobart (House):

Dodges Ferry (10.7%)

Sandy Bay (10.1%)

Lindisfarne (8.9%)

4. Adelaide (House):

Glenelg South (18.5%)

Glynde (16.6%)

Netley (15.9%)

5. Perth (House):

Swanbourne (29.4%)

North Coogee (22.5%)

Coolbinia (20.2%)

6. Darwin (House):

Bellamack (-2.4%)

Millner (-2.8%)

Moil (-2.9%)

7. Brisbane (House):

East Brisbane (14.7%)

Highgate Hill (13.6%)

Seven Hills (13.3%)

You could also consult this list by Real Estate Investar that brings to you the top 50 fastest growth suburbs of Australia.

These high-growth suburbs offer great prices, family-friendly infrastructure and the potential for a great investment. And while APRA tightens its noose around investment lending, investors can still access competitive deals from over 60+ lenders across Australia on HashChing. Whether you are a seasoned investor or planning to invest for the first time, get in touch with a mortgage broker now to save more on your home loan.

By Vidhu Bajaj

 

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