Unearthed: The regional areas ripe for investment
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Unearthed: The regional areas ripe for investment

Strong yields make these ‘secondary cities’ attractive options

By Shannon Molloy
Fri, Aug 25, 2023 8:58amGrey Clock 2 min

New analysis has revealed some of Australia’s most promising non-capital city property investment markets, where would-be buyers can find relatively affordable opportunities.

Real estate analytics firm Suburbtrends looked at secondary cities within 200km of a capital and applied more than a dozen key metrics to unearth suburbs that deliver a minimum 4.5 per cent yield.

Kent Lardner, Suburbtrends’ chief analyst, said the research took into account rental affordability, location, socio-economic ranking, price growth, inventory levels and vacancy rates.

That criteria narrowed the search to four regions – Bunbury and Mandurah in Western Australia, and the Gold Coast and Sunshine Coast in Queensland.

“Bunbury boasts the highest count of suburbs making the cut at 12, as well as the most listings available, most house options and the best median yield at 6.2 per cent,” Mr Lardner said.

“This combination of factors portrays Bunbury as an attractive market for both investors and

potential homebuyers.”

Among the suburbs identified was Binningup, which provides a strong market for house investments – with seven currently on the market at a median price of $499,000 and a rental median of $550 per week, yielding a very healthy 7.94 per cent.

College Grove was also a strong pick, with four houses currently on the market at a median price of $492,000 and a rental median of $510 per week, yielding 5.89 per cent.

“Bunbury stood out in our analysis, not just for its gateway status to the southwest region but for the balance it offers between liveability and investment appeal,” Mr Lardner said.

“Its unique characteristics align well with our criteria, making it a significant highlight in our shortlist.”

Meanwhile, the analysis produced 11 suburbs on the Gold Coast that fit the bill – a region that “excels in rental market dynamics”.

The Gold Coast ‘excels in rental market dynamics’

Among them was Bundall, a popular spot for investors. There are currently 12 units available at a median price of $557,000, yielding 5.76 per cent.

A few hours up the road, the Sunshine Coast was another strong performer in the analysis with a host of qualities that indicate a “mature and stable property market”.

Among the picks was the suburb of Wurtulla, which stood out for its unit prospects with four apartments on the market at a median price of $645,000, yielding 4.71 per cent.

Mr Lardner said Buderim was also on the list, with 27 units for sale at a median price of $585,000, yielding 4.85 per cent.

Finally, Mandurah produced four suburbs that fit the research scope, including Halls Head, where there are 64 houses on the market with a median price of $565,600, yielding 4.84 per cent.

The suburb also made the list for units, with eight up for grabs at the moment with a median price of $400,000 and a rental median of $500 per week, yielding 6.91 per cent.”

Mr Lardner said the research offers “a multifaceted perspective” on the current state of the property market in key non-capital locations.

“It’s a snapshot that reveals trends, opportunities, and challenges, providing practical guidance for both investors and homebuyers.”



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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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It’s a slam dunk as a covetable $2m KDR site complete with basketball court hits the market in the Hills District

The ball is in the buyer’s court with this knockdown/rebuild opportunity

By KANEBRIDGE NEWS
Tue, Apr 18, 2023 2 min

Glenhaven in Sydney’s Hills District is one of those areas that locals tend to keep to themselves. Leafy with large blocks on offer, the suburb takes its name from its valley location, with the northern end originally known as the Glen and the southern end called the Haven. 

En route from Parramatta to the Hunter, Glenhaven has become an ideal place for growing families in search of a little more space, or even room to house several generations under one roof.

The challenge is finding properties that tick all the right boxes.

As demand for trades and supply chain issues continue to ease, now could be the right time for a knockdown/rebuild project for would-be buyers looking to create their dream home.

Fairmont Homes specialises in knockdown/rebuild projects in Sydney. General manager at Fairmont Homes, Daniel Logue, said there are key features to look for when choosing a knockdown/rebuild site.

“The key items we look for are the site falling to the street, not to the rear, to help with stormwater drainage as well as access to the site,” he said. “Neighbouring property front setbacks are also important. In some older areas, the older houses are set closer to the street, meaning your new home will have to be set to suit.

“Value for money and the return on the end sale price of the home is another issue.”

If possible, he said designing a home that meets the criteria of the Complying Development legislation will speed up approvals considerably.

While suitable knockdown/rebuild sites can be hard to find in Glenhaven, there are still hidden opportunities if you know where to look.

One block at 158 Gilbert Road, Glenhaven is ideally suited for rejuvenation. With almost 850sqm to play with, it slopes down to the street and sits between neighbouring properties that have already been stylishly updated.

 

 

An existing basketball court at the rear could provide the perfect teen backdrop to a family home, or it could make way for a larger house with landscaped gardens and pool. Alternatively, it could be the perfect position for a cabana or granny flat to serve as in-law accommodation or a source of secondary income.

With recent sales of completed homes in nearby streets reaching well above $5 million, it’s a great opportunity to make a slam dunk of a buy into one of Sydney’s best kept secrets.

Address: 158 Gilbert Road, Glenhaven
Price guide: $1.8 million
Inspection: By appointment only

 

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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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