Experts have identified these suburbs as being the next growth areas around the country.
New research has uncovered affordable suburbs around Australia where buyers are tipped to make at least $50,000 in three years.
The analysis by sellorhold.com.au analysed suburbs with median house prices between $400,000 and $600,000 located in significant urban areas.
The top five localities were located in Canberra, the Gold Coast, Brisbane and Hobart, where investors could be better off by more than $120,000 in three years.
Here are the top five spots and their expected growth in dollars:
Canberra - Queanbeyan, Charnwood
Median house price: $439,483
Expected growth in three years: $123,520
Canberra - Queanbeyan, Karabar
Median house price: $525,599
Expected growth in three years: $122,546
Gold Coast - Tweed Heads, Bilanbil Heights
Median house price: $559,164
Expected growth in three years: $105,787
Median house price: $538,244
Expected growth in three years: $97,727
Hobart, Geilston Bay
Median house price: $475,613
Expected growth in three years: $88,949
“The Canberra-Queanbeyan region has taken out the first and second places for forecast price growth, partly due to affordable house prices close to our nation’s capital,” says Jeremy Sheppard, head of research at sellorhold.com.au. “Both Charnwood and Karabar are near Canberra, which means housing is in strong demand from public servants.”
“Bilambil Heights is in the Tweed Heads region of the Gold Coast. Not only does the suburb boast water views, Surfers Paradise is also only about 30 minutes drive away,” he says.
Underwood in the Logan region of Brisbane came in at number four, while Geilston Bay in Hobart landed fifth spot.
“If its name didn’t give it away, the appeal of Geilston Bay is partly due to its desirable location on the Derwent River while also only being seven kilometres from Hobart,” says Jeremy.
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