The top investment suburbs in Australia have been announced. Research from Residex showed which suburbs are seeing the most investment as the property market picks up again.
The trend is towards investing in suburbs on the outskirts of cities that are likely to experience growth.
New South Wales continues to dominate in terms of growth, but the top suburb is now found in Queensland. Morayfield in Queensland is seeing the highest rate of growth with predicted annual levels being above 10%. Rental growth is also expected to be above 5.5%.
With interest rates currently so low investors are taking the opportunity to invest while times are good.
Of the top 10 suburbs, 6 of these are found in New South Wales, reported Your Investment Property. Suburbs in the Australian Central Territory and Western Australia also appear on the list, but New South Wales is clearly dominating the housing market at present.
Mount Annan, Sanctuary Point, and Karabar are three of the best performing suburbs in New South Wales.