Annual Hot 100 suburbs list released by Australian Property Investor magazine
This years Australian Property Magazine Hot 100 list has been revealed, pinpointing the next house price growth hotspots across the country. It indicates that the property market in Australia is finally picking up and we’re seeing a recovery in prices, sentiment and buyer activity. Already this year there has been a 1.5% lift in house prices across Australia – with five out of eight capital cities recording positive growth. NSW and QLD are leading this year’s forecast of growth prospects. There has also been a shift back towards metropolitan areas when it comes to investment potential compared to previous years, with 65 per cent of the Hot 100 list being within 30 kilometres of a capital city.
There are a number of factors at play driving the hotspots’ prospects, from population growth and infrastructure development to gentrification and affordability. Here at House Search, our comments were included in Sydney suburbs ranging from Newtown to Rouse Hill along with some surprising statistics on buyer demand and current market activity. We believe 2013 looks set to be a year of recovery for many suburbs here in our fair city.
See the press release by API magazine here for further information.The next 100 property hotspots revealed