Where Australia’s Top Property Team Are Investing Right Now
What if you could harness the power of Australia’s top property research team, and know exactly where the best places to invest are?
Our research team have the finger on the pulse of Australia’s different property markets.
And we have identified 3 states which our research tells us are the best places to invest.
I should point out, these are not specific suburbs.
Suburbs within states can vary over time, as does the quality of stock in each.
What’s important is you understand what’s driving the real estate market in each of our 3 states so you know where to start.
Or we can work with you to narrow down your selection.
Victoria
Victoria has fallen out of favour with many investors.
And it’s easy to see why.
Low capital growth, higher land taxes to pay the state’s COVID debts and new levies on short stay rentals have spooked investors.
However, ignoring Victoria is a mistake.
Melbourne might have recently slipped to 6th spot in the capital city house price list.
However, our research indicates this is only temporary.
Our research indicates Victoria is a sleeping giant, and is ready to wake up and regain it’s traditional second place on the list.
This is why we predict significant gains over the next 24 months.
Also in Victoria’s favour is how strong the economic fundamentals which drive house prices are.
The thriving multi-cultural state is a magnet for international immigrants, with a 2.9% increase in population in the last 12 months.
This ranks Victoria as the second fastest growing state, slightly below Western Australia. (National, state and territory population, September 2023 | Centre for Population)
The more people move to a location, the more demand there is for housing and house prices are forced up as a result.
The government in Victoria is also very committed to improving its infrastructure, outspending every other state by a wide margin.
The state invests an astonishing 20% of its budget to major projects, compared to just 8% in Western Australia.
New roads, train lines and transport hubs are attracting more business to the state, and residents are finding it easier to get around too.
With it’s thriving cultural scene, excellent transport and major events, it’s a popular place to live.
In fact, Melbourne was recently ranked 9th best city in the world.
Better still, Melbourne properties are a bargain at the moment, with the city the second most affordable city for buyers in Australia.
And rental yields are between 4% to 4.5% which are among the most attractive in the country.
With so many people flocking to Victoria, demand for housing remains high. And with such incredible investment in infrastructure, we predict Victoria to continue being one of the strongest and most stable places to invest for years to come.
Queensland
Queensland is a state we rank very highly for investors.
One reason is demand for housing in Queensland is extremely high.
Not only is it a popular state with migrants to settle in, it also enjoys an immense state-to-state migration with 31,595 people relocating to Queensland in the past 12 months.
Compare this to NSW where 31,678 residents left to move elsewhere.
Brisbane also benefits from being the host city for the Olympic Games in 2032.
Many of the new residents to the state are here for the massive construction boom in the leadup to the games.
And the government is spending big to improve infrastructure for the games, opening the wallet and investing $7.1 billion to create world class road, rail and public transport networks.
It’s no surprise that Brisbane house prices are already surging, up a mouth watering 15.5% in 2023, making Brisbane the second most expensive capital city in Australia.
And impressive 8.6% increase in rents in 2023 is great news for investors as well who are looking for strong cashflow to support their portfolio.
Rock bottom vacancy rates indicate this strong rental growth is likely here to stay.
And while Brisbane house prices are already moving up, our research indicates this is only the beginning and there is ample growth left in the market for investors.
Western Australia
Western Australia is one of our favourite markets because of the sheer volume of economic activity going on.
Western Australia, and in particular Perth is one of the world’s biggest mining centres with billions being invested in extracting iron ore, natural gas, gold, alumina, nickel and copper.
These are not short term projects either.
These mines are planned to run for years, even decades.
And many of the world’s largest mining companies have head offices in Perth.
It’s not just mining though.
Perth’s proximity to Asia, along with a thriving tourism industry has made the city one of the most prosperous in the country.
And it’s unemployment rate of 3.7% is well below the national average.
The insatiable demand for Western Australia’s minerals along with it’s overall economic strength has seen property prices soar in the last 12 months.
Capital growth in Western Australia lead the country in 2023 with prices climbing 24.7%.
And the appetite for houses continues to lead the country with houses typically selling in 10 days, compared to Sydney where they linger on the market for 34 days.
Rents rose 12.1% last year – the highest in the country.
And with a vacancy rate of just 0.8%, rents are sure to continue higher as potential residents search for properties.
There’s no doubt Western Australia is the economic powerhouse of the country, and with so many people choosing to move to Perth we predict house prices and rents to deliver wealth for investors for many years to come.
Start Your Property Investment Journey with AllianceCorp Property Experts Now
Victoria, Queensland and Western Australia present outstanding opportunities for property investment. With strong population growth, unmatched infrastructure spending, proven long-term capital growth, and increasing affordability, there has never been a better time to invest.
Ready to invest? Contact AllianceCorp today to book your free consultation and learn more about how you can take advantage of these incredible opportunities. Our team of experts is here to guide you every step of the way.