Ethos Urban has revealed Australia’s investment hotspots with Queensland’s Woolloongabba and Burleigh Heads taking out the top two spots. Factors determining the list include infrastructure spending, average rental yields, population growth and lifestyle.
Speaking to The Urban Developer, Chris McNeil of Ethos Urban said that transport, attractiveness for renters, the town centre and potential for new developments weighed heavily in the criteria. “Woolloongabba, for example, is already serviced by two train stations and the new Cross City Rail Project will provide a line running directly under the suburb, increasing connectivity and changing the way people use the area,” he said.
“This will only be bolstered in the coming years as Brisbane prepares its infrastructure for the 2032 Olympics. Add to this, the exciting atmosphere in Logan Street, its rapid population growth and steady house price growth, and it really does offer a unique opportunity for those looking to invest in the residential property market.”
NSW suburbs dominated the list and VIC claimed three spots in the top ten.
Metro connections and price growth were the biggest drivers of investment in NSW while VIC added on the eclectic atmosphere of places such as North Melbourne.
ME Bank commissioned the research from Ethos Urban.
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