As expert Australian mortgage brokers who have provided financial advice to thousands of Australians for over twenty years. We know all the common questions first-time home buyers and first-time property investors have, particularly after the past two years of unprecedented times. Here are some commonly asked questions our mortgage brokers at First Choice have gotten recently:
Will the Australian housing market crash in 2022?
Where should I invest my property in 2022 Australia?
What is the fastest-growing suburb in Australia for 2022?
Despite what some of our clients believe, no mortgage broker is a fortune teller, but what we do is assess current trends to formulate predictions.
Lucky for you, we have condensed all our expert finance broker knowledge into this post to provide you with some of the most significant investment property alternatives available in Australia that are still close to Central Business Districts!
Bargain hunters hoping to come into the property market may be able to find a home for less than $300,000, with over 110 suburbs throughout Australia designated as emerging stars where property values would skyrocket in the next year!
Even surprising mortgage brokers, the property areas that have led the country in price increases in recent years are likely to take a back seat in the future, with Canberra and Darwin ranking ahead of resurgent Brisbane and Perth.
The Australian home market expanded significantly in the recent year, as projected. Regional markets had outstanding price rises, while capital city prices increased by 17% yearly through August 2021.
Best Regional Australian Areas for Property Investments
Regional New South Wales led the way in terms of property price growth. Parts of the Central Coast, Illawarra, and Sydney’s Outer West districts, including the Blue Mountains, were regarded as cheap NSW alternatives with properties priced between $800,000 and $900,000. Compared to Greater Sydney’s median house price, which is currently over $1.2 million.
Regional Queensland came in second, with Bundaberg East, Burleigh Waters, and Little Mountain identified as the best areas to purchase in.
Following is rural Western Australia, where lifestyle regions like Broome, Carey Park in the Bunbury region, and Halls Head in the Mandurah region have risen above mining towns with a boom-bust history.
But keep in mind that not all regional districts are inexpensive; this is where it’s critical to assess the investment’s potential, rental return, and the availability of low-interest financing with a mortgage broker.
Best Suburbs in Australia’s Capital Cities for Property Investments
New South Wales
Sydney is the highest-ranking capital city with costs ranging from low to high, but not all suburbs offer a good deal. Suburbs at the lower end of the market – by Sydney standards – have entry prices under $1 million, with Leumeah, Minto, and Jamisontown standing out.
The cheapest suburb was Leumeah, which had a median price of $650,000. Darlinghurst, Pagewood and the northern Sydney suburbs of Cherrybrook and Normanhurst made the list of inner-city areas with few rental vacancies and substantial price rises.
Australian Capital Territory
With a median price of nearly $900,000, houses in the ACT performed exceptionally well during the pandemic. ACT finance brokers appear to be almost impervious to big shocks, owing to the territory’s relatively robust job market and steady economic development.
Several areas like Harrison, Curtin, Florey, Gungahlin, and Isabella Plains are expected to soar. Canberra is a constant performer in terms of price rise, which is terrific news for homeowners. Still, those looking for affordability may need to go closer to the ACT border or further afield to emerging areas like Goulburn and Queanbeyan.
Several Victorian communities on the Mornington Peninsula and in Geelong are viewed as more reasonable, with prices in the $600,000s compared to Greater Melbourne, which has priced in excess of $900,000.
With a typical property price of less than $650,000, Cranbourne North remains a top recommended from mortgage brokers for purchasers on a restricted budget. The area is around 40 kilometres southeast of Melbourne’s Central Business District.
Acacia Ridge, Logan and Moreton Bay South are more inexpensive neighbourhoods with good access to the Central Business District in Queensland. These areas offer individuals with a budget of roughly $500,000 or less have opportunities to purchase with the guidance of an experienced Brisbane finance broker, of course.
Brisbane placed last overall for ideal investment property locations in Australia, with a median price in Greater Brisbane of roughly $650,000. But with the Olympics coming in 2032 and Australians searching for a change, the market is predicted to surge next year. Annerley, Paddington, Carindale, Michelton, Sandgate, and Kippa-Ring were among the promising suburbs.
Despite recent increases in electric home prices in Hobart, many inexpensive regions remain significantly below the median house price, which is currently nearing $500,000, according to Tasmanian finance brokers.
Adelaide North has the cheapest homes in South Australia, while Greater Adelaide’s median home price is $550,000. But as house demands increase, the median house price in the South Australian capital is likely to surge towards $600,000 or more. Despite this, it is still feasible to acquire residences at significantly lower prices in many of Adelaide’s outer-suburban districts with the guidance of an experienced Brisbane mortgage broker, of course.
While the Perth market has not been particularly robust over the last half-decade, several locations continue to provide affordable housing with high growth over the last five years. The typical property price in Perth is roughly $550,000, implying plenty of room for growth as the state’s economy develops according to the resources cycle.
Thinking of Investing in Property? Get Started Today with a First Choice Mortgage Broker!
Please contact us to discuss your investment property options; we are the best mortgage brokers in Sydney! We specialise in first-time homebuyers, complicated mortgage applications, business mortgages, and other types of mortgages.
Here at First Choice, our best mortgage brokers Sydney teams know how difficult these decisions are for homebuyers to navigate through, which is why our finance broker Australian specialists are here to assist you through the entire home loan process!
First Choice, our best mortgage brokers Sydney teams have over 30 years of experience in the finance and banking Industry. We are well-positioned to assist you with all your financial requirements. Our finance brokers in Australia are available to discuss your current situation and how First Choice Mortgage Brokers can assist.
From business loans, home loans, investment properties, debt consolidation, personal risk insurance, commercial insurance brokers and everything in between, we offer all mortgage broker services for FREE! So, you can sit back and relax while we do the running around to find the perfect fit for you.
First Choice Mortgage Brokers offers services throughout all major capital cities, including the best Mortgage Brokers Sydney, Mortgage Brokers Melbourne, Mortgage Brokers Brisbane, Mortgage Brokers Adelaide, Mortgage Brokers Perth and throughout Australia.
Please call First Choice Mortgage Brokers on 1800 111 455 or email First Choice Mortgage Brokers at firstname.lastname@example.org to discuss your home loan opportunities and any assistance in accessing the home loan application process.