Toowoomba City: Keep an Eye on This Investment Destination in Queensland
03.11.2023
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The Gold Coast is one of the best cities to invest in Queensland, new research reveals.
Fourteen of the city’s suburbs make Queensland’s top 20 list with Tugun crowned the best in the state and third across the country.
The research was commissioned by Well Money which identified the top 20 investment-grade suburbs in Queensland where buyers have a negotiating advantage.
Currumbin Waters (houses) came in second while Reedy Creek (houses) and Mudgeeraba (houses) ranked sixth and seventh.
Other suburbs in the top 20 included Broadbeach (units), Mermaid Beach (units) and Burleigh Heads (units).
The unit markets at Palm Beach and Tugun also made the list as well as the housing markets in, Parkwood, Pacific Pines, Highland Park and Hollywell.
The research filtered out suburbs that weren’t investment-grade, where demand had not been falling and where prices had not increased by at least 70 per cent over the past decade.
That left a list of suburbs where conditions were starting to favour buyers.
Well Money CEO Scott Spencer said some investors were sitting on the sidelines amid uncertainty over interest rates and inflation, so the research wanted to identify locations where they could buy with confidence.
“Every one of these 20 suburbs has enjoyed a net price gain of at least 86 per cent over the past decade,” he said.
“Furthermore, they all have a vacancy rate under 1.5 per cent.
“So the data suggests these are locations that would be easy for investors to rent out right now and would probably enjoy strong capital growth over the long-term.”
“Also, these are suburbs where investors have a negotiating advantage right now, for a couple of reasons.
“First, demand has been falling in these locations.
“Second, if investors reacted by offering a 10 per cent discount, they’d know vendors would probably be able to accept because they’d be surrendering only a small share of the considerable profit they’d made over the past decade.
Rank, Suburb, Postcode, Property type, 10-year gain
1. Tugun, 4224, House, 151%
2. Currumbin Waters, 4223, House, 151%
3. Twin Waters, 4564, House, 132%
4. Little Mountain, 4551, House, 107%
5. Meridan Plains, 4551, House, 107%
6. Reedy Creek, 4227, House, 106%
7. Mudgeeraba, 4213, House, 106%
8. Broadbeach, 4218, Unit, 96%
9. Mermaid Beach, 4218, Unit, 96%
10. Burleigh Heads, 4220, Unit, 96%
11. Palm Beach, 4221 Unit, 93%
12. Tugun, 4224, Unit, 93%
13. Buderim, 4556, House, 92%
14. Sippy Downs, 4556, House, 92%
15. Parkwood, 4214, House, 90%
16. Pacific Pines, 4211, House, 88%
17. Highland Park, 4211 House, 88%
18. Banyo, 4014, House, 87%
19. Boondall, 4034, House, 87%
20. Hollywell, 4216, House, 86%
Source: realestate.com.au
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