AUSTRALIA’S 2020 PROPERTY HOTSPOTS
With the start of the new year comes the year’s anticipated property hotspot predictions. For those looking to enter the market or for seasoned investors looking for their next ideal suburb, here’s the wrap-up of the best suburb picks for 2020 based on relevant property data from Domain and Realestate.com.au.
Launceston is the tip for Hobart with impressive work opportunities and employment growth with a new University providing local job opportunities.
We are looking beyond the capital city of Brisbane to the larger regional areas of Cairns and Mackay. Cairns is being boosted by a current employment boom and an increase in tourism. Additionally, the Gold Coast continues to offer attractive investment opportunities when compared to the likes of their capital city counterparts.
Sydney is benefitting from an increase in house prices, with the suburbs of Botany and Kingsford on the radar. Kingsford is looking to be a suitable alternative to Randwick. The Northern Beaches continue to be a spot in high demand. On the NSW far north coast, search activity from Byron north to the border is also high on the agenda.
Again, regional areas are on the radar such as Bendigo and Mildura as people are being squeezed out of the inner city property market.
With lagging house prices, Perth has just one suburb on the hot list with Lathlain moving up the most desirable suburb ladder.
The NT continues to struggle with housing activity, although Wanguri tipped to see an increase in activity over the coming year.
Salisbury Heights is leading the way in South Australia with a growth of 5.92 per cent and tipped to see further interest over the year.