List reveals 42 suburbs with bright prospects for price growth

Sydney and Perth suburbs, many of them in the cities’ outer rings, dominate a list of 42 top price growth hotspots for 2012.

 

The 42 suburbs have been cherry-picked from the “601 Top Suburbs” report compiled by Smart Investor magazine.

Out of the 601 suburbs, only 19 are expected to show price appreciation of more than 5% with eight each in NSW and Western Australia and three in Queensland.

Indicating the subdued outlook for Victoria in 2012, only seven suburbs are forecast to deliver returns of 4%.

The NSW list is made up entirely of Sydney suburbs, with half of these in the outer west – a growth hotspot identified by the likes of SQM Research director Louis Christopher and Douglas Driscoll, CEO of Starr Partners.

The WA list indicates a developing hotspot south of Perth, with median house price in Thornlie, Canning Vale and Willetton expected to grow more than 5% in 2012.

The Queensland list is made up entirely of remote mining towns.

NSW top growth suburbs in 2012 (5% plus)

  • Cremorne Point units (north shore)
  • Hillsdale units (eastern suburbs)
  • Smithfield houses (outer west)
  • Five Dock houses (west)
  • Condell Park houses (outer west)
  • North Rocks houses (outer west)
  • Villawood houses (outer west)
  • Marsfield units (north west)

WA top growth suburbs in 2012 (5% plus)

  • West Perth houses and units
  • South Hedland houses (mining, Pilbara)
  • Willetton houses (south Perth)
  • Bassendean houses (north east Perth)
  • Port Kennedy houses (outer south Perth)
  • Thornlie houses (south east Perth)
  • Boulder houses (west Perth)
  • Canning Vale houses (south Perth)

Queensland top growth suburbs in 2012 (5% plus)

  • Moranbah houses (mining, Isaac region)
  • Blackwater houses (mining near Rockhampton)
  • Emerald houses and Units (mining, central highlands)

Victoria top growth suburbs in 2012 (4%)

  • McCrae houses
  • Kialla houses
  • Maryborough houses
  • Portland houses
  • Horsham houses
  • Red Cliffs houses
  • Miners Rest houses

South Australia top growth suburbs in 2012 (4% plus)

  • Roxby Downs houses
  • Ingle Farm houses
  • MunnoParaWest houses

ACT top growth suburbs in 2012 (4% plus)

  • Gungahlin houses
  • Monash houses

TAS top growth suburbs in 2012 (4% plus)

  • New Town units
  • Queenstown houses
  • Lenah Valley houses
  • New Town houses
  • Blackmans Bay houses

NT top growth suburbs in 2012 (4% plus)

  • Roseberry houses and units
  • Bellamack houses
  • Parap units
  • Stuart Park houses
  • Bakewell houses
  • Gunn houses

This article first appeared on Property Observer.

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