Revealed: 66 new property hotspots, including one with a population of just 845

Western Australia and Queensland are where investors should be looking for new investment hotspots, analysis of Australian Property Investor magazine’s hot 100 list has revealed.

The 2012 list features 66 locations that are appearing for the first time, with 20 in Western Australia and 17 in Queensland.

The WA and Queensland picks include both capital city suburbs and remote mining towns benefiting from the resources boom.

Among the most interesting new entrants is Onslow, which has a population of just 845 and is 3,718 kilometres from Perth.

According to property valuer Brad Mazza at LandMark White Hegney, the local council for Onslow is “average”, accessibility is “very poor” as there are no flights into the area (you need to fly to either Karratha or Exmouth), and services and amenities are “poor” with “limited houses and very basic amenities”.

However, its location south west of Karratha on the coast of the Pilbara region means it is rapidly turning into one of Australia’s mining boom towns.

Mazza says that while prices have already gone through the roof with some vacant blocks of land costing more than $1 million, there’s still talk of prices increasing further. 

Major projects underway in Onslow include the massive 8,000-hectare Ashburton North Strategic Industrial Area, with BHP Billiton and Chevron both fully committed. 

A four-bedroom house on Burt Close in Onslow is asking rent of $2,800 per week – similar prices to those being charged in Port Hedland, also in the Pilbara. 

Other mining hotspots on the list for the first time include Karratha in the Pilbara, Moranbah in Queensland’s Isaac region, Bundaberg, 300 kilometres north of Brisbane, Ceduna, 550 kilometres north west of Adelaide, Mackay, 800 kilometres north west of Brisbane, Newman, 1,000 kilometres north of Perth, and Oakey, near Toowoomba

City suburbs like Osborne Park, just seven kilometres from Perth, is picked by Australian Property Monitors to boom on the back of “$100 billion in mining industry activity” in WA.

NSW accounts for eight of the new investment hotspots (all of which are Sydney suburbs), there are seven each in Victoria (two being Bendigo and Ballarat) and South Australia, three in the Northern Territory, two in the ACT and two in Tasmania.

 

 

The full alphabetical list is:

  1. Ballarat, Vic
  2. Belmont, WA
  3. Bendigo, Vic
  4. Box Hill, Vic
  5. Broome, WA
  6. Bundaberg, Qld
  7. Camperdown, NSW
  8. Carindale, Qld
  9. Carlton North, Vic
  10.  Ceduna, SA
  11. Chermside, Qld
  12. Cloverdale, WA
  13. Como, WA
  14. Dickson, ACT
  15. Dunsborough, WA
  16. Dutton Park, Qld
  17. Eden Hill, WA
  18. Edgewater, WA
  19. Enmore, NSW
  20. Fremantle, WA
  21. Gawler, WA
  22. Granville, NSW
  23. Hackham, SA
  24. Heathridge, WA
  25. Highgate, WA
  26. Indooroopilly, Qld
  27. Karratha, WA
  28. Kawana, Qld
  29. Kellyville, NSW
  30. Keperra, Qld
  31. Mackay, Qld
  32. Magill, SA
  33. Maroubra, NSW
  34. Marrickville, NSW
  35. Midland WA
  36. Moorooka, Qld
  37. Moranbah, Qld
  38. Murarrie, Qld
  39. Neutral Bay, NSW
  40. Newman, WA
  41. Ningi, Qld
  42. Norwood, SA
  43. Nundah, Qld
  44. Oakey Qld
  45. Onslow, WA
  46. Osborne Park WA
  47. Palmerston, NT
  48. Parap, NT
  49. Port Hedland, WA
  50. Port Lincoln, SA
  51. Roma, Qld
  52. Roxby Downs, SA
  53. Smithton, Tas
  54. Summerhill, NSW
  55. Sunshine, Vic
  56. Tennant Creek, NT
  57. Turner, ACT
  58. Underwood, Qld
  59.  Warrane, Tas
  60. Werribee, Vic
  61. West Footscray, Vic
  62. Westminster, WA
  63. Willetton, WA
  64. Woodville West, SA
  65. Yangebup, WA
  66. Yeerongpilly, Qld

The full hot 100 list is in the April issue of Australian Property Investor, which is on sale now.

Photo courtesy of Trip Advisor.

This article first appeared on Property Observer

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