For investing in Australian real estate, selecting the right locations is paramount. According to analysis and recommendations by Mr. Lloyd Edge for the Australian real estate market in 2024, here are some of the hotspots he identifies as worthy of investment:
Sydney, being the largest city in Australia, has consistently been a top choice for real estate investors.
Coogee: This coastal suburb in Sydney's east has experienced continued growth in recent years. Rising property values in the area, along with planned infrastructure projects such as improvements in transportation and community facilities, further fuel the growth potential for investments.
Kingsford: Kingsford, situated close to the University of New South Wales, stands to benefit from the upcoming Southeast Light Rail project. The completion of the light rail project will provide improved transportation connectivity and convenience, attracting more homebuyers and rental market demand.
Kensington: Known for the University of New South Wales and the National Institute of Dramatic Art, Kensington is seen as a promising investment area. Additionally, the construction of the Southeast Light Rail project will enhance the area's transportation accessibility, increasing its investment appeal.
Melbourne, as the second-largest city in Australia, also holds investment value.
Caulfield: Located in the southeastern part of Melbourne's city center, Caulfield enjoys convenient transportation connections, driving considerable demand for investment properties. Diverse housing options and a convenient lifestyle make it a popular choice for investors.
Elsternwick: Only 9 kilometers from Melbourne's city center, Elsternwick, near the beach, is considered an ideal suburb. It boasts not only comprehensive facilities but also attracts many homebuyers seeking a more livable lifestyle.
Ormond: Situated in the southeastern part of Melbourne, Ormond has a high owner-occupier rate, making it a stable investment choice. The area's thriving café culture attracts investors seeking stable returns and long-term growth.
Brisbane, a rapidly developing city in Australia, also demonstrates potential in real estate investment.
Teneriffe: Located near Brisbane's central business district, Teneriffe offers a high level of convenience in daily living. In recent years, the area has shown strong growth, especially in terms of property prices and rents.
New Farm: Positioned alongside the river, New Farm boasts a charming natural environment and convenient living conditions, making it a sought-after location for investors. Whether for purchasing or renting, New Farm has captured the attention of many.
Ascot: Preferred for its location between Brisbane's major employment hubs, coffee precincts, and school-dense areas, Ascot enjoys high popularity. Its advantageous geographical position makes it the preferred choice for families seeking convenient living and good educational resources.
