High-growth suburbs revealed in report
Purchasing residential property is a major decision which requires careful thought and ...
Purchasing residential property is a major decision which requires careful thought and consideration.
Savvy investors looking to make a profitable income from their real estate purchase will no doubt be on the lookout for new property hotspots around the country which signify up and coming places to invest.
A recent report from the SQM Research has revealed the country's top 20 emerging locations where incomes have surged the most over the last two decades - indicating growing real estate pockets.
Suburbs in inner-Sydney, Brisbane and Perth all feature on the list, suggesting young professionals favour postcodes close to capital cities.
Founder of SQM Research Louis Christopher said income growth was directly related to the performance of property prices.
Mr Christopher said increasing demand in inner-city suburbs was driving up prices - meaning high yields for those with investment properties in these areas.
In Sydney, income growth was most evident in Waterloo and Redfern, as well as Causeway, Erskineville and Darlinghurst.
Several major high-density housing developments underway in Brisbane city is believed to have contributed to its rising popularity among young professionals.
Brisbane's New Farm, Fortitude Valley and Balmoral all featured on the top 20 list.
"Recent developments in the suburbs surrounding and making up Brisbane's CBD have encouraged well-paid individuals to reside in these localities, pushing industrial-based activities to other parts of (Brisbane) and driving up income growth in the area," Mr Christopher told Australian Property Investment.