Top 3 Growth Regions for Property Investment in Australia

For a suburb to be among the very top, factors such as transportation, public hospital, infrastructure and other such growth aspects are considered particularly important.

Shopping spaces can also have a significant impact on market prospects, but not as substantial as infrastructure costs, such as the construction of new roads and highways, rail links, tunnels, and bridges.

Real estate analysts predict that this year can become one of the strongest years for real estate investment. It is believed that buyers may be more competitive than last year as investors re-enter the market, and national housing prices could rise by more than 10% on average.

The top three locations, based on infrastructure and economic developments are mentioned below.

Sunshine Coast, Queensland

Sunshine Coast offers investors the opportunity to be part of the most exciting development in Australia.

The new fifty-three hectares Maroochydore CBD, expansion of Sunshine Coast Airport for international flights, continued growth of Sunshine Coast University to become the first university city in Australia and development of more than $1 billion on Bruce Highway.

It will also consist of one of the largest health infrastructure facilities to be developed in Australia with a $1.8 billion Higher Education Hospital.

All of these plans by the government suggest that Sunshine Coast could turn out to be a great long-term investment opportunity.

Bendigo, Victoria

The Victorian government's recently announced $2 billion Regional Rail Revival program to allow trains to run every 20 minutes is a welcome prospect.

Also, upgrades to Bendigo Senior Secondary College and other infrastructure-related investments suggests that Victoria is eager to expand beyond Melbourne while providing close proximity to CBDs and shorter travel times.

With the creation of a “Gov Hub” in Bendigo, The government aims to bring in additional 1,000 jobs to the public sector.

All of these developments indicate that Bendigo will soon be ready to attract national and international investments.

Toowoomba, Queensland

Queensland is among the most sought-after state in entire Australia for investment property. The state government of QLD have emphasised and budgeted generously to bring more and more new regions on par with Brisbane by reducing travel times to the CBD and increasing job opportunities.

The most notable development that is proposed in recent times is a new Toowoomba Hospital.

To capitalise on the boom of Legalising Marijuana in the U.S., a marijuana farm is proposed.

Also, the Inland Rail project is under construction and the Wandoan Battery Project is approved to operate 57,000 homes.

These developments do indicate that Queensland Government has bigger and better plans for the state in the near and distant future.

Your Takeaway

Suburbs, locations, cities are all relative based on your needs, budget and growth vs revenue objectives.

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