5 NSW suburbs set for growth in 2014, for under $450,000

5 NSW suburbs set for growth in 2014, for under $450,000

Each year Your Investment Property Magazine publishes a feature on Australia’s top 100 suburbs for the year ahead.

These are 5 of the suburbs in NSW with growth potential for 2014 and beyond.

Tweed Heads South NSW

  • Location: 666km from Sydney
  • Median house price: $391,250
  • Rental yield: 5%
  • Vacancy rate: 0.98%
  • 12-month price growth: 7%

Close to the QLD boarder, beaches and critical infrastructure Tweed Heads South remains very cheap when compared with Tweed Heads, which is just a few kilometres away.

Its still possible to snag a house in the high $200,000’s to low $300,000’s, or an apartment for around $150,000.

OnTheHouse predicts the area will see 10%+ price growth per annum over the next 5 years.

Ropes Crossing NSW

  • Location: 49km west of Sydney CBD
  • Median house price: $448,000
  • Rental yield: 5.6%
  • Vacancy rate: 3.4%
  • 12-month price growth: 2%

With investors sweeping into nearby suburbs like Mount Druitt and St Marys, Ropes Crossing has been largely overlooked.

With significant potential for future development and connections to the Blacktown council, which boasts the fastest growing population in Sydney, Ropes Crossing is becoming increasingly desirable place to live.

Goulburn

  • Location: 90km northeast of Canberra
  • Median house price: $285,500
  • Rental yield: 5.6%
  • Vacancy rate: 1.6%
  • 12-month price growth: 4%

Home to some 21,000 people Goulburn’s property market has remained strong, offering a cheaper alternative to Canberra. The difference between these two markets is significant, with median house prices in Goulburn sitting at $285,000, half that of Canberra at $550,000.

As families struggle in Canberra with affordability the attractiveness of Goulburn, which is commuting distance from the ACT, will rise.

Like what you’ve read so far? Join over 9500 investors and Subscribe to our FREE MONTHLY NEWSLETTER here.

Kariong NSW

  • Location: 69km north of Sydney CBD
  • Median unit price: $390,000
  • Rental yield: 6%
  • Vacancy rate: 1%
  • 12-month price growth: 2%

Close to Gosford, Kariong is becoming increasingly popular to homebuyers sick of sky rocketing prices in Sydney.

With a median house price of $390,000 and a short commute from Sydney, Kariong is becoming a bargain.

This suburb has not seen any price growth since early 2000, which means it could see a strong rebound, given the current level of interest among homebuyers and investors.

Kariong is close to the M1, local beaches, Gosford CBD and quality schools.

The fact that 3 year growth was just 3%, which is below average in this region, means Kariong could be in line for growth over the near to medium turn.

North Lambton NSW

  • Location: 9km from Newcastle CBSD, 116km from Sydney CBD
  • Median unit price: $385,000
  • Rental yield: 5%
  • Vacancy rate: 2.36%
  • 12-month price growth: 7%

Its proximity to the University of Newcastle, Lampton city centre and the John Hunter Hospital makes this suburb popular for local students and hospital employees, who provide a strong tenant pool.

According to RP Data figures, North Lampton has an average annual growth rate of 5.2% and a five-year growth rate of 18%.

These affordable prices and proximity to the Newcastle CBD, makes North Lampton an investment likely to pay off.

The information provided in this blog is of a general nature only and in no way constitutes legal or professional advice, or specific advice in relation to any finance. In all cases we recommend you receive professional financial advice for your own personal circumstances.

Ben Everingham

About

Ben founded Pumped On Property after building a multi-million dollar property portfolio over a 5 year period. His mission is to show you how to replace your income through property investing so you can do what you love…full time.