5 NSW suburbs set for growth in 2014, for under $450,000
Monday, 7 April 2014 12:00 AM
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.