If you are looking for a house For sale In Aintree, finding out which locations are expected to grow in 2021 could help you navigate your property buying decisions. Irrespective of whether you’re a first-time home buyer trying to take advantage of government incentives or a seasoned investor eager to join in, real estate agents Thornhill Park can help you make the right decision.
Optimistic market trends
According to property analysts, this year’s property market performance is expected to be good. As investors re-enter the market, it is expected that there would be even more severe competition last year. To begin with, national property prices are expected to rise by more than 10% on average.
While urban flats near the CBD in major cities have dominated in the past, analysts believe that a regional shift in Australia’s property market will have a significant impact over the next decade. As a result, the best suburbs to invest in for 2021 in Australia are in the rural districts of big cities. Furthermore, due to the rise of the work-from-home trend, buyers and renters are now preferring to live in larger homes.
This is an important consideration, particularly for property investors looking for a balance of long-term growth and high yields.
Areas with more demands
A recently published research identifies the top places where renter interest has increased. The Logan and Beaudesert regions south of Brisbane are at the top of the list, with investor activity jumping over 350 percent year on year. Moreton Bay – south is the second-best, with an almost 200 percent increase.
As of 2021, Southeast Queensland is a clear favourite, as pointed out by real estate agents Thornhill Park. Greater Brisbane (up nearly 200 percent), Darwin (150 percent), and regional South Australia (110 percent) have all experienced significant year-on-year growth.
Mackay on the Coral Sea Coast, Brisbane – South, Ipswich in Brisbane, North Toowoomba, Inner City Brisbane, Moreton Bay – North, the Barossa region in South Australia, the Murray region, Gold Coast, NSW’s Mid North Coast, Brisbane – East, New England, Far West NSW, and Orana plus Southeast Melbourne are among the other regions on the investor hit list.
Affordability has boosted rental interest
As per the reports published by real estate agents Caroline Springs, rental interest in the above-mentioned places appears to have been sparked by relative affordability and tight rental markets. Property in Southeast Queensland and Brisbane, for example, is still relatively inexpensive compared to Sydney and Melbourne, and the investment hotspots provide higher yields than NSW and Victoria.
For example, the median three-bedroom house rent is $340 per week. This equates to a gross yield of over 5.5 percent. Sydney’s average yield is 2.5 percent, while Melbourne’s average yield is 2.8 percent.
If you are looking for a house For sale In Aintree, make sure you consult N7 Real Estates beforehand. Top real estate agents Caroline Springs are waiting to solve your queries.