Best growth areas in metro areas

Discussion in 'Where to Buy' started by D.T., 21st Jun, 2019.

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  1. D.T.

    D.T. Specialist Property Manager Business Member

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    Article on realestate.com.au this morning had the following as the top 10 growth areas within metro areas:

    Suburb / Median / Growth
    1. Highbury SA / 587K / 26%
    2. Palm Beach NSW / 3.4M / 24%
    3. Chigwell TAS / 326K / 23%
    4. North Adelaide SA / 1M / 22%
    5. Smithfield Plains SA / 212K / 20%
    6. Dodges Ferry TAS / 360K / 20%
    7. Marino SA / 735K / 20%
    8. Warburton VIC / 527K / 20%
    9. Whittlesea VIC / 643K / 19%
    10. Collaroy NSW / 2.8M / 19%

    Seems like there's something for nearly everyone among that lot, good range of locations and good range of price brackets.

    Full article: 10 Metro Suburbs Shine with Double-Digit Growth - realestate.com.au
     
  2. TMNT

    TMNT Well-Known Member

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    Yeah saw that.
    Seems a lot of SA and entry level markets

    One suburb not on that list was 30% growth this year alone (not sure if the data was totally reliable thoguh)
     
  3. 2FAST4U

    2FAST4U Well-Known Member

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    From the SA suburbs with the exception of Smithfield Plains they are all middle ring suburbs.
     
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  4. Skinman

    Skinman Well-Known Member

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    Good to see a 5049 in there ;)
     
  5. Joseph

    Joseph Well-Known Member

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    Hmmm Marino... it would be low volume and a very different mix of housing being sold (e.g. $500k vanilla houses and $1M+ with ocean views), so if this is a straight up median based on all sales I would be a little skeptical of the change (without taking time to find comparables).

    That said I think Marino offers some exceptional value for money (even if it has already increased 20% over the last year). Big house on a big block, with million dollar views, close to the beach, with good transport options for the price of a 2 bedroom apartment in Sydney? Yes please :D
     
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  6. Skinman

    Skinman Well-Known Member

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    Fair point and I was thinking exactly the same myself. Was more tongue in cheek as I’ve got a place in Seacliff.

    Saying that still very confident there is a lot of growth to come on that side of Brighton Rd.
     
  7. D.T.

    D.T. Specialist Property Manager Business Member

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    Cant go wrong investing on the west side of Brighton Rd at all
     
  8. Woodjda

    Woodjda Well-Known Member

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    Warburton and its surrounds are lovely but calling it metro is pretty ridiculous. It's 75km out of Melbourne. Almost an hour and a half in good traffic. Even Whittlesea is a long, long way out.