Market Update: May 5th 2016
Population Movement – Identifying long term increase
As an investor, we all want to know where we are going to get a reliable income from our investment property. Weeks without rent are damaging, and can go on (and on) if growth stalls, or worse still; stops for a long period of time.
Ups and downs in your rental rate and vacancy time can and will vary over the length of your investment, but what’s important is that the long term growth continues to happen in your area. Read this weeks Matusik Update on recent population growth areas here.
Capital cities are generally good areas to watch, but once you pick a city, you then need to narrow down which suburb, and what kind of growth it’s experiencing, and of course, what the new population are looking for.
What the new wave of people looking for is something we’ve been watching very closely. The old days of large blocks with endless grass areas and large gardens are almost gone from the investor market. Tenants want ease of everything. Easy to maintain, easy to access, easy to travel from, easy to manage. So finding properties that suit the new demand, and realising that it’s different than it may have been 10 years ago, is key.
As outlined in the Matusik update recently, here are the areas identified by the ABS in Australia’s population growth. Click here to read the full Matusik Market update.
Annual population growth
Major urban areas
Melbourne 91,600 29%
Sydney 83,300 26%
Brisbane 35,200 11%
Perth 31,100 10%
Adelaide 12,100 4%
Canberra 5,400 2%
Darwin 2,600 1%
Hobart 1,700 1%
Capital Cities 263,000 83%
Gold Coast/Tweed 10,800 3%
Sunshine Coast 4,870 2%
Newcastle 3,960 1%
Wollongong 3,330 1%
Geelong 3,240 1%
Central Coast NSW 2,200 1%
So, now you can see where good areas may be, the next step is deciding what, and narrowing down your area.
Keep an eye out for this months Top 5 Properties to give you a step ahead the rest.
View more of the properties we have available on our site here.