Every year, Hotspotcentral.com.au uses the clever algorithms behind its free property research tool, Boomtown (boomapp.com.au), to predict the top property investment suburbs … pinpointing the top 33% of property hotspots with 96% accuracy and outperforming many of the property industry experts.
Here’s why Hotspotcentral picks Burleigh Waters, Queensland as a top affordable rental suburb …
BURLEIGH WATERS is a suburb in the South Gold Coast, adjacent to the popular seaside location of Burleigh Heads. The suburb achieves a good mix between capital growth potential (DSR BoomScore of 37) and gross rental yield (5.85%, which compares well to the QLD average of around 4%).[click on the image to view stats]
The rental market is very tight with vacancy rates of only 0.5% due to supply constraints in the area. The good yields and low vacancy rate makes this area attractive to landlords. Median prices have already jumped by 8.68% in the last 12 months.
With the Commonwealth Games 2018 around the corner, and Chinese tourism having jumped in the area, it is expected prices will further increase as local and foreign interest moves away from the more expensive Sydney and Melbourne property markets.
Some other top affordable rental suburbs in Queensland set to soar in 2016, in the Unit/Apartment market include Arundel, Currumbin Waters, Woodridge and Slacks Creek.
As a reminder:
A DSR BoomScore of 37 = GOOD:
This is a seller’s market. Buyers will need to move quickly. There is strong demand from buyers yet not enough properties to give them time to be choosey. Sellers don’t have long to wait before they receive a healthy offer. Prices are being driven upward. Expect good capital growth in the immediate future.
Boomtown is powered by the DSR BoomScore:
It provides a handy way to quickly identify the country’s hottest suburbs without spending countless hours searching, sorting and analysing vast amounts of property information. The DSR BoomScore measures the gap in supply and demand for units and houses in an area. The higher the score (out of 48), the better the chances of imminent capital growth.