A Current Affair – Property Hot Spots
Property Hot Spots
Those living in fear of world financial doom may be in for the surprise of their life — their home could actually be defying the crunch.
Australian Financial Review’s Smart Investor Magazine has assembled the house price bible, identifying 700 of Australia’s best-performing suburbs.
Victoria’s hottest suburb is Lyndhurst, which has risen 75 percent — raising the average home’s worth to over $300,000.
And defying the doubters in Queensland is Agnes Water, which has shot upstream by almost 70 percent — making an average unit worth about $515,000.
Is your suburb set to skyrocket?
Property Hot Spots – by state:
ACT
Forrest
Barton
Campbell
Pearce
Franklin
Forde
Greenway
NORTHERN TERRITORY
Marlow Lagoon
The Gardens
Rosebery
Sadadeen
Dundee Beach
Alawa
Parap
Farrar
NSW
Casuarina
Kilara
Wee Waa
Lindfield
Ramsgate Beach
Murrurundi
Sapphire Beach
Lockhart
QUEENSLAND
Mons
Manly
South Brisbane
Richmond
Beenleigh
Mons
Richmond
Bloomsbury
SOUTH AUSTRALIA
Teringie
North Beach
Kensington
West Lakes
Whyalla Norrie
Grange
Mansfield Park
Kurralta Park
TASMANIA
Exeter
Glebe
Stieglitz
Quoiba
Moonah
Glen Huon
White Beach
Midway Point
VICTORIA
Nhill
Longford
Portsea
Box Hill
Jacana
Broadmeadows
Hadfield
Attwood
WESTERN AUSTRALIA
Coolgardie
Boulder
South Boulder
Peppermint Grove
Coolgardie
South Boulder
Narembeen
Boulder
Souce – Channel 9 (A current affair)
For example, a home in Sapphire Beach, NSW has gone up by an average of 79 percent in just 12 months — meaning some people have earned almost a thousand dollars a day in the past year.
Sydney suburbs and surrounds
Eastern Suburbs
Point Piper, Darling Point, Watsons Bay, Vaucluse, Woollahra, Rose Bay, Dover Heights, Double Bay, Centennial Park, Diamond Bay, North Bondi, Bondi, Bondi Junction, Paddington, Queens Park, Waverley, Tamarama, Clovelly, Bronte, Coogee, Randwick, North Randwick, Kingsford, Kensington, Maroubra, Lurline Bay, Pagewood, Elizabeth Bay, Potts Point, Wooloomooloo.
Lower North Shore
Mosman, Cremorne, Neutral Bay, McMahons Point, Waverton, Wollstonecraft, Greenwich, Hunters Hill, Woolwich, Huntleys Point, Riverview, Longueville, Northwood, Cammeray, Crows Nest, Naremburn, Northbridge.
Mid North Shore
Artarmon, Lane Cove, Chatswood, Willoughby, Castlecrag, Middle Cove, Castle Cove, Roseville, Roseville Chase, Lindfield
Upper North Shore
Killara, Gordon, Pymble, Turramurra, Wahroonga, Warrawee, St Ives, Hornsby, Waitara
Northern Beaches
Manly, Seaforth, Balgowlah, Fairlight, Manly Vale, Harbord, Queenscliff, Curl Curl, Dee Why, Freshwater Beach, Long Reef, Brookvale, Collaroy, Narrabeen, Elanora Heights, Warriewood, Mona Vale, Bungan, Bilgola, Avalon, Newport, Church Point, Bayview, Clareville, Whale Beach, Palm Beach
Northern Beaches / North Shore
Frenchs Forest, Forestville, Killarney Heights, Beacon Hill, Belrose, Allambie Heights, Oxford Falls, Davidson
Inner West
Balmain, Birchgrove, Glebe, Newtown, Annandale, Rozelle, Lilyfield, Leichhardt, Stanmore, Petersham, Summer Hill, Lewisham, Marrickville, Dulwich Hill, Darlington, Tempe, Erskineville, Alexandria, Hurlstone Park, Haberfield, Croydon, Five Dock, Drummoyne, Concord, Russell Lea, Wareemba, Enfield, Ashfield, Burwood, Strathfield
Southern Highlands
Bowral, Moss Vale, Mittagong, Berrima, Burradoo, Burrawang, Robertson, Wildes Meadow, Bundanoon, Exeter, Sutton Forest, Marulan, Fitzroy Falls, Joadja, Canyonleigh, Kangaloon, Kangaroo Valley & Alpine.
South Coast
Bundeena, Stanwell Park, Coalcliff, Kiama, Jamberoo, Gerringong, Berry, Gerroa, Nowra, Culburra, Huskisson, Vincentia, Jervis Bay, Hyams Beach, Callala Bay, Mollymook, Ulladulla & Milton.
Central Coast
Terrigal, Avoca, Killcare, Hardys Bay, Wagstaffe, McMasters Beach, Wamberal, Forresters Beach, Copacabana, Pearl Beach, Yarramalong, Wyong & The Entrance.
Blue Mountains
Glenbrook, Blaxland, Springwood, Faulconbridge, Hazelbrook, Lawson, Wentworth Falls, Leura, Katoomba, Blackheath, Mount Victoria & Hartley.
Double Bay
Located in the Eastern suburbs, Double Bay is in the process of a resurgence, and is a suburb that Homesearch Solutions is tipping for relatively high capital growth prospects.
When Westfield opened in nearby Bondi Junction in late 2003, many of the shops subsequently went out of business in Double Bay and brought about a slump for the commercial profitability of the suburb, previously known by it’s nickname “Double Bay – Double Pay”. The closing of the Village Cinema and loss of public car parking areas further contributed to it’s general decline.
However over the past couple of years Double Bay has re-invented itself, particularly with it’s new unit residential developments such as the Stamford Cosmopolitan Centre in Knox Street, previously the Sir Stamford Hotel, which is due for completion in late 2009. In Cross St, the Ashington Group is proposing to re-develop the Stamford Plaza site with a new luxury residential & retail building.
On the other side of New South Head Rd, discussions continue between Woollahra Council and Woolworths about a low-rise development on the Kiaora Lands site.
Apart from the new developments, Double Bay is full of quality restaurants, hotels, cafes, shopping & other amenities, with a sophisticated village atmosphere. It sits directly between the two most expensive suburbs of Sydney, being Point Piper & Darling Point. It is linked to the city by ferry from the pier in Bay St, is on the major bus routes, and also the Eastern suburbs train line at nearby Edgecliff Station.
There are a variety of unit styles, ranging from simple 1970′s and art deco units starting at around $500,000 for a basic 1 or 2 bedroom places, through to over $10M for modern deluxe units with harbour views. Houses start at around $1.5M for a basic cottage or terrace through to very high premium waterfront houses worth tens of millions. Many of the houses are character Victorian & Federation, mixed in with more modern styles, particularly Tuscan.
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