A number of Australian suburbs have boomed in the last 12 months, including Chuwar and Raceview in Ipswich, and Crace and Coombs in Canberra.
Regional areas such as Coonamble, Nyngan, Port Pirie South, and Nelly Bay have also grown significantly in the past year.
Check out this article on RealEstate for additional info - https://www.realestate.com.au/advice/investor-hot-spot-aussie-suburbs-headed-for-boom-town-in-2024/.
See the chart below showing the significant growth in the last 12 months, ranging from 30%-48% in just 1 year
With interest rates anticipated to drop, these suburbs potentially have room for further growth in the near term.
Ensure you keep track of key property performance data and metrics such as capital growth, vacancy rates, days on market, and vendor discount rates to pick the best time to enter and exit markets by using the research reports and tools at www.propertydirector.com.au.
