Australian residential property has always been an attractive investment option for both Australians at home and Aussie expats abroad, and this is unlikely to change any time soon. Given the inability to travel freely over the past two-plus years, many have used to opportunity to move into a bigger home with more space, buy the future forever home for when they return to Australia or even buy an additional investment property as a getaway.

But, how do you determine the best place to invest your money..?

Recently, ME Bank commissioned Ethos Urban to carry out precisely this research across the country to determine some suitable investment options using a wide range of criteria. Some of these criteria included the following:

  • Population growth
  • Asking rental growth
  • Median price growth
  • Number of sales in the area
  • Transport infrastructure
  • Vibe of the area including ‘walk-scores’
  • Overall rental yield
  • Future infrastructure spending

Initially, over 126 suburbs across the country were produced as the shortlist, which were then filtered based on 12 of the criteria, which then produced the top 20 list. Outlined below is the full list of 20 which ME Bank’s research suggests are the best places to invest in for 2022:

  1. Woolloongabba, QLD
  2. Burleigh Heads, QLD
  3. Five Dock, NSW
  4. North Melbourne, VIC
  5. Rozelle, NSW
  6. Ellenbrook, WA
  7. Parramatta, NSW
  8. Crows Nest, NSW
  9. Preston, VIC
  10. South Melbourne, VIC
  11. Yanchep, WA
  12. Waterloo, NSW
  13. Coffs Harbour, NSW
  14. North Sydney, NSW
  15. Pyrmont, NSW
  16. Claremont, WA
  17. Mermaid Beach, QLD
  18. Miami, QLD
  19. Concord, NSW
  20. Fairfield, QLD

As you can see, there is a wide range of different states and price points to be considered here, and of course, it’s important to do your own research. We are big believers in borderless investing, and given the diverse nature of Australia’s states and territories, there are often property opportunities somewhere in the country at most points of the economic cycle.

If you’d like to consider getting your pre-approval, or even just discussing your options, please feel free to reach out to our team at Loansuite for an obligation-free discussion.

 

LoanSuite Pty Ltd is your lending partner for all of your home loan, investment property, business and commercial financing needs. With our wide range of lending solutions, expertise in financial planning and investment strategies, and extensive experience in working with both Australian residents and Australian expats, we are your partners for your lending needs.

Book an obligation-free, complimentary consultation here today.

LoanSuite Pty Ltd is an Authorised Credit Representative (Credit Representative Number – 494608) of My Local Broker (Australian Credit License – 481374). Important Disclaimer: Your complete financial situation will need to be assessed before acceptance of any proposal or product.