Regional Australian Star Property Performers

Regional Australian

Star Property Performers

Think outside
the capitals

Instead of being transfixed on Australia’s two most expensive cities, for one third of the cost of a typical Sydney or Melbourne house, one could have purchased a property 3 years ago that achieved price growth which exceeded most capital cities and had a better cash flow.


Looking at the Evidence

To illustrate the many opportunities available through investing in parts of regional Australia, the table below contains a state-by-state summary of historical performance over the last three years.

The learnings from this historical evidence is not to jump in and buy in locations that performed strongly over the last 3 years but to appreciate the value in ignoring wives tales and removing the blinkers. Australia is littered with investment opportunities in affordable communities (big and small). The star performers in the next 3 years probably won’t to be the same stars of the last 3 years however, just like Guyra, Goondiwindi and Glenorchy, you’re unlikely to discover these gems through following the herd!

Return on Investment

[as at may 2017]

City Council
[C] = Capital City
Median House Price Acquisition Capital
[20% deposit + costs] **
3-year Compound Price Growth Median Rental Yield Annual Holding Cost @80% LVR ^^ Annual Holding Cost @106% LVR ^^
Adelaide City [C] $932,000 $242,320 7.7% 2.7% ($16,020) ($28,036)
Cleve $236,000 $61,360 34.9% 3.7% ($2,794) ($5,862)
Gawler $330,500 $85,930 8.4% 4.9% + $134 ($4,136)
Mount Gambier $255,000 $66,300 6.9% 5.3% + $758 ($2,557)
Brisbane City [C] $662,000 $172,120 18.2% 3.5% ($6,418) ($15,024)
Ipswich [C] $339,000 $88,140 8.7% 8.7% + $752 ($3,655)
Logan [C] $403,000 $104,780 10.4% 4.8% + $109 ($5,103)
Moreton Bay [C] $445,000 $115,700 9.9% 4.5% ($853) ($6,638)
Redland [C] $515,000 $133,900 10.8% 4.4% ($1,017) ($7,712)
Cairns $409,750 $106,535 9.3% 5.1% + $1,276 ($4,051)
Gold Coast $618,000 $160,680 21.2% 4.4% ($3,554) ($6,869)
Goondiwindi $310,000 $80,600 33.3% 4.7% ($484) ($4,514)
Noosa $630,000 $163,800 19.4% 4.3% ($1,784) ($9,974)
Scenic Rim $440,000 $114,400 10.3% 4.1% ($2,330) ($8,050)
Sunshine Coast $550,000 $143,000 17.0% 4.4% ($980) ($8,130)
Toowoomba $370,000 $96,200 7.2% 4.5% ($1,087) ($5,897)
Hobart City [C] $600,000 $156,000 27.1% 4.0% ($3,459) ($11,259)
Brighton [C] $307,000 $79,820 12.5% 4.7% ($603) ($4,594)
Clarence [C] $410,500 $106,730 15.6% 4.6% ($671) ($6,007)
Glenorchy [C] $301,000 $78,260 18.0% 5.8% + $2,512 ($1,401)
Circular Head $239,500 $62,270 28.1% 5.0% ($60) ($3,173)
Huon Valley $330,000 $85,800 17.9% 4.4% ($1,284) ($5,574)
West Tamar $315,000 $81,900 10.5% 5.1% + $754 ($3,341)
Melbourne City [C] $1,165,000 $302,900 53.3% 2.5% ($21,028) ($36,173)
Boroondara [C] $1,990,000 $517,400 36.8% 1.8% ($48,518) ($74,388)
Cardinia [C] $430,000 $111,800 22.9% 4.2% ($1,930) ($7,520)
Monash [C] $1,155,000 $300,300 46.7% 2.1% ($25,659) ($40,674)
Wyndham [C] $465,500 $121,030 25.8% 4.0% ($2,871) ($8,922)
Alpine $334,500 $86,970 21.0% 4.4% ($1,464) ($5,812)
Ballarat $320,000 $83,200 8.1% 4.6% ($644) ($4,804)
Campaspe $270,500 $70,330 11.8% 5.2% + $617 ($2,899)
Colac $308,000 $61,600 21.3% 4.7% ($404) ($4,408)
Corangamite $210,000 $54,600 16.7% 6.2% + $2,079 ($651)
Geelong $440,000 $114,400 14.6% 4.0% ($2,809) ($8,529)
Shepparton $261,250 $67,925 6.6% 5.7% + $1,706 ($1,690)
Mildura $248,500 $64,610 13.0% 6.1% + $2,455 ($755)
Swan Hill $226,850 $58,981 13.4% 6.1% + $2,123 ($826)
Wangaratta $275,000 $71,500 11.8% 5.3% + $916 ($2,659)
Wodonga $325,000 $84,500 11.3% 5.1% + $833 ($3,392)
Sydney City [C] $1,620,000 $421,200 54.3% 2.6% ($27,968) ($49,028)
Auburn [C] $972,500 $252,850 35.8% 2.8% ($15,484) ($21,127)
Camden [C] $733,000 $190,580 41.8% 3.6% ($6,383) ($15,912)
Fairfield [C] $780,000 $202,800 41.4% 3.1% ($10,659) ($20,799)
Hornsby [C] $1,330,000 $345,800 51.1% 2.6% ($22,597) ($39,887)
Leichhardt [C] $1,701,000 $442,260 50.1% 2.5% ($29,771) ($51,884)
Albury $323,000 $83,980 13.3% 4.8% ($46) ($11,407)
Armidale $360,000 $93,600 10.8% 5.1% + $870 ($3,810)
Bathurst $410,000 $106,600 15.7% 4.3% ($1,609) ($6,939)
Bega Valley $425,000 $110,500 16.4% 4.3% ($1,730) ($7,255)
Byron $850,000 $221,000 40.5% 4.0% ($3,876) ($14,926)
Coffs Harbour $479,000 $124,540 20.1% 4.5% ($1,015) ($7,242)
Coolamon $213,500 $55,510 25.6% 6.6% + $2,897 + $122
Dubbo $357,000 $92,820 19.0% 4.8% + $32 ($4,609)
Forbes $220,000 $57,200 15.2% 5.7% + $1,200 ($1,660)
Griffith $300,000 $78,000 13.2% 5.7% + $2,312 ($1,588)
Guyra $280,000 $72,800 50.5% 4.6% ($721) ($4,361)
Kempsey $340,000 $88,400 23.6% 4.9% + $233 ($4,187)
Leeton $234,000 $60,840 17.0% 5.6% + $1,119 ($1,923)
Liverpool Plains $228,500 $59,410 30.6% 5.7% + $1,339 ($1,632)
Maitland $430,000 $111,800 13.8% 4.5% ($971) ($6,561)
Narrabri $310,000 $80,600 13.6% 5.9% + $2,870 ($1,160)
Narrandera $172,500 $44,850 13.5% 7.5% + $3,579 + $1,336
Newcastle $560,000 $145,600 25.8% 3.9% ($3,776) ($11,056)
Orange $355,000 $92,300 2.9% 4.8% ($128) ($4,743)
Port Macquarie $520,000 $135,200 25.3% 4.3% ($1,936) ($8,696)
Tamworth $330,000 $85,800 14.0% 5.1% + $872 ($3,418)
Wagga Wagga $342,000 $88,920 10.3% 5.0% + $632 ($3,814)
Wollongong $709,500 $184,470 47.8% 3.6% ($6,402) ($15,625)
Perth City [C] $860,000 $223,600 4.9% 3.0% ($11,943) ($23,123)
Kalamunda [C] $485,000 $126,100 -4.9% 4.1% ($2,692) ($8,997)
Rockingham [C] $395,000 $102,700 -6.0% 4.5% ($769) ($5,904)
Wanneroo [C] $437,000 $113,620 -8.0% 4.3% ($1,731) ($7,412)
Augusta-Margaret River $491,000 $127,660 8.9% 4.0% ($2,932) ($9,315)
Canberra [C] $648,000 $168,480 18.9% 4.1% ($2,983) ($11,407)
Queanbeyan $585,000 $152,100 11.4% 4.3% ($1,661) ($9,266)
Darwin City [C] $565,000 $146,900 -9.6% 5.1% + $2,253 ($5,092)

Source: Propertyology, CoreLogic

** Assumes 20% deposit plus 6% allowance for acquisitions costs including stamp duty.
^^ Assumes rental income for 48/52 weeks, 5% loan interest, and provision for council rates, insurance, property management fees, and general property maintenance.

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