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Property Management

RP Data predicts Ipswich suburb prices to double



Ipswich Investor Property Predictions

MORE than 250 suburbs around Australia are predicted to double in value in the next 10 years.

This is great news for Ipswich investors with rising prices and rising rental returns.And tenants in almost 800 suburbs are potentially set to see their weekly rent double in the same time, according to newIpswich Investor Property Predictions research by RP Data.

The real estate data firm’s Autumn Investor Guide has revealed the nation’s top property investment prospects include 263 suburbs or towns with the potential to see 100 per cent growth in the next decade, 792 where rental growth will do likewise, and 582 suburbs where rental margins are currently topping 5.5 per cent.

It is thought these factors will make the suburbs a hit with investors, but they may also prove a nightmare for those renting and trying to get their feet on the property ladder.

Despite house prices tumbling from this time in 2010 until about May last year, Victoria is the nation’s most likely state to see property values double, according to the report.

A total of 68 suburbs around the state are identified in the report, narrowly topping NSW at 65.

The real estate data analysis firm tipped houses to double in Williams Landing (current median $407,970), while units are set to do likewise in Derrimut ($391,589) and Travancore ($443,507).

To see the full list head to the official website:

Among the nation’s capital cities, the top earners over the past five years, and top picks to see values double in the next 10 are extremely varied.

Berrimah in Darwin tops the list with a 25.7 per cent average annual growth over the past five years, followed by Deakin, Canberra, and Potts Point, Sydney, at 19.8 per cent, and Williams Landing in Melbourne at 19.4 per cent.

RP Data analyst Cameron Kusher said a large number of the tipped property winners are in regional Queensland, NSW and WA – with mining growth a significant factor in their performance recently and a major element of their future prosperity.

“We don’t necessarily say that that is going to continue, but there are some good opportunities from over the last five years,” he said.

Mr Kusher said that while not all the suburbs mentioned in the report would continue on trend, those hoping to buy or who are still renting could take heart that many others would not see such dramatic growth.

“From the investors perspective these are the ones that have done very well in the last five years,” Mr Kusher said.

“(And) there are some (suburbs) in Victoria where rents are falling or haven’t moved.

“Over the past five years some of these areas have done quite well, perhaps they have cooled off over the last year or two.

“Renters in Sydney are most likely to feel the pinch if the predictions, based on growth over the past five years, come to pass.”

A whopping 249 suburbs have been identified in Sydney, including ritzy Vaucluse where rent for houses has grown by about $1015 (15.3 per cent per year) in the past five years and Potts Point, where houses now rent at $377 (13.9 per cent per year) more than they did in 2008.

Perth was a close second, with 181 suburbs tipped for a potential rental price double.

Houses in Menora are expected to see median rents double after they rose from $400 in 2008 to $1,100 currently, according to the RP Data figures.

Report co-author and RP Data analyst Tim Lawless said the growth had been predicted on suburbs with annual growth topping 7.2 per cent.

“By using a scenario based on compounding growth calculation, the value of an asset will double in ten years if it records an annual increase of 7.2 per cent,” Mr Lawless said.

“Based on this measure we have identified 263 suburbs where values are on track to double over a ten year period and 792 where weekly rents are on track to double over ten years.”

Mr Lawless said that investors were encouraged to view the free report as a guide or starting point for investigating investment opportunities.

To see the full list head to the official website:

Article originally published in by Nathan Mawby 23/4/13

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Property Management

How to attract and keep top tenants in your rental property



top tenants

Being a landlord isn’t always easy. Dealing with tenants who are bad payers or appear to be on a mission to turn your rental property into a rubbish tip can be time consuming and stressful.

Renters currently have the upper hand in many Australian cities. Inner-city Brisbane, for example, has experienced a high volume of apartment construction in recent years and landlords have had to reduce rents and offer incentives to lock in leases.

With renters able to pick and choose, landlords need to try harder to ensure they attract –and keep – top quality tenants.

Here are some tips for achieving this:

Best face forward

The way you present and market your property will influence the type of interest you receive. If a rental property appears dirty and unkempt, prospective tenants may assume you’ll be equally lackadaisical once they’re in residence. This may be appealing to those who share your ‘relaxed’ approach to home and garden care, but it’s likely to be a turn-off for renters who keep things in proper order. The better the home looks and feels, the higher the calibre of applicants you’ll attract (and the higher the rent you can potentially command).

Extra enticements

Faced with the choice between your dwelling and another that’s broadly equivalent, tenants are likely to go for the property that offers extras that add to their comfort. Installing air conditioners in the living room and main bedroom may tip the balance in your favour, or deter good sitting tenants from considering their options during the summer sizzle. Similarly, a dishwasher in the kitchen and freestanding wardrobes in bedrooms that lack built-ins are modest investments that can make a big difference.

Gardening made easy

Not everyone has a green thumb. Ensuring garden maintenance is as easy as possible can make your house or townhouse appealing to renters who may be good payers, but don’t have the time or inclination to mow and prune. Consider providing a green bin, include a monthly or quarterly yard clean-up in the rent and plant shrubs and trees that require minimal TLC.

Lock it up

If you want tenants to take good care of your property, it pays to demonstrate that you’re committed to looking after their personal property too. Installing security that’s appropriate to the home and the neighbourhood can provide peace of mind and make it cheaper and easier for tenants to obtain contents insurance.

Attend to maintenance

Having to ask repeatedly for something to be fixed is irritating, particularly if the request is reasonable. Attending to repairs as soon as possible tells good tenants you respect them and value the relationship. Conversely, making them wait weeks for maintenance requests to be actioned may result in them looking elsewhere for a landlord who can keep up their end of the bargain.

Reasonable rent rises

The market will determine the rent you can charge. If what you’re asking isn’t on par with equivalent dwellings in the same area, renters will assess their options. Should a lease be due to expire and you’re happy with the tenant, it’s wise to be realistic about rent rises – or open to the possibility of a reduction if the market has dropped. Keeping a good tenant is usually easier than finding a replacement

Related article: How to attract and keep top tenants in your rental property

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Property Management

More Ipswich suburbs to be switched on by the NBN



as one of the biggest projects undertaken in the nation’s history.

“This is exciting news for the many suburbs and towns that have been added to our construction schedule,” she said. (more…)

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Property Management

Queensland Says No New Taxes on Foreign Property Buyers in Bjelke Petersen-like Strategy



Queensland Says No New Taxes on Foreign Property Buyers in Bjelke Petersen-like Strategy

Queensland Says No New Taxes on Foreign Property Buyers in Bjelke Petersen-like Strategy

The Queensland government has ruled out introducing new taxes on foreign buyers of residential real estate.

They are the only state that actually monitors foreign investment, so were in the box seat to implement such a tax regime.

The rejection comes after the populist Victoria Labor government’s recent budget unveiled a new tax regime that will seek to tax foreign buyers and foreign owners.

Queensland has vowed not to ­follow Victoria’s lead and introduce any new taxes on foreign property investors.

Treasurer Curtis Pitt said Queensland welcomed foreign property investment.

“We’re ruling out any stamp duty surcharges for foreign investors who purchase a house in Queensland,” said Pitt.

“We’re also ruling out any land tax surcharge for foreign investors in this state.”

The Victorian state budget, revealed on Tuesday, included a 3%t stamp duty surcharge for homes from July and land tax increases of 0.5% from 2016 for offshore-based investors.

News Ltd reported Queensland executive director of the Property Council, Chris Mountford saying the action will strengthen Queensland’s position on the global investment map.

“In particular it creates a compelling case to invest in Queensland over Victoria.”

Nothing new for Queensland as that was how former premier Joh Bjelke Petersen saw the state into an upswing when Queensland didn’t have death duties like other states.

It was in 1977 when the Premier of Queensland Joh Bjelke Petersen abolished death duties and a wave of Australia’s elderly headed towards the Gold Coast with the high rise following as dying in Queensland became a tax avoidance scheme and Surfers Paradise became a retirement haven.


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