The MCG Investor Index, commissioned from Suburbtrends by MCG Quantity Surveyors, compiles a list of individual suburb areas (SA2s) that should be on the investor radar.
“It identified suburbs that combine compelling rental yields, affordability, socio-economic stability, and strategic positioning,” Australian Property Investor reports.
The findings also showed investors are preferring houses over units, with 78 per cent of newly rented properties being houses.
The top investor suburbs are based on the number of properties sold in the past six months which have then been advertised for rent.
Queensland regions bookended the top #20, with the Gold Coast taking out the 2nd spot with 119 new rentals while Townsville took 20th place with 56 new rentals.
Here on Brissie’s north we saw 33 new rentals hit the market while neighbouring Moreton Bay saw 41 over the same period.
Check out the top #20 property investor hot spots in Australia based on the number of new rentals (properties sold then advertised for rent) coming to the market over the past six months:
- Melbourne – west, 135
- Gold Coast, 119
- Perth – South East, 110
- Melbourne – South East, 108
- Melbourne – Inner, 87
- Perth – South West, 84
- Melbourne – North East, 82
- Perth – North West, 77
- Adelaide – North, 72
- Melbourne – North West, 70
- Central Queensland – 68
- Melbourne – Inner East, 65
- Sydney – North Sydney and Hornsby, 63
- Sydney – City and Inner South, 62
- Sydney – Outer West and Blue Mountains, 61
- Newcastle and Lake Macquarie, 61
- Mornington Peninsula, 59
- Sydney – Blacktown, 58
- Sydney – Inner South West, 57
- Townsville – 56
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