The Sydney boom has brought delight for Sydney property owners and blow after blow for property investors Australia wide.
While the equity position of those lucky enough to hold a Sydney property may have finally improved, the government’s response to this runaway market has thrown the baby out with the bathwater – with policy changes designed to halt this overheating market instead impacting markets everywhere, as well as hampering the future plans of many property investors.
These are three of the 15 locations on my private watch list.
- Epping/Broadmeadows, Vic
Epping is Melbourne’s second fastest growing suburb for house prices, with a number of households forecast to grow by 60% in the next 15 years. There are plans for a major rail freight interchange, and major office, retail and leisure and road developments in the pipeline.
- Wallsend, NSW
Wallsend is located close to both John Hunter Hospital and Newcastle University. It is currently a highly affordable market, trending up with rental yield of around 5%.
- Bald Hills, Qld
Although Bald Hills is Brisbane’s northernmost suburb, the city and airport are less than a 20-minute drive away. Bald Hills is also part of the Queensland government priority infrastructure plan targeting improved public transport networks.
There is a lot of disruption in this changing marketplace, with tighter lending criteria, changes to tax rulings on depreciation claims, removal of travel claims for inspecting a property and talk of negative gearing removal if there’s a change of government.
Margaret Lomas will speak at the Property Buyer Expo in Sydney at 1pm on Friday, October 20, and 12.30pm on Saturday, October 21.
Visit propertybuyerexpo.com and use the promo code MONEY for a free three-day pass valued at $50.