Exploring Emerging Opportunities and Growth Insights from OpenLot.com.au
Investing in real estate has always been a lucrative option, but finding the right location can be a daunting task. OpenLot.com.au has taken the guesswork out of property investment with its latest report, "Unlocking Potential: Australia's Top 20 Suburbs for Investing in New Houses." This comprehensive report provides strategic insights into emerging opportunities and growth prospects across various Australian states, helping investors make informed decisions and maximise their returns.
Investing in new properties offers a range of advantages that make it an attractive option for both seasoned and novice investors. New constructions provide the opportunity for customisation, allowing investors to tailor their properties to meet specific preferences. Additionally, new homes are built to the latest standards, enhancing energy efficiency and reducing maintenance costs in the early years.
Methodology
OpenLot.com.au's report relies on a rigorous methodology to identify the top 20 suburbs for investing in new houses. Here's a glimpse into the process:
Data Collection and Aggregation: The report analyses data from agent-advised sold homes in the last 8 weeks, aggregated by Statistical Area 2 (SA2). Median rents are calculated based on a rolling 12-month average, taking into account bed count and house type.
Yield Calculation: Yields are calculated using sold prices and estimated rents, with the highest yield from each SA2 used to calculate the Potential Yield. It's important to note that the Potential Yield serves as a guide and not a guarantee for individual investors.
Understanding Key Terms: The report clarifies key terms and concepts, such as median rent calculation, Statistical Area 2 (SA2), gross rental yield, and depreciation schedules.
Alignment with OpenLot New Home Development: Suburbs in the analysis align with locations featuring OpenLot new home development options, enhancing the relevance of the findings for new home investors.
Top 20 Suburbs for Investing in New Houses
The report reveals the top-ranking suburbs for new house investments, spanning multiple states:
New South Wales (NSW): Several suburbs in NSW, such as Lake Cathie and Armidale, offer promising potential yields and rental income.
| Rank | Suburb | Potential Yield | Vacancy Rates | Typical Rent | |
| 1 | Lake Cathie NSW 2445 | 6.67% | 2.2% | $640 | |
| 2 | Armidale NSW 2350 | 6.27% | 2.3% | $500 | |
| 3 | Thurgoona NSW 2640 | 5.57% | 2.0% | $560 | |
| 4 | Port Macquarie NSW 2444 | 5.49% | 1.8% | $670 | |
| 5 | Lochinvar NSW 2321 | 5.39% | 0.7% | $600 | |
| 6 | Edgeworth NSW 2285 | 5.28% | 1.1% | $680 | |
| 7 | Dubbo NSW 2830 | 5.20% | 0.9% | $550 | |
| 8 | Lennox Head NSW 2478 | 5.11% | 2.5% | $760 | |
| 9 | Calderwood NSW 2527 | 5.08% | 2.1% | $700 | |
| 10 | Orange NSW 2800 | 4.89% | 0.8% | $550 | |
| 11 | Chisholm NSW 2322 | 4.85% | 1.1% | $660 | |
| 12 | Forster NSW 2428 | 4.83% | 1.6% | $650 | |
| 13 | Warnervale NSW 2259 | 4.79% | 1.5% | $650 | |
| 14 | Parkes NSW 2870 | 4.51% | 1.4% | $480 | |
| 15 | Moore Creek NSW 2340 | 4.47% | 1.4% | $460 | |
| 16 | Box Hill NSW 2765 | 4.47% | 1.4% | $795 | |
| 17 | Cambewarra NSW 2540 | 4.44% | 1.7% | $590 | |
| 18 | Gillieston Heights NSW 2321 | 4.32% | 1.5% | $540 | |
| 19 | Old Bar NSW 2430 | 4.28% | 1.3% | $590 | |
| 20 | Tahmoor NSW 2573 | 4.12% | 2.1% | $600 | |
Victoria (VIC): Echuca, Wangaratta, Wurruk, and other Victorian suburbs, known for their strong rental markets, are highlighted in the report.
| Rank | Suburb | Potential Yield | Vacancy Rates | Typical Rent | |
| 1 | Echuca VIC 3564 | 7.20% | 1.8% | $760 | |
| 2 | Wangaratta VIC 3677 | 6.27% | 1.0% | $500 | |
| 3 | Wurruk VIC 3850 | 6.13% | 1.4% | $495 | |
| 4 | West Wodonga VIC 3690 | 5.96% | 1.1% | $530 | |
| 5 | Mooroopna VIC 3629 | 5.93% | 0.6% | $490 | |
| 6 | Wodonga VIC 3690 | 5.70% | 1.0% | $510 | |
| 7 | Korumburra VIC 3950 | 5.70% | 0.8% | $500 | |
| 8 | Kangaroo Flat VIC 3555 | 5.64% | 1.4% | $490 | |
| 9 | Hastings VIC 3915 | 5.54% | 1.2% | $600 | |
| 10 | Horsham VIC 3400 | 5.51% | 1.0% | $445 | |
| 11 | Mansfield VIC 3722 | 5.47% | 1.2% | $600 | |
| 12 | Moe VIC 3825 | 5.44% | 1.6% | $450 | |
| 13 | Portland VIC 3305 | 5.43% | 1.7% | $470 | |
| 14 | San Remo VIC 3925 | 5.39% | 2.1% | $500 | |
| 15 | Alfredton VIC 3350 | 5.38% | 1.8% | $450 | |
| 16 | Frankston VIC 3199 | 5.34% | 1.5% | $565 | |
| 17 | Stratford VIC 3862 | 5.33% | 1.2% | $480 | |
| 18 | Traralgon VIC 3844 | 5.31% | 1.4% | $495 | |
| 19 | Ballan VIC 3342 | 5.20% | 1.2% | $430 | |
| 20 | Jackass Flat VIC 3556 | 5.14% | 1.2% | $470 | |
Queensland (QLD): Suburbs like Hope Island and Andergrove in QLD exhibit excellent potential yields and rental returns.
| Rank | Suburb | Potential Yield | Vacancy Rates | Typical Rent | |
| 1 | Hope Island QLD 4212 | 7.61% | 2.1% | $1,200 | |
| 2 | Andergrove QLD 4740 | 7.18% | 1.0% | $570 | |
| 3 | Edmonton QLD 4869 | 7.04% | 0.9% | $550 | |
| 4 | Shoal Point QLD 4750 | 6.68% | 0.9% | $520 | |
| 5 | Cannonvale QLD 4802 | 6.56% | 0.7% | $750 | |
| 6 | Rural View QLD 4740 | 6.56% | 0.8% | $530 | |
| 7 | Marsden QLD 4132 | 6.11% | 0.8% | $540 | |
| 8 | Holmview QLD 4207 | 6.09% | 0.9% | $550 | |
| 9 | Highfields QLD 4352 | 6.06% | 0.4% | $600 | |
| 10 | Coomera QLD 4209 | 6.01% | 1.2% | $670 | |
| 11 | Bentley Park QLD 4869 | 5.94% | 0.5% | $550 | |
| 12 | Southside QLD 4570 | 5.93% | 1.5% | $570 | |
| 13 | Warwick QLD 4370 | 5.92% | 0.3% | $495 | |
| 14 | Tinana QLD 4650 | 5.89% | 0.6% | $530 | |
| 15 | Burnett Heads QLD 4670 | 5.82% | 1.2% | $580 | |
| 16 | Oxley QLD 4075 | 5.78% | 1.4% | $650 | |
| 17 | Upper Coomera QLD 4209 | 5.78% | 0.6% | $675 | |
| 18 | Logan Reserve QLD 4133 | 5.75% | 2.5% | $550 | |
| 19 | Raceview QLD 4305 | 5.71% | 1.3% | $500 | |
| 20 | Browns Plains QLD 4118 | 5.70% | 0.3% | $550 | |
South Australia (SA): Adelaide and its suburbs, including Starthablyn and Murray Bridge, showcase robust investment opportunities.
| Rank | Suburb | Potential Yield | Vacancy Rates | Typical Rent | |
| 1 | Strathalbyn SA 5255 | 5.88% | 0.4% | $520 | |
| 2 | Murray Bridge SA 5253 | 5.46% | 0.8% | $420 | |
| 3 | Evanston Gardens SA 5116 | 5.35% | 0.8% | $510 | |
| 4 | Tanunda SA 5352 | 5.25% | 2.0% | $550 | |
| 5 | Lewiston SA 5501 | 5.20% | 0.0% | $595 | |
| 6 | Mount Barker SA 5251 | 5.15% | 1.2% | $560 | |
| 7 | Angle Vale SA 5117 | 4.99% | 0.9% | $490 | |
| 8 | Paralowie SA 5108 | 4.98% | 0.5% | $520 | |
| 9 | St Clair SA 5011 | 4.79% | 0.5% | $590 | |
| 10 | Hackham SA 5163 | 4.70% | 0.3% | $550 | |
Western Australia (WA): Kalbarri and Lakelands in WA offer attractive yield prospects for investors.
| Rank | Suburb | Potential Yield | Vacancy Rates | Typical Rent | |
| 1 | Kalbarri WA 6536 | 7.09% | 0.0% | $750 | |
| 2 | Lakelands WA 6180 | 6.65% | 1.4% | $550 | |
| 3 | Southern River WA 6110 | 6.62% | 0.3% | $630 | |
| 4 | Dalyellup WA 6230 | 6.50% | 0.6% | $550 | |
| 5 | Brabham WA 6055 | 6.48% | 1.5% | $600 | |
| 6 | Baldivis WA 6171 | 6.43% | 0.8% | $550 | |
| 7 | Hilbert WA 6112 | 6.37% | 0.5% | $500 | |
| 8 | Australind WA 6233 | 6.24% | 0.6% | $570 | |
| 9 | Jindalee WA 6036 | 6.19% | 1.5% | $625 | |
| 10 | Bullsbrook WA 6084 | 6.16% | 0.0% | $590 | |
| 11 | Dayton WA 6055 | 6.09% | 0.9% | $570 | |
| 12 | Caversham WA 6055 | 6.03% | 0.2% | $600 | |
| 13 | Wellard WA 6170 | 6.01% | 0.5% | $530 | |
| 14 | Anketell WA 6167 | 5.94% | 0.3% | $575 | |
| 15 | Alkimos WA 6038 | 5.86% | 1.6% | $580 | |
| 16 | Byford WA 6122 | 5.84% | 0.8% | $550 | |
| 17 | Hamilton Hill WA 6163 | 5.83% | 0.9% | $650 | |
| 18 | Sinagra WA 6065 | 5.78% | 0.7% | $595 | |
| 19 | Piara Waters WA 6112 | 5.76% | 0.2% | $620 | |
| 20 | Hammond Park WA 6164 | 5.74% | 0.6% | $600 | |
OpenLot Report: A Valuable Resource
Reports from OpenLot prove to be an invaluable asset for individuals contemplating investments in new houses throughout Australia. By offering strategic insights, detailed analyses, and a focus on emerging opportunities, the report equips investors with the knowledge they need to make informed decisions in the competitive real estate market.
Qi Chen, CEO and founder of OpenLot, emphasises the importance of understanding market nuances and the role of community interaction in investment decisions. The report not only provides numbers but also insights into the dynamic nature of each suburb, helping investors navigate the complexities of real estate investment.
Whether you're drawn to the potential yield in Kalbarri, WA, or the promising vacancy rates in Southern River, WA, OpenLot.com.au's report illuminates the path for informed decision-making in the ever-exciting landscape of Australian real estate. To explore the full report and OpenLot's new home development options, visit the OpenLot website today.
