A recently released survey has revealed the nation’s capital growth hotspots, as voted for by property professionals, and the results may come as a surprise.
According NAB’s latest Quarterly Australian Residential Property Survey, released this month, Queensland leads the way when it comes to the number of cities that property insiders expect to see the best capital growth this year.
For the fifth quarter running, Gladstone was the most nominated hotspot amongst survey participants, with Brisbane and Mackay adding to Queensland’s tally.
“Expectations continue to be driven by the perceived benefits from the massive investments in coal seam gas in the area,” said the report of Gladstone’s frontrunner status.
In WA, Geraldton and Perth were picked out as capital growth frontrunners, while Ballarat and Frankston were nominated as ones to watch in Victoria.
Curtin (ACT), Blacktown (NSW) and Norwood (SA) rounded off the list of suburbs that were expected to see above average capital growth this year.
The NAB survey questioned a panel of around 270 property professionals, including:
- real estate agents and managers (40%);
- property developers (17%);
- owners/investors in real property (17%);
- asset managers/property operators (13%);
- valuers (6%); and
- real estate fund managers (5%).
Do you agree with the survey findings? Have your say on our property investment forum.
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