Top Investment Suburbs

Queensland and Western Australia have come out on top in a new report highlighting Australia’s best 200 property investment locations.

Queensland accounts for nearly half of the suburbs on the list (98) while Western Australia has 72. South Australia has 17, New South Wales, 7, Northern Territory, 4, and Victoria, two.

The analysis by REA Group is based on rental yield, 12-month value growth and the number of days on average it takes to tenant a vacant rental property.

REA Group senior economist Angus Moore says regional, or outer suburban, locations are prominent on the list.

“Regional areas often carry higher rental yields. And those areas have also seen stronger price growth over the past 12 months, but you could even extend that back to the past five years,” he says.

He warns investors, though, not to just look at the data, as that can often serve up resource-heavy locations or remote towns. Moore says investors need to factor in the local economy and issues when deciding where to invest.