The Cheapies with Prospects are the Ugly Ducklings of city real estate, with strong potential for capital growth. Like the fairytale character, they may be initially undervalued, but can develop into valuable assets over time.

Many suburbs, such as Richmond, Balmain, and Bulimba, have experienced this transformation. Industrial areas undergoing urban renewal, like the Redcliffe Peninsula, have also seen steady price growth.

The demand for affordable housing options has led to these areas performing better than more expensive ones in the recent market downturn. Research shows that these affordable areas experiencing gentrification have some of the strongest price growth in major cities.

To identify these potential areas, investors should look for rising sales activity, affordability, strong infrastructure, and proximity to major job hubs. Hotspotting considers this combination of factors as a powerful indicator of real estate investment potential and has featured these locations in this report.

The National Top 5 Cheapies with Prospects: City Edition 2023 provides valuable clues on how to buy affordably and sensibly in the city markets that are still going strong.

About the report:

The Top 5 Cheapies with Prospects City Edition report reveals the “ugly ducklings” of the property market, those areas which may be considered unappealing but which like the fairy tale will evolve into something impressive.

The report highlights the top five local government areas in Australia’s capital cities which are poised for a transformation which will see demand lift and investments thrive.

It details the demographics of each LGA, including homeownership, population growth, employment by industry and household composition and provides analysis of the economy and amenity in each location.

It profiles the property market, with detailed tables on median house and unit prices, short-term and long-term growth performance, vacancy rates, rents and yields.

The report outlines the future prospects of each location, where the infrastructure spending is and future jobs nodes.

Grab Your Copy Today – or save and get the Cheapies Bundle – City & Regional editions together.

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