5 Real Estate Hot Spots in Australia in 2013

If you’re considering buying in 2013 and you’re set on making your purchase a wise long-term investment, keep an eye on these real estate hot spots. Set to experience steady growth, an increase in capital and great rental potential, these areas are not to be missed for the seasoned investor and new home buyer alike.

Dubbo, NSW

Dubbo, in Central NSW, is on the up and up when it comes to housing and property investment. The local economy is going from strength to strength fronted by the community’s innovative approaches to development in the area. Housing here is affordable, with an abundance of land available and the rental market steadily on the rise, making an investment property here a wise choice.

Bendigo, VIC

A growing city of around 100,000, Bendigo is set to become an area in demand in 2013. Its proximity and accessibility to Melbourne make it a prime location, with extensive new developments contributing to the ascending real estate trends.

The $5 billion dollar regional rail link project will bring all sorts of new jobs, growth and value to the area, only strengthening its diverse economy. Bendigo is also playing host to a $630 Million dollar hospital project, which will see a multitude of new jobs stimulate this charming regional city. An investment here in 2013 is sure to set you up for success as Bendigo continues to flourish.

Toowoomba, QLD

Home to many major resources projects and rail projects, Toowoomba is known as Queensland’s nerve centre, with a thriving economy and growing population that has investor’s attention in 2013.

Real estate here remains affordable at present, making it the perfect time to buy as the market for both rentals and sales continues to trend upward. With a pleasant climate and picturesque natural surrounds, Toowoomba is a highly liveable city with much to offer, bringing people from all over QLD with its strong job market, including growth in manufacturing and healthcare.

Maddison Estate, QLD

A new master-planned development located 31km north of the tourist hotspot, Surfer’s paradise, Maddison Estate is unlike any other development. With state-of-the-art sport and recreation complexes, a multitude of parks, walking and cycling tracks and amenities for residents, its focus on healthy, active community living is attracting attention Australia-wide.

It’s perfect for commuters, only 52km south of Brisbane’s CBD, 10 min to Coomera train station and 5min to the M1 highway, making it highly accessible for all purposes. Rental potential here is undoubtable, and resale value looks set to increase through 2013 and continue to trend upward as demand increases.

Mudgee, NSW

Mudgee is definitely experiencing a boom at present, and is set to become a top buy in 2013. It’s currently home to 4 mines and 4 more have been proposed, which will mean a big increase in housing demand as more jobs are brought to the area.

As well as mining, Mudgee has a strong agricultural industry and is also home to wineries which bring tourism to the area. In 2012, rents increased by 24% and the volume of sales increased by 14%, with sale prices experiencing a 9% increase and these figures look likely to continue their growth through 2013.

So whether you’re looking for an investment property to add to your portfolio or you’re seeking a new place to live with good job prospects, sound economic growth and the promise of capital increase, you can’t go wrong with any one of these rising stars.

Written by Nathan Hanson

Nathan runs a real estate agency in Queensland, Australia. His wife owns a home building business. Nathan loves to share his expert advice to help people hunt for their dream homes.

Image courtesy of seattle_maddog

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