Latest news with #propertygrowth
News.com.au
4 days ago
- Business
- News.com.au
Revealed: Australia's 50 supercharged suburbs for price growth
A suburb once written off is now Australia's hottest housing market, and the property rebound is only getting started. Frankston, in Melbourne's outer south, has topped a new list of Australia's 50 most 'supercharged' suburbs for price growth, with insiders warning buyers could soon be priced out if they hesitate. Hotspotting's Winter 2025 Price Predictor Index highlights suburbs showing surging sales activity, a leading indicator of future price growth. And it's not just Frankston making a move. Melbourne suburbs dominated the list with 18 entries, followed by strong results from the Gold Coast, Adelaide, Darwin and even Sydney's south. Melbourne Property Advocates director Simon Murphy said Frankston's transformation was 'just going gangbusters.' 'They're putting up big apartments, office buildings, the hospital's been redone … zoning's been upgraded to three, six storeys in some areas,' Mr Murphy said. 'They're really trying to make Frankston the place to be' Mr Murphy warned entry-level buyers were now struggling to get in. 'You really need a purchase price of $800,000 just to get a look into the market,' he said. 'Frankston North's always the first suburb to go up — and the first to go down — but this time, I think its price will soon catch Langwarrin.' Hotspotting founder Terry Ryder said Frankston's rise reflected a wider turnaround in Melbourne's outer zones. 'Frankston has gone from underperformer to frontrunner,' Mr Ryder said. 'Melbourne began recovering in late 2024 and the uplift has only accelerated this year.' Mr Murphy said demand was now flowing into Carrum Downs, Langwarrin and Werribee, which also made the list. 'Langwarrin's very family-focused. Carrum Downs has stigma but great value — four-bed homes on good land, double garages,' he said. 'Werribee's still under $600,000 and just 10 minutes further than Melton. It's still affordable.' In Sydney, Michelle May Buyers Agent director Michelle May said market momentum had shifted south to the St George and Bankstown corridors, areas now backed by Metro upgrades and comparative affordability. 'The migration from the east has gone to the inner west, and now the inner west demographic is moving down to St George and the Sutherland Shire,' Ms May said. 'We've been inundated with inquiry since Q4 2024. There's a lot of money still out there. 'Clearance rates hit 70 per cent here last weekend for the first time in ages — prices are going up.' But Ms May warned that supply remained tight — especially for downsizers — and three-bedroom apartments were in short supply. 'Downsizers are competing with young families for the same limited stock. They've got deeper pockets — and young families just can't compete,' she said. The Sydney buyers agent said Bankstown and Bexley, both on Hotspotting's list, were benefiting from transport links and better perceived value. 'Cross the Cooks River and you get green space, lifestyle and a 15-20 per cent discount on the inner west,' she said. On the Gold Coast, low stock levels and interstate demand are pushing prices north. Cohen Handler Associate Director Luke Serhan said listings were down up to 40 per cent year-on-year in some suburbs. 'Miami's still a bit undercooked compared to Mermaid Beach, but Elanora is taking off,' Mr Serhan said. 'Southport's been huge — it's central and getting a lot of movement. 'We're seeing so much buyer interest that anything that hits the market becomes competitive instantly.' Mr Serhan said confidence surged the weekend after recent rate cuts. 'Buyers are still picky because they've been used to choice, but I think FOMO is coming back. They'll soon have to buy what's available.' The Cohen Handler Associate Director said lifestyle remained the Gold Coast's trump card. 'People are choosing proximity to the beach over the metro lifestyle of Brisbane. We're even seeing Brissie locals relocating here,' South Australia also made a strong showing, with 11 suburbs and towns on the list including Ingle Farm and Christies Beach. Lands Real Estate's Matthew Lipari said Ingle Farm had seen sales rise steadily over 18 months. 'It's in high demand right now because of its price point and development over the past decade,' Mr Lipari said. He said the demographic was changing quickly. 'Older vendors who've lived here 20, 30, 40 years are selling to younger buyers. But even some developers are being priced out — we've seen buyers miss out multiple times at opens and auctions.' Mr Ryder said Adelaide remained one of Australia's most consistent growth cities. 'It's been rising longer than any other and continues to deliver,' he said. The surprise twist in this quarter's index was Darwin, with 92 per cent of suburbs now ranked as rising and none in decline. Hotspotting General Manager Tim Graham said the comeback was real. 'Six months ago we said Darwin was about to boom, and the numbers have proven it,' he said. With national buyer activity rising and listings still tight, experts say the window for bargain buys is closing. 'People are realising the market isn't going to come to them,' Mr Murphy said. 'They're jumping back in, and they're bringing competition.' HOTSPOTTING'S TOP 50 SUBURBS FOR CAPITAL GROWTH Suburb Name LGA Property Type Somerton Park Holdfast Bay HOUSE Frankston Frankston HOUSE Wollongong Wollongong UNIT Buderim Sunshine Coast HOUSE Rosebery (NT) Palmerston HOUSE Lake Albert (NSW) Wagga Wagga HOUSE Miami Gold Coast UNIT Port Pirie South Port Pirie HOUSE Werribee Wyndham HOUSE Glenorchy (Tas.) Glenorchy HOUSE Modbury Tea Tree Gully HOUSE Hawthorn East Boroondara HOUSE Norlane Greater Geelong HOUSE Prospect (SA) Prospect HOUSE Little Mountain Sunshine Coast HOUSE Seaton (SA) Charles Sturt HOUSE Christies Beach Onkaparinga HOUSE Runaway Bay Gold Coast UNIT Point Vernon Fraser Coast HOUSE Surfers Paradise Gold Coast UNIT Ascot Vale Moonee Valley HOUSE Encounter Bay Victor Harbor HOUSE Kingston (ACT) Unincorporated ACT UNIT Manor Lakes Wyndham HOUSE Dandenong Greater Dandenong HOUSE Beveridge Mitchell HOUSE Port Augusta Port Augusta HOUSE Sanctuary Point Shoalhaven HOUSE Ingle Farm Salisbury HOUSE Dandenong North Greater Dandenong HOUSE Mermaid Beach Gold Coast UNIT Seaford (Vic.) Frankston HOUSE Meadow Springs Mandurah HOUSE North Melbourne Melbourne UNIT Munno Para West Playford HOUSE Darwin City Darwin UNIT Port Lincoln Port Lincoln HOUSE Clyde (Vic.) Casey HOUSE Taree Mid-Coast HOUSE Port Melbourne Melbourne UNIT Carlton (Vic.) Melbourne UNIT Armstrong Creek (Vic.) Greater Geelong HOUSE Langwarrin Frankston HOUSE Baulkham Hills The Hills Shire HOUSE Carrum Downs Frankston HOUSE Bellamack Palmerston HOUSE Port Macquarie Port Macquarie-Hastings UNIT Mooroolbark Yarra Ranges HOUSE Ryde Ryde UNIT
Daily Telegraph
7 days ago
- Business
- Daily Telegraph
NSW suburbs that outperform top super fund
NSW homeowners in over 200 suburbs could be building retirement wealth faster than their super fund, new research reveals. Comparison site Finder has revealed how Australia's super funds compared to that of property price growth over the past ten years. The research found that a shocking 23 per cent – equivalent to around 4.6 million people – said they didn't have enough money in their super fund or other investments to get by in retirement. Australian Retirement Trust's super savings high growth fund had the highest returns, with a 8.79 per cent annual 10 year return, yet there were over 200 suburbs in NSW that out performed that. Houses in Millfield, Lockhart, Brunswick Heads and Clareville were among the top performers, growing by an average of 11-16 per cent annually over the past 10 years. MORE: 'They're off': $962m king's look into real estate woes Retired publican lists $12m apartment How you can save this end of financial year The average 10-year performance across all super funds is 5.7 per cent a year, according to Finder, while Sydney's 10 year annual compound property growth rate was 6.4 per cent. Finders money expert Richard Whitten said the more attention you give your superannuation now, the better off you'll be. 'It's truly a shame to reach retirement age only to find you have 'too little too late.' You can avoid this by taking proactive steps to engage with your super as soon as possible,' he said. He added that to have a comfortable retirement, a single person might need around $595,000 in their super by 67. 'Many Australians are still well below the amounts suggested for a comfortable retirement, making proactive engagement even more critical.' Ben Kingsley, managing director of Empower Wealth Advisory and co-author of 'How to retire on $3,000 a week,' said your return on investment could be higher with property, but warned there were always risks involved. 'If you're going to invest in property you don't want to be speculating, you want to be investing for the decades, not the short period of time,' he said. MORE: Singles face impossible property reality 'One of the advantages of investing in property is it isn't locked away until you're in your 60s. It gives you the ability to leverage from those returns, to accelerate some growth in further returns – use the proceeds or equity to add to your initial property portfolio, which is something to consider.' '(Super) is a sort of set and forget for most Australians, with property when you do have ownership you have control, you can tinker with the property itself you can add value to the property,' he added. He noted it was important to diversify when it came to setting up for retirement. 'You can't save your way to retirement, you need to put your money to work, whether that's additional contributions to super, or investing in shares or property, you're better off starting to think about it in your 30s,' he said. Canstar's director of data insights, Sally Tindall, said Aussie's shouldn't be choosing between a healthy super amount and a property, but should aim to invest in both. 'It comes down to personal preference, but open your mind to achieving both. Don't put all your eggs in one basket,' she said. 'It's not a simple comparison and there's a multitude of factors, there's tax implications on both sides, and whether you're purchasing as an investor or an owner-occupier,' she said. Recent Labor government tax changes, which apply an additional 15 per cent tax on earnings for super balances exceeding $3 million, would affect an estimated 80,000 Australians (0.5% of super account holders). MORE: Rare backyard find that can kill you 'It will be interesting to see how that plays out over time, as the government has said that $3m won't be indexed, which could then start to impact many more people in many years to come as the number of people with that sum starts to increase, so that's another factor in the equation.' With the super guarantee increasing to 12 per cent on July 1, Ms Tindall said this may encourage some people to take the property route, knowing their employee is contributing more to their super. 'It's also not just the super vs. mortgage, there are plenty of other things like shares people could be putting their money into. It's important to understand what the mix is and understand the pros and cons and the sacrifice you might have to make, as well as the benefits you can get from each one.' MORE: New builds vanish amid loan slump TOP 20 NSW GROWTH SUBURBS OVER 10 YEAR AVERAGE
News.com.au
7 days ago
- Business
- News.com.au
NSW suburbs that outperform top super fund
NSW homeowners in over 200 suburbs could be building retirement wealth faster than their super fund, new research reveals. Comparison site Finder has revealed how Australia's super funds compared to that of property price growth over the past ten years. The research found that a shocking 23 per cent – equivalent to around 4.6 million people – said they didn't have enough money in their super fund or other investments to get by in retirement. Australian Retirement Trust's super savings high growth fund had the highest returns, with a 8.79 per cent annual 10 year return, yet there were over 200 suburbs in NSW that out performed that. Houses in Millfield, Lockhart, Brunswick Heads and Clareville were among the top performers, growing by an average of 11-16 per cent annually over the past 10 years. MORE: 'They're off': $962m king's look into real estate woes The average 10-year performance across all super funds is 5.7 per cent a year, according to Finder, while Sydney's 10 year annual compound property growth rate was 6.4 per cent. Finders money expert Richard Whitten said the more attention you give your superannuation now, the better off you'll be. 'It's truly a shame to reach retirement age only to find you have 'too little too late.' You can avoid this by taking proactive steps to engage with your super as soon as possible,' he said. He added that to have a comfortable retirement, a single person might need around $595,000 in their super by 67. 'Many Australians are still well below the amounts suggested for a comfortable retirement, making proactive engagement even more critical.' Ben Kingsley, managing director of Empower Wealth Advisory and co-author of 'How to retire on $3,000 a week,' said your return on investment could be higher with property, but warned there were always risks involved. 'If you're going to invest in property you don't want to be speculating, you want to be investing for the decades, not the short period of time,' he said. MORE: Singles face impossible property reality 'One of the advantages of investing in property is it isn't locked away until you're in your 60s. It gives you the ability to leverage from those returns, to accelerate some growth in further returns – use the proceeds or equity to add to your initial property portfolio, which is something to consider.' '(Super) is a sort of set and forget for most Australians, with property when you do have ownership you have control, you can tinker with the property itself you can add value to the property,' he added. He noted it was important to diversify when it came to setting up for retirement. 'You can't save your way to retirement, you need to put your money to work, whether that's additional contributions to super, or investing in shares or property, you're better off starting to think about it in your 30s,' he said. Canstar's director of data insights, Sally Tindall, said Aussie's shouldn't be choosing between a healthy super amount and a property, but should aim to invest in both. 'It comes down to personal preference, but open your mind to achieving both. Don't put all your eggs in one basket,' she said. 'It's not a simple comparison and there's a multitude of factors, there's tax implications on both sides, and whether you're purchasing as an investor or an owner-occupier,' she said. Recent Labor government tax changes, which apply an additional 15 per cent tax on earnings for super balances exceeding $3 million, would affect an estimated 80,000 Australians (0.5% of super account holders). MORE: Rare backyard find that can kill you 'It will be interesting to see how that plays out over time, as the government has said that $3m won't be indexed, which could then start to impact many more people in many years to come as the number of people with that sum starts to increase, so that's another factor in the equation.' With the super guarantee increasing to 12 per cent on July 1, Ms Tindall said this may encourage some people to take the property route, knowing their employee is contributing more to their super. 'It's also not just the super vs. mortgage, there are plenty of other things like shares people could be putting their money into. It's important to understand what the mix is and understand the pros and cons and the sacrifice you might have to make, as well as the benefits you can get from each one.' TOP 20 NSW GROWTH SUBURBS OVER 10 YEAR AVERAGE SUBURB REGION PROPERTY TYPE Annual Change in Median Price 10 years Thurgoona Murray Unit 19.2 Millfield Hunter Valley exc Newcastle House 16.1 Lockhart Riverina House 14.2 Casuarina Richmond – Tweed Unit 13.7 Jindabyne Capital Region Unit 13.1 South Kempsey Mid North Coast House 13 Brunswick Heads Richmond – Tweed House 12.6 Murwillumbah Richmond – Tweed Unit 12.1 Denhams Beach Capital Region House 12 Bombala Capital Region House 11.9 Fishermans Paradise Southern Highlands and Shoalhaven House 11.8 Harden Capital Region House 11.7 Clareville Sydney – Northern Beaches House 11.7 Jindabyne Capital Region House 11.6 Bogangar Richmond – Tweed House 11.6 Horsley Park Sydney – South West House 11.6 Berridale Capital Region House 11.5 Coal Point Newcastle and Lake Macquarie House 11.5 Kandos Central West House 11.5 Gundagai Riverina House 11.4
Arabian Business
04-06-2025
- Business
- Arabian Business
Oman real estate transactions hit $2.17bn by April 2025, showing 9.7% growth
The total value of real estate transactions in Oman reached RO 833.9 million ($2.2bn) by the end of April 2025, reflecting a 9.7 per cent increase compared to OR760.2m ($1.98bn) during the same period in 2024, according to the latest data from the National Centre for Statistics and Information (NCSI). Key highlights from the data include: Fees collected from all legal transactions rose by 18.4 per cent, reaching OR24.3m ($63.1m), up from OR20.5m ($53.3m) in April 2024 The traded value of sales contracts increased by 13.7 per cent, amounting to OR408.5m ($1.06b), compared to OR359.4m ($934m) in April 2024. Despite this rise, the number of sales contracts fell by 1.4 per cent, with 21,087 contracts compared to 21,385 in the same period last year Mortgage contracts saw a 6.1 per cent increase, totalling OR421.5m ($1.09bn) across 7,164 contracts, compared to OR397.2m ($1.03bn) for 6,482 contracts in April 2024 Exchange contracts showed a slight decrease in volume, with 436 contracts worth OR3.9m ($10.1m), compared to 465 contracts worth OR3.6m ($9.4m) during the same period in 2024 Additionally, the number of issued property deeds increased by 1.7 per cent, reaching 73,432 by the end of April 2025, compared to 72,181 in the previous year. Oman real estate growth However, property deeds issued to GCC nationals dropped by 3.9 per cent, totalling 394 compared to 410 in April 2024.
News.com.au
09-05-2025
- Business
- News.com.au
Home price surges predicted for NT
Territory home prices are expected to surge by up to 107 per cent by 2030 if the pandemic price boom is replicated. Exclusive PropTrack analysis forecasted strong growth across many Territory markets in the next five years, with homeowners predicted to see their properties increase in value by hundreds of thousands of dollars. The top performer of 2030 was expected to be the Muirhead house market, with 107 per cent growth across five years and the median house price jumping from $730,000 to $1.512m, based on trends since the pandemic boom. Meanwhile, Dundee Beach would likely see the average cost of a house hit $564,000, up 66 per cent from the current median of $340,000. Sitting in third place was the Millner unit market, with the average sale price looking to shoot up 64 per cent by 2030, from $333,000 to $543,000. Rounding out the top five were the Coconut Grove unit market, predicted to increase 62 per cent to $595,000, and the Nightcliff house market, up 61 per cent to $1.609m. In regional NT, the top spot was taken out by Katherine East with the average cost of house expected to grow 52 per cent by 2030, from $330,000 to $501,000. Ray White Darwin director, Andrew Harding said the suburbs expected to see the highest increase in price were of no surprise. 'In the Muirhead market, most the properties are selling below replacement value, so it makes sense those properties will double,' he said. 'Dundee Beach is fast growing as a Territory hotspot for holiday makers. 'While in Nightcliff, there have been sales over $2.5m, which has never happened before. 'When you factor in that new benchmark, $2m in Nightcliff will become the new normal before long.' Mr Harding said with Darwin remaining the cheapest capital city in Australia with the highest rental yields, there was plenty of room future growth. 'Given the level of investment from interstate buyers at the moment who see huge value in Darwin, it's possible we'll see those predicted price increases,' he said. 'I think what we're seeing now is the calm before the storm. 'There's just over 500 properties for sale in the Darwin region, where normally that figure sits around 1300. 'Supply and demand is driving the market and we're seeing a fifty-fifty split between investors and owner occupiers. 'Anything below $650,000 is heavily first homebuyers and investor driven, and anything north of $1m is locals looking to upsize or downsize. 'The tricky space is between $700,000 and $1m, where there is very low supply and lots of people looking to buy, typically first homebuyers and families.' Mr Harding said the high and low ends of the market offered buyers good opportunities to see capital gains. 'I think blue chip properties around the 0820, anywhere along coast with 800 sqm, you can't go wrong buying those homes,' he said. 'In the lower end of the market, properties around Gray, Moulden and Woodroffe will see good growth.' NT PROPERTY PRICE PREDICTIONS – 2030 Suburb Property type Current med price 5 year % change Med price 2030 Muirhead House $730,000 107% $1,512,000 Dundee Beach House $340,000 66% $564,000 Millner Unit $333,000 64% $546,000 Coconut Grove Unit $367,000 62% $595,000 Nightcliff House $998,000 61% $1,609,000 Parap Unit $446,000 59% $710,000 Katherine East House $330,000 52% $501,000 Gray Unit $270,000 50% $405,000 Durack House $575,000 48% $850,000 Rosebery Unit $366,000 41% $515,000 (Source: PropTrack)
