NextHotSpot.com.au founder Luke Berry, said that unlike the many other ‘Hot Spot’ Reports that rank suburbs based on what has already happened, this exclusive Hottest50 report looks at infrastructure developments, population trends, proposed construction numbers as well as existing rental information to forecast which areas will become hotbeds of activity in the near future.
“This approach ensures the markets identified remain affordable and still offer opportunity to make money.
Each of the 50 regions featured in the report have been rated an investment score out of 100, which represents the potential for investors to find properties that will perform strongly over the long term,” said Berry.
With affordability the issue de jour in the property market, Your Investment Property managing editor Nila Sweeney said this was a key consideration when assessing the sustainability of price growth in these hotspot areas.
“Markets where there is plenty of room for prices to increase, yet which will still stay within the realm of what local buyers would consider affordable, were rated among the highest,” said Sweeney.
“Conversely, those markets already walking the knife edge of what buyers would be willing to pay were not rated as highly.”
As well as in-depth information about each hot spot, the exclusive Hottest 50 report also provides an overview of how markets in each state are performing overall, and why the property outlook in some states is better than others.
Queensland was home to the largest share of hot spots, followed by Western Australia and NSW.
Your Investment Property magazine is recognised as an industry leader with over 26,000 monthly magazine sales and over 40,000 email subscribers. Its magazine is distributed nationally and is one of the most widely read property magazine in Australia.
The NextHotSpot is one of Australia’s fastest growing investment portals, supporting over 25,000 investors in the research of property markets.