Ballina, Yamba are property ‘hot spots’

June 25, 2008

Ballina and Yamba have been identifed as property ‘hot spots’ in a national survey.

“Regardless of the stage of the property cycle, there are always new hot spots emerging that have the potential to out-perform the market and deliver above-average growth to investors,” said national property market forecaster Terry Ryder of http://www.hotspotting.com.au/.

“Ballina and Yamba are set to benefit from one of the country’s most influential pieces of new transport infrastructure – the Tugun bypass on the southern Gold Coast.

“This newly opened bypass makes northern NSW more accessible to the larger population bases of south-east Queensland.

“Ballina and Yamba are still relatively affordable and are home to a number of new residential developments.”

Mr Ryder has identified a new batch of such locations worthy of real estate buyers’ attention in his latest quarterly The Ryder Report.

The report includes new hot spot alerts for each Australian State and Territory:

New South Wales: Ballina/Yamba

Queensland: Bowen Hills/Newstead

Victoria: The Surf Coast

South Australia: Strathalbyn

Western Australia: Boddington

Australian Capital Territory: Acton

Tasmania: Cambridge

No part of the Northern Territory was recommended as a future hotspot due to the massive downtown in sales across what is a rapidly cooling market, according to The Ryder Report.

Mr Ryder said there was a general easing of investor demand across the national residential property market, against a backdrop of interest rate rises, economic and sharemarket volatility and soaring family bills in supermarkets and service stations.

“However, at every phase of the cycle there are new out-performers emerging that will be the future hotspots delivering the best capital growth,” he said.

“They key to successful property investing at any time, but particularly in the current market cycle, is to focus on future growth potential rather than past price growth.

“The greatest danger for property investors is buying in areas purely because they showed the highest growth last year.

“The underlying premise of this strategy is that what happened last year will happen in the future, and that’s nonsense.”

Share and Enjoy: