Hotspotting

The property market in Adelaide has taken another giant step forward.

Get the new Top 5 Adelaide Hotspots Report

I’ve just completed the research on sales activity and prices – and it shows that Adelaide continues to build on its recent good performance.

It’s gone from being a steady market to being a boom market – and that makes it a place investors need to consider, because Adelaide offers great value for money and much better rental yields than those available in the bigger capital cities.

In my Autumn 2021 survey three months ago, Adelaide had 93 suburbs with rising sales activity, easily a record in the six years I have been conducting our quarterly surveys.

My new Winter 2021 survey has revealed that there are now 104 suburbs with forward momentum. The past four quarterly surveys have recorded 52 62 93 and 104 suburbs as rising markets, in terms of sales activity, a pattern that shows how much the Adelaide market has advanced.

This is being reflected in price performance. The vast majority of Adelaide suburbs have rising prices and the latest data from CoreLogic shows that Adelaide house prices have increased 13% in the past 12 months – that’s better than Brisbane and Melbourne, and comparable with Sydney.

In the first five months of 2021, Adelaide prices have jumped 8% - and with the big increase in sales activity, that level of growth is expected to continue.

This week we have published our new edition of the Top 5 Adelaide Hotspots report.

I urge you to get a copy because Adelaide offers a high level of affordability, incredibly low vacancy rates, good rental yields – and great prospects for ongoing capital growth, underpinned by an economy that’s steadily rising.

So get yourself a copy of Top 5 Adelaide Hotspots today and find out the places I believe are the best ones to target in one of Australia’s most compelling growth markets.

Selecting the RIGHT property for YOU – It’s the trickiest thing to get right in real estate

Many people think there’s a right answer to basic property questions.

• Where’s the best place to buy?
• Is it better to buy new or established?
• Are houses better than apartments?
• Are capital cities better than regional areas?

The reality is: the right answer to those and other queries depends on the individual.

There’s not one right answer to real estate questions.

It’s about YOU the individual: your age, your current circumstances, your income, what you currently own, your personality, your life goals – and a whole lot more.

That’s why it’s so important for prospective investors to seek help from qualified professionals in finding the right property for the individual.

On Wednesday 9 June, Hotspotting founder Terry Ryder spoke with property investment expert Tim Graham of Reventon to discuss these issues.

As the residential property market rapidly recovers post-covid and desperation fills the real estate scene, it’s become harder for buyers to compete.

Too often buyers are led to believe they are on the back foot and have to agree to anything demanded by the selling agents to secure a property (e.g. your offer must be unconditional to be considered by the vendors). But this is not the case.

Leading mortgage broker and property investment expert Louise Lucas of The Property Education Company says: “Sorting out and sticking to your own race is the most important part of your property investing plan.”

On Wednesday 26 May, Lucas and Hotspotting founder Terry Ryder discussed smart ways to prepare to purchase in a hot market.

This webinar covered:-

- How buyers can move quickly and efficiently when they have found a property they want to buy.
- Why it is critical that investors sort out their funding options before they put time into searching for properties and competing in busy markets.
- How to beat the competition with a compelling offer.
- What you need to understand about loan pre-approvals – what they mean and don’t mean.

The Sydney market continues to perform at a high pitch, with the number of growth suburbs down only slightly on the record levels of the previous quarter.

In our Autumn 2021 survey of sales activity published three months ago, we identified 140 suburbs with rising sales activity, up from 93 the previous quarter.

In our current survey, the Winter 2021 survey, we have found 121 suburbs with rising activity - compared with just 24 a year ago.

This means Sydney overall has tapered marginally but still has the second highest number of growth markets in the six years we have been conducting our quarterly surveys.

This continues to translate into exceptionally strong price performance, with notable uplift over the past three months.

In terms of sales activity, the sectors which have shown notable improvement in our Winter survey are those which offer a degree of affordability – locations that are a tier or two above the bottom end but a little below the middle market areas.

They form two general growth precincts – west and south.

The price performance across Sydney in the past 12 months has been extraordinary.

Of the 223 suburbs in our price analysis, 217 (97%) have recorded growth in their median house prices, including 88 with increases above 10% and some above 20%.

Apartment markets have shown strong recovery signs also, with eight out of ten suburbs delivering annual increases in their median prices, most of them above 5%.

There are multiple growth suburbs in precincts right across the Sydney metropolitan area.

And this week we have published our new edition of the Top 5 Sydney Hotspots report.

In preparing this report, we have sifted through all that information and chosen five areas of Greater Sydney which we think have good prospects for growth, taking a medium to long-term view.

So, get yourself a copy and have a read – to make sense of the current market frenzy in Australia’s biggest city.

https://www.hotspotting.com.au/product/top-5-sydney/

In this free webinar, Terry Ryder of Hotspotting chats with Tim Graham COO of Reventon about the property market in South East Queensland.

As property prices rise rapidly across Australia, there is a growing chorus of voices concerned about the deterioration of affordability.

Some claim that more and more people are being priced out of the market.

As is so often the case, such claims can be exaggerated – designed more to drum up publicity than to inform the public.

Nevertheless, there’s no doubt that prices are escalating in many parts of the nation and that properties are selling quickly at often higher-than-expected prices.

It’s making it harder for investors to find affordable locations with good growth prospects.

That’s where Hotspotting comes in, with its Cheapies with Prospects reports.

These are the special Top 5 Hotspots reports that identify good places to buy, where the prices are cheap, but the growth prospects are strong.

We have two separate editions of the Cheapies with Prospects reports – the City edition and the Regional edition – but we offer them together, as a Bundle.

If you get the Cheapies Bundle, you’ll get access to 10 good locations to buy at affordable prices, and you’ll get the two reports together at a discount of 20% compared to the cost of buying the two reports separately.

So have a read of our Cheapies with Prospects reports to find out the best places to buy in the capital cities and in the regional areas at attainable prices – but, most importantly, with good prospects for capital growth in the future.

The Brisbane market is rising, boosted by its relative affordability, a big infrastructure spend and the prospect of hosting the 2032 Olympics.

Demand from home-buyers and investors, including large numbers of interstate buyers, has resulted in a massive uplift in sales activity – and prices are responding.

At the same time, rental vacancy rates are low in most parts of the city and there is great potential to lift rentals and yields.

On Wednesday 12 May, Hotspotting founder Terry Ryder hosted a free webinar featuring leading Brisbane real estate professional Mark Shorrock of Bluestone Property Management & Sales where they discussed ways for investors to benefit from the rising tide in the Brisbane market.

Shorrock presented case studies showing how investor owners can achieve rental increases of 10% or 15% in a market characterised by high demand and low supply.

When everywhere is having a price boom, how do you choose the ten best places to buy?

Right now, it feels like you could throw a dart at a map of Australia and buy wherever it lands – and you’ll get capital growth this year.

But investors should be thinking beyond the current boom and taking a longer-term view.

In times when buyers are busy, homes are selling quickly and prices are rising month by month, it’s critical that investors avoid being reckless.

It’s important to examine the credentials of locations and their potential to deliver sustainable long-term growth.

In considering our choices for this new edition of the National Top 10 Best Buys, we have looked at the more distant horizons.

We have opted for locations that …

• Offer a reasonable level of affordability
• Have low vacancies and rising rentals
• Are underpinned by a strong and diverse economy
• Have good existing amenities plus spending on new infrastructure
• Fit the key trends that are likely to drive markets for the foreseeable future
• Have not yet approached their market peaks.

Our new Top 10 list has locations spread across Australia and has a mix of capital city and regional locations.

They’re all places with great potential to deliver for investors.

So get yourself a copy of the new edition of our most popular product, the National Top 10 Best Buys report.

New research has shown that traditional rental properties fail to fulfil any of the major wish-list items of tenants. At the same time, investor owners often get disappointing rental returns from typical houses.

But a new housing concept now emerging in key market hotspots is addressing both problems.

Research by the Gallery Group, which gathered feedback from 1,300 tenants who were sharing homes with others, provided surprising results. Gallery Group CEO Adam Barclay says lone-person households are the fastest-growing segment in the market so they asked members of this cohort the kind of rental accommodation they wanted.

And the features these typical tenants wanted most were a private bathroom, a lockable pantry, fully-furnished premises and bedrooms that were air-conditioned and lockable – and without the owner living on the premises.

Most typical share houses or apartments fail to provide these desirable features.

This has given rise to a new concept dubbed Co-living – where purpose-designed new homes provide individual rooms with their own bathrooms in what looks like a conventional three-bedroom modern house.

Such a home in, say, Logan City in Brisbane’s south might rent for $400-450 per week as a conventional dwelling, but as a Co-living home each room can be rented separately for $275, totalling $825 per week.

On Wednesday 28 April, Hotspotting founder Terry Ryder hosted a special webinar on Co-Living, featuring buyers’ agent Scott Northcott of Property Hotspot and Adam Barclay of Gallery Group.

The long-awaited upsurge in the Perth market is upon us.

Perth has transformed from recovery to boom in the space of a few months, with a doubling in the number of suburbs with rising markets.

Our Summer 2020-21 survey of sales activity identified 59 rising suburbs across Perth, the highest in the six years we have been conducting our quarterly surveys.

But our latest (Autumn 2021) survey finds that the number has doubled to 118 suburbs, a remarkable change in just three months.

This uplift in buyer activity is being reinforced by other data, including very low vacancy rates, rising rents and increasing levels of price growth.

This avalanche of strong, positive statistics coming out of the Perth market coincides with the publication of our new edition of the Top 5 Perth Hotspots report.

It reveals that rising markets are spread right across the Perth metropolitan area and include a broad range of price points.

But the greatest momentum is at the affordable end of the market, with strength also evident in middle-market areas.

The LGA of Wanneroo in the far north has 14 rising suburbs, driven by first-home buyers and other owner-occupiers on a budget.

Many are suburbs with median prices in the $300,000s and $400,000s.

The City of Stirling, which regularly features in these reports, also has 14 rising suburbs. Stirling is a middle-ring LGA with a wide range of suburbs with different price points.

The significant upturn in sales activity recently is starting to translate into price performance.

In the past 12 months, 60% of Perth suburbs have recorded growth in their median house prices, but in the most recent quarter 78% have had price increases.

I expect this momentum in Perth prices to continue and it’s noteworthy that most forecasters expect Perth house prices to increase 10% or 15% in the next 12 months.

To find out the best places to buy in this strongly rising market, get yourself a copy our new Top 5 Perth Hotspots report and have a read today.