Property to invest in 2022
In the previous blog, we had talked about the overall housing market performance throughout 2021. Now, let’s have a look at the properties that can be the best investments for 2022.
We all are waiting for the housing prices to decrease, but it doesn’t seem likely for the upcoming year as well. According to ANZ, the housing prices are estimated to rise by 6% for 2022. Affordability has become a larger constraint on demand, as the median multiple reached a new record of 7.7 times in June 2021. It is yet an early stage to estimate the median multiple for 2022; but the projections of the housing market are made within the country by many sources. We have summarised the best suburbs to be invested in, throughout the country.
New South Wales
The price has constantly been rising and affordability has been the biggest challenge. In New South Wales, the suburbs like Wellington, Dubbo and Tamworth stand with the lowest mortgage repayments. In 2021 the repayments were below $250 a week. Also, as per Corelogic data, Coonamble in the northwest of Sydney had the mortgage repayments of just $90 per week. Other suburbs include Broken Hill, Cobar and Werris Creek with the home ownership cost ranging $90 to $150.
If we look at the suburbs in NSW as per the median price, Wickham, Medowie, Safety Beach and Valley Heights range from $700,000 to $765,000. Tarago and Milthrope becomes the best in NSW with the Median price of $530,000 and $637,000 respectively whereas Ropes Crossing and Kariong goes on a higher side of upto $852,000.
Tasmania
For Tasmania, the best suburb to invest would be:
- Riverside with median price of $501,000
- Park Grove with median price of $460,000
- Mowbray with median price of $315,000
- Newnham with median price of $350,000
- St Helens with median price of $420,000
Queensland
Here’s a list of top suburbs for Investors in Queensland looking to purchase a property with a $100k deposit. (Source: Realestate)
| Suburb | Median price |
| Reedy Creek | $988,000 |
| Lower Beechmont | $610,000 |
| Gilston | $850,000 |
| Wellington Point | $756,000 |
| Robina | $901500 |
South Australia
For the past couple of years, the areas in South Australia have seen a high demand from buyers with a minimum of 5% median house growth rate.
Aldgate has occupied the top spot in the list with 24% median growth rate, and has been the favourite among the buyers.
Other suburbs ranked according to the percentage median growth rate are:
- Unley 20%
- Malvern 8%
- Eden hills 30%
- Belair 6%
- Parkside 6%
- Burnside 45%
- Marino 7%
- Bridgewater 12%
- Large Bay 14%
(Source: realestate.com.au)
Victoria
Across Victoria, the areas like Wyndham and Melton among the lowest annual growth rates, have now been experiencing an increase in affordability over the past few years. Victoria’s price has been reaching new heights post pandemic.
Some of the best suburbs in Regional Victoria to invest (Source: Realestate and Domain)
| Suburb | Median price |
| Beaconsfield | $825,000 |
| Belmont | $645,000 |
| Corio | $410,000 |
| Cowes | $595,000 |
| Flora Hill | $415,000 |
| kyneton | $695,000 |
| Shepparton | $325,000 |
| Traralgon | $360,000 |
| Warrnambool | $425, 000 |
| St Albans Park | $495,000 |
Western Australia
Perth would be the best property market if you are considering long term investments. The Median property price in South Perth is $12,50,000 for houses. Another growth suburb in the outer coastal region of Perth, Yanchep’s house prices are now going as cheap as $370,000.
Clarkson also stands out as a strong investment for first time homebuyers, with a median property price of $375000. Forrestfield and Wandi both are growing at a slow and steady pace, marking the median price of $4,00,000 and $510,000 respectively.
The suburbs that cannot be missed also include Como, Scarborough and Busselton. The growth rates vary from 3-5% in the suburbs, and are estimated to double in another 5 years. The median property price ranges from $495,000 to $840,000. Como is the hotspot for students and city workers, whereas Scarborough is ideal for tenants who prefer to work locally.
Canberra
Canberra has always been the most expensive investment market. The property price continues to grow. Among the expensive markets, following are some sorted top affordable suburbs, if you are planning to invest in 2022.
| Suburb | Median house price |
| Harrison | $785,000 |
| Curtin | $1,080,000 |
| Florey | $735,000 |
| Gungahlin | $790,000 |
| Isabella plains | $630,000 |
However, there may be many forces that might offset the demand throughout the country. The coronavirus pandemic is still uncertain with the emerging new mutants. There might be lessening of remote work trends through vaccine rollouts and return to office initiatives.
First home buyers are expected to fall in datas, due to difficult affordability and concessions and incentives mitigation. Buyer’s are always suggested to investigate the market situation before jumping into purchasing. For the best investment, comparison, proper research and professional assistance is always a key.
