List reveals 42 suburbs with bright prospects for price growth

Sydney and Perth suburbs, many of them in the cities’ outer rings, dominate a list of 42 top price growth hotspots for 2012.

The 42 suburbs have been cherry-picked from the “601 Top Suburbs” report compiled by Smart Investor magazine.

Out of the 601 suburbs, only 19 are expected to show price appreciation of more than 5% with eight each in NSW and Western Australia and three in Queensland.

Indicating the subdued outlook for Victoria in 2012, only seven suburbs are forecast to deliver returns of 4%.

The NSW list is made up entirely of Sydney suburbs, with half of these in the outer west – a growth hotspot identified by the likes of SQM Research director Louis Christopher and Douglas Driscoll, CEO of Starr Partners.

The WA list indicates a developing hotspot south of Perth, with median house price in Thornlie, Canning Vale and Willetton expected to grow more than 5% in 2012.

The Queensland list is made up entirely of remote mining towns.

NSW top growth suburbs in 2012 (5% plus)

• Cremorne Point units (north shore)
• Hillsdale units (eastern suburbs)
• Smithfield houses (outer west)
• Five Dock houses (west)
• Condell Park houses (outer west)
• North Rocks houses (outer west)
• Villawood houses (outer west)
• Marsfield units (north west)

WA top growth suburbs in 2012 (5% plus)

• West Perth houses and units
• South Hedland houses (mining, Pilbara)
• Willetton houses (south Perth)
• Bassendean houses (north east Perth)
• Port Kennedy houses (outer south Perth)
• Thornlie houses (south east Perth)
• Boulder houses (west Perth)
• Canning Vale houses (south Perth)

Queensland top growth suburbs in 2012 (5% plus)

• Moranbah houses (mining, Isaac region)
• Blackwater houses (mining near Rockhampton)
• Emerald houses and Units (mining, central highlands)

Victoria top growth suburbs in 2012 (4%)

• McCrae houses
• Kialla houses
• Maryborough houses
• Portland houses
• Horsham houses
• Red Cliffs houses
• Miners Rest houses

South Australia top growth suburbs in 2012 (4% plus)

• Roxby Downs houses
• Ingle Farm houses
• MunnoParaWest houses

ACT top growth suburbs in 2012 (4% plus)

• Gungahlin houses
• Monash houses

TAS top growth suburbs in 2012 (4% plus)

• New Town units
• Queenstown houses
• Lenah Valley houses
• New Town houses
• Blackmans Bay houses

NT top growth suburbs in 2012 (4% plus)

• Roseberry houses and units
• Bellamack houses
• Parap units
• Stuart Park houses
• Bakewell houses
• Gunn houses

This article first appeared on Property Observer.