It’s a great time to own a coastal property, with seaside locations tipped to rule the property market in 2015.
If you live in a coastal suburb, today is your lucky day.
New data from onthehouse has found that coastal suburbs and towns in Queensland and New South Wales are likely to do well in 2015. The team have compiled a top 10 list using projected growth and rental yield figures.
From the top list, nine were suburbs along the New South Wales and Queensland coast, with Western Australia being the only other state to grab a spot at the top.
Tweed Heads was the top of the list for houses with a projected total return at 14 per cent for 2015.
Allenstown was picked as the top performer in Queensland with a median house value of $267, 500 and a predicted growth rate of 8%.
Predicted total returns for the coastal hotspots of 2015:
- Tweed Heads South – 14%
- Sussex Inlet – 14%
- Mollymook Beach – 14%
- Allenstown – 14%
- Byron Bay (units) – 13%
- Rothwell – 13%
- Bonogin – 13%
- Hermit Park – 13%
- Stratton – 13%
- Morisset – 13%