Home' API Magazine : March 2014 Contents 48
API MARCH 2014
MARCH 2014 API
Whether you’re in the market for your first home or a debut
investment property, knowing where to start your search can
API has made the task a bit easier for you. With the help of leading
experts from each mainland capital city, we’ve pinpointed the
suburbs where first-time buyers could find the perfect property
When compiling their lists, our experts were asked to keep the
following criteria in mind – relative affordability, proximity to
decent services and amenity, and good medium to long-term
> Turella, Arncliffe, Bexley – sleeper suburbs, lovely homes,
growing population of younger families, good alternative for
those who were priced out of Marrickville and then Earlwood in
> Campsie – good value, on a train line, gentrification potential
in the future, a growing population and good prospects for
> Manly Vale, Allambie Heights – still some decent buying,
opportunities to get something with a bit of land attached.
> St Ives – lovely family suburb, decent-sized homes, lots of
choices for schools, direct city bus route, access to the beaches.
> Davidson, Belrose – established family areas, well serviced by
buses, relatively easy access to the city and beaches, excellent
array of lifestyle amenity, good local schools.
Amanda Segers, buyers’ agent with Amanda On My Side, www.amandaonmyside.com.au
> Seddon – jewel of the inner west, small suburb with a village
feel, good food and retail facilities, mainly period homes on offer.
> Sunshine – for the more adventurous, bang for buck, largely
brick homes with solid foundations, one of the last suburbs in
the west to be picked up.
> Preston – changing area dynamics, classic examples of assorted
period homes, some good opportunities on offer.
> North Melbourne – still very much under the radar,
emergence of edgy eateries and lifestyle options, set for
change, good for apartments.
> Cremorne – the home of start-ups and creative types, close to
the city edge, strong selection of warehouse-style lofts on offer,
good lifestyle options, worth a look for units.
Paul Osborne, buyers’ agent and founder of Secret Agent, www.secretagent.com.au
> Zillmere – good train and bus transport, proximity to major
shopping, good opportunities to buy in a market that’s just
starting to feel an upswing, realistic to find a house with a yard
that won’t cost the earth.
> Mount Gravatt East – close to good retail amenity,
relatively affordable house options on offer, close to
transport infrastructure, evolving urban landscape thanks
to recent rezoning.
> Clayfield – lots of affordable units with good-sized floor plans,
prime candidates for renovation and value add, good train and
bus transport, close to great schools.
> Bulimba – blue-chip area with affordable units, solid brick walk-
up complexes, proximity to prime lifestyle amenities, bus and
Zoran Solano, buyers’ agent with Hot Property Specialists, www.hotpropertyspecialists.com.au
> Torrensville – close to the CBD, excellent bus services, good
schools, great range of cafés and restaurants, good local
facilities, some character properties, gentrification potential.
> Thebarton – good tram and bus access to the city, close to the
city, has some character properties, ripe for gentrification.
> Cowandilla – close to the school, good school, adjacent to the
airport, not far from the beach, good shopping facilities.
> Christies Beach – beachside suburb with cheap median
house price, train and bus access, decent school facilities,
> Port Noarlunga – affordable properties, beachside suburb, easy
access to trains and buses, great range of shops, decent cafés
Peter Koulizos, author and property investment lecturer, www.thepropertyprofessor.com.au
> Midland – good entry level prices, at the end of the train line, a
hub for surrounding rural areas, generally good local facilities.
For a suburb profile, turn to page 94.
> Thornlie – very affordable for first-time buyers, sits on a train
line, good access to the Roe Highway, some local retail facilities.
> South Lake – relatively affordable prices, close to major
shopping areas, good access to the Kwinana Freeway,
surrounded by popular lakes.
> Ballajura – relatively affordable median price, often slips under
the radar, close to the Reid Highway and Tonkin Highway.
> Clarkson – established northern suburb, sits very close to the
coast, access to train transport, affordable median house price,
near the committed Mitchell Freeway extension.
Damian Collins, buyers’ agent and managing director of Momentum Wealth,
> Harrison – number of smaller blocks and homes available in
the latest stage of the development, quality reputation, ease of
access to the city, close to key transport.
> Narrabundah – perennial sleeper of the inner south, close to
many tightly held suburbs, near the newly developing Kingston
Foreshore precinct, properties still available in the sub-
$500,000 range. For a suburb profile, turn to page 103.
> O’Connor, Lyneham, Turner – large supply of new units through
these pockets has driven prices down, good opportunities to
take advantage of a softer market, good locations.
> Googong – developing suburb just outside the Australian
Capital Territory border, designed to provide country-style
living, affordable prices, good local amenities.
Jordan Hayes, valuer and associate director – residential with Herron Todd White, www.htw.com.au
> Karama – low entry prices, basic properties with room to add
value, demographic changing from predominantly government
housing to young families.
> Durack Heights – relatively new suburb with affordable options,
smaller homes on smaller lots, basic offering but low entry level,
good nearby amenities and facilities.
> Coconut Grove, Nightcliff, Rapid Creek – more preferred
areas of the northern suburbs, close proximity to the beach,
good retail facilities, easy commute to the city, affordable
units on offer.
Brendan Clark, assistant property valuer with Herron Todd White, www.htw.com.au
First-time buyer hotspots
COVER STORY // CRACKING THE MARKET
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