As the real estate landscape evolves in the Northern Rivers region, smart investors are eyeing key areas for promising opportunities. Explore insights into thriving markets, including Byron Bay, Tweed Heads and surrounding suburbs, where strategic investments are unlocking potential growth.
Navigating the market
Understanding the economic climate is fundamentally important when making investment decisions. Our guide to the Northern Rivers property market will help you find the best suburbs to invest in and ensure you maximise the value of your property investments. We consider factors including 12-month increase in property value and 12-month increase in rental value to give you insights into the most-promising real estate conditions in the region.
Northern Rivers property segment
The Northern Rivers boasts a lucrative real estate market. A diverse selection of investments are possible in the region. From quieter oceanside communities to the commercial city centers, the region may appeal to discerning investors seeking capital growth and rental income growth.
Housing hotspots
Growth suburbs in the Northern Rivers region demonstrated significant increases in median value. These areas may also offer great potential to investors. These hotspots showcase the region's diverse market trends, offering investors capital appreciation opportunities.
- Byron Bay: Experienced a notable 5.5% surge in median housing value, reaching $1,355,910.
- Tweed Heads: Saw a 7.8% increase in housing value, with the median housing value bottoming out at $737,278.
- Suffolk Park: Recorded a 7.8% decline in housing value to a median value of $1,113,674.
- Tweed Heads West: On the apartment front, observed substantial growth of 10.8%, resulting in median unit value topping our list at $528,171.
- Taree: Experienced an 8.1% increase in unit value. Median value here reached $367,755.
Highest gross rental yields:
The suburbs located in Lismore and Tweed Heads witnessed the largest increases in rental values last year. These areas may prove promising regional investment zones for those seeking high rental yields.
- South Lismore: Saw a significant 8.3% rise in housing rent value, reaching $504 per week.
- Lismore: Experienced a 7.2% increase, with average housing weekly rent value reaching $520.
- Lismore Heights: Also noted a 6.9% uptick to, with housing rental value reaching $542.
- Tweed Heads: In terms of unit rentals, led the market with a substantial 8.7% increase to $654.
- Tweed Heads West: Observed a 8.6% increase, with median weekly unit rent reaching $555.
The Northern Rivers’ real estate landscape offers investors a diverse range of opportunities. From the bustling urban center of Lismore to the serene ocean views of Byron Bay, the region promises a blend of coastal beauty and financial potential for astute investors.
As you navigate the dynamic Northern Rivers property market, Newcastle Permanent is your Investment Home Loan specialist. Our team of local lending experts are here to help you make the most of your investment potential, whether you’re a seasoned investor, or just starting out.
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