Australians love property, but for many, figuring out where to invest is the hardest part. Finder's Property Investment Index uses a range of data inputs to predict price growth in each suburb across Australia's major cities. Property Investment Index pages for Sydney, Melbourne, Brisbane, Adelaide and Perth are also available.
As of August 2024, the following suburbs have the highest potential for price growth:
Houses
Units
The Property Investment Index is a model that ranks suburbs based on their investment potential. Suburbs are scored out of 100, with 100 indicating very high predicted price growth and 0 indicating very low or negative predicted price growth.
The final score is calculated based on 3 factors:
An additional 15 points are given to suburbs that have had at least 1 property sale over the past 12 months. The number of points for each suburb is capped at 100.
The index is intended to be an indicator of relative price growth, rather than of property prices themselves. A high score does not necessarily mean that a suburb will have the highest house prices but that we can expect strong growth in that area.
Note: The methodology was adjusted in August 2024 to remove all suburbs which do not have currently available CoreLogic sale price data for houses or units, as applicable. This has resulted in a number of smaller and more regional areas with few property sales not receiving a score. These areas will appear again once CoreLogic reports sale price data for those areas.
Finder's Property Investment Index uses a range of data inputs to predict price growth in each suburb across Australia's major cities. These data inputs are weighted to produce a score out of 100, with 100 indicating very high predicted price growth and 0 indicating very low or negative predicted price growth.
Apart from the weighted inputs listed below, an additional 15 points are given to suburbs that have had at least 1 property sale over the past 12 months.
Prior to the pandemic, investor activity in Tasmania had been relatively stable. When COVID hit, investor home loans remained largely unchanged, before starting to increase towards the end of 2021. In March 2022, the value of new investor home loans reached a historical high of $157 million, an increase of 38% from the previous year. As of June 2024, the total value of investor loans in Tasmania has been reported at $108.5 million, a decrease of 4.7% month on month and an increase of 18.3% year on year.
The data also shows investors are beginning to take on more of the market from owner occupiers. In January 2021, investor loans made up 24% of all home loans, but that figure has now grown to 41% in June 2024.
The rolling 3-month average sale price in Hobart showed a decrease from $757,695 in March 2022 to $658,204 in May 2024.
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