Do you want to invest in a rental property in an area experiencing growth in order to create equity?
Targeting suburbs with the fastest median growth rates can help you to generate equity and grow the long term value of your portfolio.
Here's a look at the fastest growing suburbs in each state by dwelling type and number of bedrooms right now. The data is taken from our latest fastest growth suburbs report - which we publish on the first of each month.
.png?width=800&name=Fastest%20Growth%20Suburbs%20(13).png "Fastest Growth Suburbs")
.png?width=800&name=Fastest%20Growth%20Suburbs%20(14).png "Fastest Growth Suburbs")
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Cotality’s national Home Value Index climbed 0.7% in August—the largest monthly increase since May last year—lifting the annual growth rate to 4.1% for a second consecutive monthly gain.
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.60 per cent.
National dwelling values increased by 0.6% in July, maintaining the pace of growth seen in the previous two months, based on CoreLogic’s latest Home Value Index. This represents the sixth consecutive month of growth, coinciding with the initial rate reduction implemented in February.
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