September is here and the Australian property market continues to offers a range of opportunities for both first-time buyers and seasoned investors. With prices and growth rates varying significantly across the country, it’s important to know where to look for the best deals and potential returns. This article explores some of the most promising areas for those entering the market with limited funds, as well as regions that could offer strong returns for investors. From affordable regional towns to up-and-coming city suburbs, let’s unpack the September data from CoreLogic and uncover some hidden gems.

For First Home Buyers with Low Borrowing Capacity

For those looking to get their foot on the property ladder with limited funds, there are still some affordable options across Australia. Here are some areas worth considering:

Regional Areas Offer Affordability

Mildura, Victoria: With a median dwelling value of $417,051 and a 4.4% annual growth, Mildura in Northwest Victoria presents an attractive option for first-time buyers. Its affordability coupled with steady growth makes it a sensible choice for those with lower budgets.

Lower Murray, NSW: This region boasts one of the lowest median values at $308,802, with a respectable 5.5% annual growth. It’s an excellent starting point for those looking to enter the market without breaking the bank.

Barossa, South Australia: While slightly pricier at $626,609, the Barossa region has shown strong growth of 14.6% annually. This could be a good option for those who can stretch their budget a bit further for potentially better long-term gains.

Affordable Capital City Options

Playford, Adelaide: With a median value of $556,256 and an impressive 21.9% annual growth, Playford offers an affordable entry point into the Adelaide market.

Kwinana, Perth: At $638,651 and boasting a whopping 31.4% annual growth, Kwinana in Perth’s southwest is worth considering for those who can manage the slightly higher price point.

For Investors Looking for Future ROI

Investors with an eye on future returns might want to look at these areas:

High Growth Regional Areas

Gladstone, Queensland: With a 24.6% annual growth and a median value of $501,828, Gladstone tops the list for regional Queensland. Its strong growth trajectory makes it an appealing prospect for investors.

Bunbury, Western Australia: Showing a robust 26.9% annual growth and a median value of $603,166, Bunbury offers exciting potential for investors looking at the WA market.

Capital City Hotspots

Canterbury, Sydney: Despite Sydney’s high prices, Canterbury has shown a 13.3% annual growth with a median value of $1,232,191. For investors with deeper pockets, this could be a solid long-term play.

Springwood-Kingston, Brisbane: With a 25.5% annual growth and a median value of $724,312, this area in Logan-Beaudesert presents a more affordable option with strong growth potential.

Perth: Overall, Perth is showing strong growth across multiple areas, with Kwinana, Gosnells, and Armadale all showing annual growth above 29%. This suggests Perth might be entering a boom phase, potentially offering good returns for investors.

Conclusion

The Australian property market offers a mix of options for buyers and investors alike. First home buyers can find good value in regional areas and outer suburbs, where lower prices don’t rule out future growth. For those looking to invest, fast-growing regions and select city areas show promise for solid returns. But remember, there’s more to consider than just numbers. Look into local services, job prospects, and lifestyle factors when making your choice. The property market can be tricky, so it’s smart to talk to financial advisors and local real estate experts before you buy. With good planning and well-informed decisions, both new buyers and seasoned investors can find success in Australia’s varied property scene.