About this Report
Not every suburb contains properties with renovation potential as opportunities are dependent on the position a suburb holds in its lifecycle. For example, a new suburb presents few to no opportunities, while older suburbs are likely to present better opportunities. Some older suburbs will still not present opportunities for profit though renovation, with renovators running the risk of overcapitalising on their purchase. Renovators need to be on the lookout for suburbs with a broad spread of values for renovated versus unrenovated properties.
Residex calculate the Top 100 Suburbs with renovation potential, and restrict the results to those most likely to provide the best future capital growth and rental returns. This report is vital for identifying areas that have the best prospects for profit through renovation.
Who should use this Report:
This Report is essential reading for investors whose strategy is to invest in properties that require renovation by helping identify suitable areas.
What do I receive?
Top 100 suburbs (mix of houses and units) with data points of:
- 10 year growth
- 3 year growth
- 2 year growth
- 1 year growth
- 5 year prediction
- 8 year prediction
- Number of streets with renovation potential
- Number of sales
- Median value
- Median rent
- Rental yield
- NSW - Capital City ( Postcode Range: 2000 - 2249, 2552 - 2570, 2740 - 2771 )
- NSW - Country
- VIC - Capital City ( Postcode Range: 3000 - 3207 )
- VIC - Country
- QLD - All Areas
- WA - All Areas
Frequently Asked Questions
How do I know I can trust Residex data?
Residex is now part of CoreLogic, Australia’s largest provider of property data and insights. Our data is used by real estate agents, mortgage brokers, the finance industry and government. Read about our Data Promise of Trust Through Transparency here.