NSW Has Most Hotspots: Report

19 Jan 2012 - James Mitchell from http://www.spionline.com.au

New South Wales has been flagged as the state with the most hotspots in Smart Property Investment’s inaugural Fast 50 Report.

Eighteen suburbs were flagged for growth in the state by a panel of experts including Destiny Financial Solutions founder Margaret Lomas, Hotspotting.com.au founder Terry Ryder, SQM Research founder Louis Christopher, wHeregroup director Todd Hunter and NextHotSpot director Luke Berry.

Sydney’s West was picked as one of the most significant growth corridors in the year ahead by SQM Research founder Louis Christopher.

Speaking to Smart Property Investment, Mr Christopher said that Blacktown and Penrith were primed for growth.

“Like many of its surrounding suburbs, Penrith has a notably low vacancy rate at just 0.6 per cent,” Mr Christopher said.

“The suburb also has one of Sydney’s best income to house price ratios and, like Blacktown, is on CityRail’s Western and Blue Mountains lines and is close to the M7 and M4 motorways,” he said.

For more information on the fastest growing suburbs of 2012 and beyond, pick up the latest issue of Smart Property Investment, on newsstands today.