Best Places to Buy Investment Property in Australia From Singapore

Australia’s housing market is forecast to see continued growth in certain cities over the next few years, presenting prime opportunities for Singapore-based investors to purchase property down under. But where exactly should you buy real estate in Australia right now for optimal returns?

This comprehensive guide analyses data from the QBE 2022-2025 Housing Market Outlook report to reveal the 10 best places to buy investment property in Australia from Singapore in 2023 for rental income and capital growth.

Read on to know the best places to invest in the Australian markets poised for the strongest performance based on factors like affordability, population growth and urban renewal.

Overview of Australia's Predicted Property Market Changes

Before diving into locations, let’s overview the report’s key predictions for Australia’s housing market from 2022 to 2025:

  • The sharp rise in prices during the pandemic has ended, and the market entered a correction phase in mid-2022.
  • Rising interest rates to curb inflation are slowing demand and causing prices to fall in major cities like Sydney and Melbourne.
  • Perth and Brisbane markets will outperform due to relative affordability, economic diversity and infrastructure spending.
  • Overseas migration returns will increase rental demand, especially in inner-city apartments.
  • Unit prices are forecast to hold up better than detached houses over the next 3 years.
  • There is a growing emphasis on energy efficiency and sustainability in new housing.

These trends point to specific opportunities for Singaporean investors in the coming years. Let’s explore the top places to buy.

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Why Australia is a Top Choice for Singapore Property Investors

Australia offers an appealing environment for Australian expats and foreign investors in Singapore for several key reasons:

Relatively Stable Markets

Australian property markets experience less volatility compared to other major markets globally. Housing prices see lower peaks and higher troughs than countries exposed to greater political and economic risks.

High Rental Demand

Australia’s growing population and steady immigration keep rental demand high, especially in the major cities. This provides investors with more potential tenants and higher rental yields.

Strong Infrastructure Spending

The government continues to invest heavily in infrastructure like public transport networks, roads, hospitals and universities. This raises the appeal of surrounding real estate.

Lifestyle Appeal

Australia’s enviable climate, beaches and relaxed pace of living make it attractive to both residents and tourists. This broader appeal underpins property demand.

Maturing Market

Established markets like Sydney and Melbourne provide stability and a history of solid returns. Developing markets like Brisbane offer future growth potential.

The combination of stability, income and growth potential make Australian property a strong option for offshore investment. Proper research and advice are key.

10 Best Places to Buy Investment Property in Australia From Singapore

After analysing the data, we’ve identified the top 10 locations for Singaporeans to invest in Australian real estate based on market performance predictions through 2025:

1. Brisbane, QLD

  • Brisbane continues to show strong growth, with property prices rising by approximately 12% year-on-year in 2024. The population influx from interstate migration is creating substantial housing demand. Infrastructure projects like the 2032 Olympics and Cross River Rail are major drivers of development.
  • With rental vacancy rates at a low 1%, Brisbane remains a top choice for investors, particularly in suburbs like Paddington, Newstead, and Bulimba, which are experiencing significant price growth and high rental demand.
  • Brisbane is forecast to continue outperforming through 2025 as northern capital cities benefit.

2. Perth, WA

  • Perth saw a growth of 8% in 2023. The market is expected to continue its upward trajectory with a forecasted additional growth of 8-10% in 2024, driven by strong population growth, high demand, and low supply​
  • The mining sector, population growth, and limited housing stock are key factors.
  • The median house price is predicted to reach $670,000 by 2025, making Perth a prime location for investment​.

3. Geelong, VIC

  • Geelong, a popular commuter town, continues to attract demand from Melbourne migrants, with property values increasing by around 23% in 2022.
  • Geelong experienced strong growth in 2023, largely due to its appeal as a commuter town for Melbourne. This trend is expected to continue into 2024, with new developments and sustained demand from Melbourne migrants supporting ongoing growth.
  • New developments like Armstrong Creek provide affordable investment options, with ongoing growth expected due to the area’s appeal and accessibility.

4. Wollongong, NSW

  • Wollongong maintained robust property value growth of around 20% in 2023, propelled by demand from remote workers seeking more affordable alternatives to Sydney. This trend is expected to persist in 2024.
  • Properties near the university and tourist spots offer excellent rental yields.
  • The coastal lifestyle and proximity to Sydney make it an attractive investment location​.
Adelaide beach, one of the best places to buy investment property in Australia from Singapore.

5. Adelaide, SA

  • Adelaide’s property market recorded a growth of 14% in 2023. This growth is expected to continue into 2024, supported by new jobs in technology and manufacturing sectors, along with relatively affordable property prices compared to other capital cities.
  • The city is benefiting from new jobs in technology and manufacturing sectors.
  • High-rental suburbs are particularly attractive for investors looking for strong return.

6. Gold Coast, QLD

  • The Gold Coast remains a prime investment location due to strong demand from tourists and residents drawn to its beaches, parks, and nightlife. New infrastructure projects, such as the $2 billion Pacific Fair expansion, are contributing to growth.
  • Property values increased by 8.1% in 2023 and are expected to continue rising by 2-4% in 2024.
  • The median house price has reached $1 million, with units also experiencing significant growth. Suburbs like Southport, Broadbeach, and Coomera are highlighted for their high rental yields and investment potential​.

7. Canberra, ACT

  • Canberra continues to benefit from strong population and job growth, though short-term price fluctuations are expected.
  • As of early 2024, median house prices have stabilised around $950,000. Despite its high property prices, Canberra remains more affordable compared to Sydney and offers a solid investment opportunity due to its stable economy and growing rental market.
  • The market remains attractive due to strong population and job growth, despite short-term price fluctuations.

8. Hobart, TAS

  • Hobart’s property market saw values rise by over 25% in 2023. Although a short-term price correction is expected, the long-term growth prospects remain positive, particularly in inner suburbs offering high rental yields.
  • Inner suburbs offer robust rental yields, making Hobart a compelling option for property investors.

9. Regional NSW

  • Satellite cities like Newcastle are experiencing significant population growth due to intrastate migration from Sydney.
  • The hybrid remote work trend supports this decentralisation, sustaining demand in these regions. Both cities offer attractive investment opportunities with growing infrastructure and amenities.

10. Regional VIC

  • Geelong, Ballarat, and Bendigo continue to see population growth rivaling that of capital cities. Geelong, in particular, offers new development opportunities, making it an appealing choice for investors.
  • These regional markets provide a balance of affordability and growth potential.

Expert Tips for Purchasing Your Investment Property

Buying an investment property can be a great way to build wealth and generate passive income. But before you make a purchase, it’s important to get expert advice. Follow these professional tips when buying real estate in Australia to maximise success:

  • Use a buyer’s agent to avoid overpaying and access off-market deals. 
  • Target established properties with potential to add value through renovation . 
  • Research markets thoroughly using historical data like past growth rates and rental yields.
  • Don’t underestimate costs like agent fees for sourcing tenants and maintenance.
  • Focus on suburbs with strong tenant demand from population and job growth.
  • Take a long-term view, as capital gains build over time beyond any short-term fluctuations.

With the right guidance, Australia’s strong property markets can build your wealth for decades to come.

Start Your Australian Property Journey Today

The data shows savvy Singaporean investors can achieve strong returns by buying into Australia’s property boom in the right locations. 

If you’re ready to secure your own lucrative Australian investment asset, the experts at Odin Mortgage can guide you through the entire process.

Get in touch today to learn more about how we assist overseas buyers with their property investment in Australia. Don’t leave your Australian real estate investment success to chance. 

Contact us today and let our expert mortgage brokers optimise your financial future.

Get a free Australian mortgage assessment today.

Apply online to get a free recommendation with real rates and repayments.

Frequently Asked Questions

Brisbane, Perth and Adelaide are predicted to deliver above average capital growth thanks to factors like affordability, infrastructure spending and economic diversity. 

Units are forecast to see smaller price declines over the next few years compared to detached houses. Apartments can maximise rental income potential.

Odin Mortgage can structure home loans for expats by sourcing overseas income documentation. Rates may be higher than local buyers.

Look for suburbs that can deliver 5%+ gross rental yields. Outer suburbs tend to offer higher yields while inner cities offer more capital growth over time.

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