A new report by Real Estate Investar on household income increases from 2006 to 2011 broken down by suburb shows some very interesting results
The number one suburb is Birtinya in Qld’s Sunshine Coast with 227% increase albeit from a low base of only $540 per week in 2006. Second place is North Coogee WA with 146% increase from $1113pw to $2738 in 2011. However 3rd place is a surprise with Noarlunga in SA.
As to be expected WA’s top 50 suburbs performed well ranging from 40% to 146% while NSW ranged from 39% to only 79% and Vic 32% to 82% but the stand out state is Qld with a range from 41% to as mention 227% increase at Birtinya. Another interesting fact from Qld results is that while rental yield is still very good ranging from 4.5% to a ridiculous 9% in Halifax – the rental yields fell by on average 20% probably impacted by the mining downturn.