Australia’s 10 best property regions revealed as working class hubs

Australia’s best buy locations are looking less blue chip and more blue collar, according to a new report. Australia’s housing market collapse is leaving blue-collar areas once looked down on by “real estate snobs” set to outperform the blue-ribbon addresses. As soaring interest rates make affordability king, Tasmania’s Glenorchy region as well as pockets in the southern parts of Queensland’s Logan municipality have been named as among the best buying opportunities in the country by influential property pundits Hotspotting. They’re also doubling down on earlier predictions that units could be in for their best run since the 1970s, partly as homebuyers respond to a greater focus on safety. RELATED: Australian house values fall in 82 per cent of suburbs as downturn spreads Where government is looking to reopen door to foreign investors Australia mortgage stress surges to 450,000 households as default risks hit tipping point The firm also name the once-working class Canterbury-Bankstown segment of NSW, and the Darebin area of Victoria, in their top five areas offering the best value for money and the best prospect for the best growth in the next seven to 15 years. While the group saw ...