Experts name 10 ‘ugly duckling’ property locations tipped for major growth

Homehunters looking for an affordable foot on the property ladder have been given a new hit list, with 10 “ugly duckling” locations tipped to have the ingredients to become strong performers. New research from property analysis firm Hotspotting has identified five city and five regional markets where buyers can still get in at relatively affordable prices. The view from a home in Drummond St, Carlton, which has been identified as a ‘cheapie with prospects’ by Hotspotting. RELATED: What a gate post taught me about body corporate living B105 host Abby Coleman in tears after listing beloved family home But Hotspotting managing director Tim Graham warned buyers against assuming a low price tag automatically made a property a good investment. “Cheap doesn’t mean investable,” Mr Graham said. “A true cheapie with prospects is a market where accessible prices are supported by population growth, infrastructure, employment, rental demand, as well as rising sales activity.” The 10 locations span NSW, Victoria, South Australia, Tasmania, the Northern Territory and ACT, with some unit markets starting in the low-$300,000s. Hotspotting director Tim Graham. Picture: Supplied. The top five metropo...