In 2022, we highlighted three suburbs that we believed offered strong long-term growth potential based on several key fundamentals:
* Affordability
* Strength of the local economy
* Existing and planned infrastructure investment
Based on these factors, we identified East Tamworth (NSW), Ipswich (QLD), and Albion (VIC) as suburbs with solid growth prospects.
Four years later, let's review how they've performed. We believe in providing full transparency and accountability when sharing our market insights.
East Tamworth (NSW)
Median house price increased from $592,500 in 2022 to $735,000 in 2026.
Growth: $142,500
Compound annual growth rate (CAGR): 5.54% p.a.
Ipswich (QLD)
Median house price increased from $550,850 in 2022 to $1,000,000 in 2026.
Growth: $449,150
CAGR: 16.08% p.a.
An exceptional result, with values approaching a doubling over the four-year period.
Albion (VIC)
Median house price increased from $792,500 in 2022 to $910,000 in 2026.
Growth: $117,500
CAGR: 3.52% p.a.
The standout performer has clearly been Ipswich, while East Tamworth has delivered steady and respectable growth. Albion's performance has been more modest; however, Victoria is yet to experience the type of broad-based property boom seen in other states over recent years.
Many investors continue to see value opportunities emerging within the Victorian market, and we'll continue monitoring Albion - as well as East Tamworth and Ipswich - to see how these locations perform in the years ahead.
Property markets move in cycles, and long-term investing is often about identifying quality locations before broader market sentiment catches up.
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What are your thoughts on these results?
