Warrnambool named a property hotspot

Warrnambool named a property hotspot

A NATIONAL magazine has given Warrnambool's property investment market a bluechip rating as one of Australia's top 50 growth spots.

It was one of only three locations to score multiple votes from a team of seven experts used by Smart Property Investment and the only buoyant centre not reliant on the resources boom.

The magazine's inaugural Fast 50 annual report published in its latest edition highlights centres with the most capital growth potential.

"A new wave of investors is starting to look and buy," the magazine says of Warrnambool.

The hotspots were selected on key indicators including population growth, housing demand, income levels, employment, vacancy rates, previous capital growth and gross rental returns.