A selection of regions – Moreton Bay, Ipswich, and the Gold Coast in Southeast Queensland, Northern New South Wales, and Geelong in regional Victoria – have been identified as promising locations for small-scale property development, with expectations of capital growth and increased rental yields, according to a recent analysis.

Michael Pell, managing director at Propell Property, noted that these regions are experiencing a shortage of housing supply, creating opportunities for investors to construct duplexes and benefit from potential capital gains.

“We are currently helping clients purchase land in every one of these locations, with many opting to construct two attached dwellings on two titles fairly quickly, which not only adds to rental stock but also increases the overall supply of housing in the area, too,” Pell said.