Your Investment Property magazine, sister publication of Your Mortgage magazine has named the inner west of Sydney and north Adelaide's suburb of Ethelton as two prime positions for investors looking for high growth investments.

The '15 Hottest Suburbs to Invest In' report currently featured in the November issue of Your Investment Property looked at the suburbs that will bring the best rental return and highest capital growth for investors as assessed by property guru, Peter Koulizos of The Property School.

Koulizos based his picks on the suburb's proximity to CBDs, to the ocean, and to the next prime suburb. He also took into account new and future infrastructures as well as the size of land.

"All of the inner west suburbs [of Sydney] are growth spots because they're close to the city," he explained. "They're also character homes, and in a place like Sydney, that's a big feature."

He also named Victoria's coastal town of Frankston as another potential future investment hot spot, predicting 2030 to be its big boom period. "Work is being done with the EastLink Freeway that will bring Frankston closer to Melbourne, as it will cut down the commute from one hour to around 40 minutes," he said.

For the full report and article read the November issue of Your Investment Property magazine on sale now or view Australian's Hottest Suburb under $500,000