Cheapies with Prospects – City Edition

Not every investor is cashed up or chasing million dollar homes. Most are simply trying to buy a solid property, at a sensible price, that can hold its own on both rent and long term growth.

In the capital cities, that often means looking beyond prestige postcodes and detached houses, and focusing instead on well located units and townhouses, along with selected affordable house markets in smaller capitals. For many investors, especially those with household incomes under $100,000 or buying their first rental, the realistic buying range still sits around $400,000 to $600,000.

The good news is that there are still pockets within our major cities where you can buy in at these levels. In carefully chosen inner and middle ring areas, investors can secure established apartments and townhouses at affordable prices, tap into strong rental demand, and benefit from proximity to jobs, transport, education and lifestyle precincts. In some smaller capitals and outer urban corridors, basic but well located houses can still fit the Cheapies brief as well.

The idea that you must choose between strong capital growth or high rental yields simply does not hold up in these markets. With the right location and the right type of dwelling, it is still possible to achieve a healthy balance of both.

Our Cheapies with Prospects – City Edition highlights a selection of these capital city markets and, importantly, explains why they have been chosen, what kind of asset to target, and what to avoid. If you are looking for affordable, income friendly city markets with genuine upside, this report shows you where to focus.

About the report:

The Top 5 Cheapies with Prospects City Edition report reveals the “ugly ducklings” of the property market, those areas that may be considered unappealing but which, like the fairy tale, will evolve into something impressive.

The report highlights the top five local government areas in Australia’s capital cities which are poised for a transformation which will see demand lift and investments thrive.

It details the demographics of each LGA, including homeownership, population growth, employment by industry and household composition and provides analysis of the economy and amenity in each location.

It profiles the property market with detailed tables on median house and unit prices, short-term and long-term growth performance, vacancy rates, rents and yields.

The report outlines the future prospects of each location, where the infrastructure spending is and future job nodes.

Grab Your Copy Today – or save and get the Cheapies Bundle – City & Regional editions together.

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