We came across an interesting article where a property investor and buyers agent describes suburbs in Australia where you can invest in affordable real estate for great value - https://www.realestate.com.au/news/where-to-invest-in-australia-under-300k/.
We've done suburb analysis for 6 of these suburbs using PropertyDirector's tools and summarised them below by looking at apartments in these areas.
Morphett Vale, SA 5162
Median Price - $590,000
Rental Yield - 5.61%
Vacancy Rate - 0.26%
Days on Market - 66
Vendor Discount Rate - selling at premium of 10.66% above list prices
Glenorchy, TAS 7010
Median Price - $447,500
Rental Yield - 5.33%
Vacancy Rate - 0.16%
Days on Market - 154
Vendor Discount Rate - selling at premium of 5.51% above list prices
Gosnells, WA 6110
Median Price - $465,000
Rental Yield - 6.06%
Vacancy Rate - 0.53%
Days on Market - 56
Vendor Discount Rate - selling at premium of 2.07% above list prices
Kangaroo Flat, VIC 3555
Median Price - $465,000
Rental Yield - 6.69%
Vacancy Rate - 0.57%
Days on Market - 307
Vendor Discount Rate - selling at discount of 4.49% below list prices
Manunda, QLD 4870
Median Price - $302,500
Rental Yield - 6.59%
Vacancy Rate - 0.94%
Days on Market - 86
Vendor Discount Rate - selling at similar prices as list prices
Mayfield, NSW 2304
Median Price - $657,500
Rental Yield - 4.28%
Vacancy Rate - 0.66%
Days on Market - 85
Vendor Discount Rate - selling at premium of 1.13% above list prices
Would you invest in these areas?
