Help! Recommended Investment Suburbs for low prices

Cessnock, Maitland or you can manufacture dual income in several areas around Newcastle.

Regards

Shahin

Hi noincome

Welcome aboard.

You need at least a 5% deposit and funds to cover costs – which as an estimate will be around 5% of the purchase price. So as a bare minimum – aim to come up with 10% of the purchase price.

Queanbeyan, NSW can be good – if you can pick up a cheap 2 bedroom unit in need of cosmetic renos you can add some equity quite quickly.

Logan in QLD has cheapies with decent yields.

North Adelaide is similar.

West Sydney is the same – but probably a bit more expensive these days compared to a few years ago.

Having said that, there's hundreds of areas that fit your description – so you'll need to narrow down your search.

Cheers

Jamie

Hi there,

I’d say that The Northern Territory is the perfect area for you to find a property under $250k with promising high returns. Darwin has been Australia’s market leader since 2004, offering gross rental yields of 6%. According to realestate(dot)com(dot)au, at this point there are 67 properties for sale in NT with prices below $250k and 18 of them are from Darwin and its surrounding suburbs. RP Data, SQM Research, Property Observer, and Australian Property Monitors offer lots of information and can really help you identify the suburb that best fits you.

Cheers,

Emil