A new study was uncovered the best buy-to-let opportuntiies in the country, identifying suburbs and streets with maximum growth potential and rental yields.
Property data firm Residex showed outer city regions have the strongest prospects based on rental and capital returns.
The best suburb in the country is Queensland’s, with predicted five-year growth of 10 per cent and a median rental yield of 5.51 per cent.
Each of these suburbs recorded a total return of 15 per cent when combining rental yields and future growth.
Nugunnawal in ACT also made the list in seventh place, with median rental yield of 5.78 per cent and five-year growth of nine per cent.
Residex took into account industry surroundings, confidence ratings and employment opportunities when compiling the list.
The survey also identified the streets with the best opportunity to profit from home renovation.
“One of the oldest tricks of the trade that buyers shouldn’t forget about is looking for the worst house on the best street,” said Residex founder and Onthehouse consultant John Edwards.
“Renovating a property can add immediate value if it’s done right,” he said.
Blewers Road in Morayfield, Telopea Circuit in Mount Annan and Glasgow Way in Seville Grove were all top picks for renovators.
Mr Edwards said investors could still find opportunities despite an overheated market.
“With interest rates still low, investors who do their research will find some very attractive options,” he said.