Regional centres and areas along the eastern seaboard are still offering positive returns for investors on a budget, despite recent reports suggesting that Australian property is unaffordable, according to a leading property expert.
Speaking to Smart Property Investment, author and property adviser Margaret Lomas challenged the view that the Australian property market was unaffordable, citing regional areas in NSW, Victoria and Queensland as ideal investments for buyers with smaller budgets.
“At the moment, there are plenty of places that you can invest in that are not only affordable but that also show all the intrinsic growth drives,” Ms Lomas said.
“The kinds of areas where you can be confident that if you buy there, they’ll grow well in the next couple of years and they’ll also have a pretty good rental yield.
“You need to be considering markets like the outer suburbs of Adelaide and some of our regional markets in both NSW and Victoria,” she said, “and some of the large regional centres in Queensland are going to show some significant growth in rental yields and values.”