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Outer city regions provide the best investment opportunities, according to new research by an online property portal.
Onthehouse.com.au yesterday released a list of the nation’s top suburbs for residential investors based on rental yield and predicted capital growth.
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NSW dominated the list, with four suburbs making the top 10, including first-ranked Jerrabomberra, a suburb of Queanbeyan in the state’s south east.
Queensland’s Morayfield and Perth’s Seville Grove rounded out the top three spots, with all three suburbs recording an average rental yield of over five per cent, as well as predicted capital growth of more than 10 per cent per annum for the next five years.
Places four and five were filled by Karabar in Queanbeyan and Dalyellup in Bunbury, Western Australia.
Ngunnawal in Canberra placed sixth, while seventh was filled by Secret Harbour, south of Rockingham in Western Australia.
The final spots in the top 10 were filled by Brisbane suburb Murrumba Downs, Tweed Heads suburb Banora Point and Newcastle suburb Medowie.
Victoria, South Australia, the Northern Territory and Tasmania all missed out.
John Edwards, Onthehouse’s consulting analyst, said that although buying in a regional area may not be for everyone, it is certainly an option to consider given the overall strong predicted growth and high rental yields.
“With more expensive areas, such as Sydney, outer city regions can be much more affordable,” he said.
“Pair that with strong growth and it could be a good fit for investors wanting to get good rental returns and capital growth over time.”
[Related: Top 20 building hotspots revealed]
