The latest Real Estate Institute of Australia and RP data figures are out and they’ve put regional areas in the spotlight.
With higher capital gains and bigger rental incomes, investing outside of capital cities can pay dividends for investors.
Newcastle is outperforming Sydney, Port Lincoln is trumping Adelaide and Bendigo and Ballarat are ousting Melbourne as property best-bets – it’s time for investors to look further afield when it comes to investing.
However, it pays to do your research first. High property demand requires strong employment opportunity in an area, along with infrastructure such as hospitals, supermarkets and good transport options.
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What do you think? Have you had success investing in rural areas?