Eventus Financial's '$100k Quarterly Investment Report' revealed a shortlist of locations across the country suitable for investors looking to buy a property valued up to $1 million.
The 20 locations are spread across New South Wales, Victoria, Queensland, South Australia, and Tasmania.
The report notes that only house markets were chosen as it states freestanding houses will likely give investors better long-term capital gains than units.
Topping the list of standouts is Safety Beach, New South Wales - located half an hour’s drive from Coffs Harbour.
New South Wales has seven further suburbs inside the top 20, including:
- Valley Heights (Blue Mountains region)
- Millthorpe (near Orange)
- Kariong (Central Coast)
- Wickham (Newcastle)
- Medowie (Hunter region)
- Ropes Crossing (Western Sydney)
- Tarago (Southern Tablelands)
Tree change on your mind? Check out our lists of suburbs to watch in 2022 across Brisbane, Sydney, Melbourne, Adelaide, Perth, Sunshine Coast, Gold Coast and Central Coast.
Eventus Financial CEO Alex Veljancevski said that despite all the talk of property prices going through the roof, investors can still buy a quality investment property in a quality location with a deposit of 'just' $100,000.
"If you’re willing to be open-minded about your loan-to-value ratio and location, you can definitely buy a good investment property with a $100,000 deposit," Mr Veljancevski said.
"If your deposit is less than 20%, you’ll probably have to pay lenders mortgage insurance (LMI).
"If paying LMI were to allow you to enter the market a couple of years ahead of schedule, it might seem like a bargain if property prices were to increase, say, $50,000 in that time."
The top 20 locations reported by Eventus Financial are:
Source: Eventus Financial $100K Investment Report
Image by Breno Assis via Unsplash
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