Investors who are expanding their portfolios this year and are planning to do so with lower budgets should consider one of the 20 suburbs identified by Eventus Financial.
The list includes suburbs where three-bedroom houses have a median of below $1m, making the 10% home loan deposit less than $100,000.
Only house markets are chosen, as freestanding houses are likely to give investors better long-term capital gains than units.
NSW dominated the list with eight suburbs, followed by Queensland with five and Victoria with four.
On top of the list is New South Wales’ Safety Beach, where a three-bedroom house would only require a $76,000 10% deposit. This suburb has a healthy yield at 4.1%.
Victoria’s Tyabb also made it to the list — houses in this suburb can be purchased with a minimum deposit of $71,500.
Eventus Financial CEO Alex Veljancevsk said these suburbs give investors a range of options that would not put pressure on their pockets.
For further reading, click the following link;
https://www.yourinvestmentpropertymag.com.au/news/revealed-top-suburbs-to-invest-in-with-a-100k-deposit-278927.aspx?mkt_tok=OTc5LUxZSi0zNTAAAAGCCeLb37Ab6o-d9Mj0AKU6UsDRZ6ZdY_T9NJTEFZewm4oGZMH9GArS4JYKWoGhuwevjoYvMKzBwkPjFMAmleh4aFrw5bOF_3uyegx3XCliCUE
Article Source; YourInvestorPropertyUpdateMag.com.au, Revealed: Top Suburbs To Invest In With A $100k Deposit, 2022.
Image source; Pat Whelen
