The following article by Elizabeth Tilley from RealEstate identifies 40+ suburbs in Australia where investors on an average wage can invest in real estate and make money - https://www.realestate.com.au/news/invest-here-44-suburbs-you-can-afford-on-the-average-wage/.
We have picked 6 suburbs out of this list we felt were affordable and delivered solid rental yields.
Tarneit, VIC 3032 - $650,000, 4.3% rental yield
Clyde North, VIC 3978 - $730,000, 4.4% rental yield
Murray Bridge, SA 5253 - $455,000, 5.2% rental yield
Evanston, SA 5116 - $508,500, 5.2% rental yield
Ripley, QLD 4306 - $705,400, 4.4% rental yield
Ellenbrook, WA 6069 - $630,000, 5.6% rental yield
Use PropertyDirector to visualise suburb median prices, rental yields, and other important investment-critical data by running the Australian Suburb Map, which is shown below. The suburb map has recently been optimised present results rapidly within the map - be sure to check it out.
You can access to the Australian Suburb Map and a range of additional research reports and insights to locate excellent suburbs to invest by subscribing to our Professional plan for $49 per month here - https://www.propertydirector.com.au/choose-plan.
