2030 seems so far away. 10 and a half years – that’s enough time to find a partner, get married, and have children. In property terms 10 years typically represents a full cycle, during which time significant gains or losses can be made.
We have put together our list of suburbs to look out for (in no particular order), with budget of under $500k, and with a view of holding until 2030.
1. Redcliffe, QLD
Medium price: $439,750
Rental yield: 4.49%
Vacancy Rate: 3%
Last 12 month capital growth: -0.85%
2. Prospect, TAS
Medium price: $345,000
Rental yield: 4.82%
Vacancy Rate: 1.9%
Last 12 month capital growth: 6.15%
3. Narrabri, NSW
Medium price: $325,000
Rental yield: 6.08%
Vacancy Rate: 2.7%
Last 12 month capital growth: 2.52%
4. Bedford, WA
Medium price: $620,000
Rental yield: 3.31%
Vacancy Rate: 3%
Last 12 month capital growth: 3.33%
5. Townsville, QLD
Medium price: $310,000
Rental yield: 6.29%
Vacancy Rate: 1.3%
Last 12 month capital growth: -20.51%