Where to buy to supercharge your portfolioConventional investment wisdom has taught property investors to stick to the capital cities of Australia. After all, 70% of the country’s population lives in these urban centres, and they’ve historically provided solid, long-term growth (and there’s no reason why they shouldn’t in the future).
However, many investors’ horizons have widened over the last few years – lured by the resources boom and associated infrastructure spending supercharging commodity-rich local economies.
Indeed, the amount of money pouring into several regional locations is staggering in scale, and can only bode well for the future. Other locations have also seen boosts as buyers priced out of city locations seek affordable alternatives within commuting distance – or abandon the cities altogether.
In fact, it seems that you can’t go a week without being told about Australia’s next boom town – but which of Australia’s regional hot spots are the best for a high-yielding investment that will see high and sustainable capital growth?
Well, no matter where you are in Australia and whatever your budget, here are the top selections for the regional powerhouses that should supercharge your investment property portfolio.