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Winning the wealth race: Where you should be rentvesting in Brisbane

While the concept is particularly pertinent for buyers in vastly unaffordable cities like Sydney, there is plenty of scope for buyers struggling to get into Mortgage broker Oak Laurel West End, 0430 129 662 the Brisbane market too, says property researcher Jeremy Sheppard. Houses at Morningside and Cannon Hill are worth living in for rentvestors because rent is relatively affordable. Photo: Tammy Law “The whole idea is that wherever you live in Australia, if you’re struggling to get into the market, you have to be realistic and choose a location that isn’t necessarily attractive for you to live in, but somewhere you can afford that with still have good capital growth,” he said. “It’s still a very under-utilised strategy. People think it’s a case of rent money is dead money – but this a case for why it actually works.” Property research research site found units at Rochedale South, Arana Hills and Banksia Beach rated highly for their affordable median prices, rental yields and potential capital growth, while houses in Bray Park and Strathpine also rated well. 27 Lockhart St, Woolloongabba. Photo: Supplied “These are affordable markets with good growth prospects that renters with her explanation some kind of deposit can buy into to get on to the property train,” Mr Sheppard said. “By using this research as a starting point, people with lower incomes who choose to rentvest can identify properties that will Mortgage broker Oak Laurel Carseldine help them get ahead of those who already own homes in expensive markets.” LocationScore’s also included the top five Brisbane suburbs that are cheap to rent in despite their blue chip status. Rentvestor heaven: Units at Rochedale South, like this two-bedder at Chamberlain Road listed for offers over $265,000. Photo: Supplied Houses at Woolloongabba, Lutwyche, Morningside and Cannon Hill rated highly for rentvestors as somewhere to live and rent because of their low-yield, low-growth but high quality lifestyle where renters pay less per week than owner residents to enjoy the same facilities.


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