At first glance, you’d think a granny flat with its capacity to bring in more rent from one property would be the perfect way to ratchet up those retirement funds.
Markets like this have a tendency to produce steady growth year-on-year. While they don’t attract the fanfare of bigger profile cities they usually have less pronounced peaks and troughs and often perform better over time.
Most claims of hotspots end up being bland-spots. Genuine ‘booms’ only come around once in a while. But, that won’t stop people constantly spruiking about the next hotspot.
The truly astute property investors don’t have the blinkers on and they recognise that 8 million Australians elect to live and work in alternative locations to capital cities.
Propertyology conducted a study to compare the historical property market performance of each of Australia’s 550 local government authorities between 2000 and 2014.
For the price of a typical house in Greater-Sydney one could today buy three houses in Dubbo where the median house price grew from $115,000 to $312,130 over the last fifteen years and the average rental yield was 5.7%.
Propertyology conducted a study to compare the historical property market performance of each of Australia’s 550 local government authorities between 2000 and 2014.