Where to invest if holding until 2030, with a budget of under $500k?

15th July 2019

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%

 

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