Grant Foley Property director Grant Foley nominated Moreton Bay, Ballarat, Newcastle, Adelaide and Perth as suitable starting points for first time investors, each offering detached houses at or below about $650,000. He said buyers were shifting attention away from Sydney and Melbourne, where an entry level house already cost more than $1 million, and pointed to interstate migration and infrastructure spending supporting the Moreton Bay region.
Reported by
Gerv Tacadena, Your Investment Property, 24 September 2021
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