Research from The Female Investor named five affordable areas offering growth potential for rentvestors, beginning with Cranbourne in Melbourne’s Casey council area, where the median was about $657,000 and the vacancy rate 1 per cent. Co-authors Kate Hill and Nicola McDougall said the strategy allowed buyers to own an asset while continuing to rent in expensive cities such as Sydney and Melbourne.
Reported by
Gerv Tacadena, Your Investment Property, 31 January 2022
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