Nearly two years of rolling lockdowns have taught people they can move away from the city for a better lifestyle, while continuing to work their jobs remotely.
This trend has seen property value growth in some regional centres and savvy investors can get a piece of that by purchasing now.
Towns may have good properties for a few hundred thousand dollars. A decent market will mean rental income covers your mortgage repayments.
Cheaper property has growth potential and less capital at risk if the investment underperforms.
However, weaker regional economies can go years without capital growth. So only consider a town with a diverse economy, multiple industries and 10,000 or more residents. Don’t depend on a single mine or one large employer.
Major supermarket and fast food chains only open in towns that can support them, so if the big companies are there, you’re on the right track.