But not everyone is a cashed up Sydney-sider with millions to burn.
So if you’re looking to invest with a more moderate budget, what are your options?
The clever valuers at Herron Todd White have provided their tips for where to invest $750,000 and what you can expect for your dollars.
In the middle ring burbs, you’re probably ruling out a house, they write in their June Month in Review. But that’s no bad thing as Brissie units are continuing to see strong price growth.
Chermside is a particularly appealing suburb where you can nab a unit or townhouse around that price and be well positioned to public transport the Prince Charles Hospital and Westfield.
A little further out Bridgeman Downs, Aspley, Zillmere and Boondall are all worth a look but you will likely find different property types in the $750,000 price range across these suburbs.
You could also find the odd block of land, which is likely to be an in-fill site amongst older homes.
But townhouses are the go-to for value investors in these areas.
And don’t forget Albany Creek: “A bit of a tip here from our specialist valuer in Albany Creek,” the Herron Todd White report says. “Our specialist suggests one of the cheaper townhouses or single level villas. Rents have risen significantly in this area as a large proportion of this style of product is being purchased by owner-occupiers (mostly downsizers and separated families, but a few first homebuyers too). There are certain new complexes in Albany Creek where townhouses are nearing the $1 million mark or exceeding it, so it’s reasonable to expect property priced at the lower end will be dragged up in value over time.”
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