Priced out of their own markets, particularly in Sydney, Gen Y and Gen Xers are being encouraged to spread their dollars further afield before it’s too late.
Toowoomba, Ipswich, northern New South Wales, the Gold Coast and Brisbane are amongst the list of affordable hot spots suggested in a recent news.com.au article.
If you do choose the south east, get in quick says property prodigy Nathan Birch (a self-described “young, bold and brash” investor with 200+ properties).
“Brisbane and the Gold Coast are what I consider to be undervalued. The rate of growth in those areas is faster than Sydney and Melbourne and I think people will look back in 10 years and regret not buying in those areas,” he said.
If you are looking outside a capital city area, then heed the wisdom of renowned regional investor Margaret Lomas who told news.com.au she hunts for specific economic and population indictors in larger regional areas. These include a population growing above national average, a diverse economy and employment opportunities.
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