Prime Investment Suburbs

There are 140 prime suburbs that have been identified as ideal for investors with rents high enough to cover mortgage repayments.

Analysis by PropTrack says investors are re-entering the market to capitalise on rising weekly rents and yields. It says in New South Wales there are a range of major regional towns offering great investment opportunities for investors. The top location is South Lismore which has a median house price of just $280,000, monthly advertised rent of $2000 and monthly mortgage repayments of $1418.

In Victoria, a unit in Carlton has the biggest price differential between rents achieved and mortgage repayments. The monthly advertised rent is $2200 and mortgage repayments are $1976. In Queensland regional mining towns offer the biggest difference between rents and mortgage repayment, although areas focused on the resources industry can be volatile and a risky investment.

In Moranbah unit monthly rents are $2600 and mortgage repayments are $1444. In South Australia, regional Roxby Downs has the biggest difference between monthly rents, $1,560 and mortgage repayments which are $1,431. In Western Australia, it is Baynton where the monthly rent is $5600 and monthly mortgage repayment is $3458.