New guide shows inner-city property investment opportunities
Individuals who are considering making an inner-city property investment could find a new guide especially helpful.
Developed by Smart Property Investment, the Inner City Steals ranking showcases areas within five kilometres from the CBD of capital cities where homes can be purchased for under $300,000.
Australian Property Monitors, SQM Research and RP Data have also lent their support to the project, which has identified 20 suburbs whose 25th percentile price fell below this level.
Each region is then ranked based on its potential for capital growth within the next five years, as well as the macro environment of the capital and any other current indicators.
It is thought that the guide will be especially useful for those interested in property investment, mainly because finding affordable homes has become so difficult over recent years.
Recent findings from Smart Property Investment show that there are a number of affordable homes emerging in the western suburbs of Sydney, which could entice first time buyers.
Strong transport links and opportunities for renovation are among the reasons people may want to think about moving to this particular part of the city.