When buying investment properties, you are looking for the best deal, which usually means properties under $400, 000, but where are they?
RP Data published information about a month ago on where those properties are in the capital cities. Using data from 2012, they found that 31% of house sales and 46% of unit sales were under this threshold.
When focusing on capital cities, the majority of these sales come from Hobart, Adelaide. Of course outside of the capital cities, it’s typical to see housing prices that are lower. For example compare Newcastle median house prices at $395,000 and Sydney’s at $660,000.
For more information and detailed graphs, check out the full article here.