Research reveals top affordable investment locations under $500k

New research has identified high-performing investment properties under $500,000 across Queensland, Western Australia and New South Wales.

The Washington Brown and Hotspotting Pulse report found properties offering both strong rental yields above 6 per cent and significant capital growth potential.

“Research like this shows current and prospective investors that there are a variety of affordable investment locations with excellent cash flow and capital growth still available to purchase,” Washington Brown Director Tyron Hyde said.

Queensland’s Blacks Beach emerged as a standout location, with units priced in the $300,000s and houses in the $400,000s.

“Over 200 houses have sold in Blacks Beach in the past 12 months, with properties typically selling within two weeks,” Hotspotting Director Terry Ryder said.

The suburb recorded 14% house price growth and 12% rental growth over the past year, with vacancy rates at just 0.3%.

In Western Australia, Carey Park saw 29% house price growth while maintaining median prices in the low $400,000s, alongside 23% rental growth.

For units, Perth’s Glendalough recorded 24% price growth to $355,000, with rents up 21% and yields near 7%.

Other top locations included Queensland’s Calliope and Koongal for houses, and Brisbane’s Bowen Hills and Sydney’s Harris Park for units.

Annual depreciation benefits across the top 10 locations range from $3,500 to $7,000 depending on property type and location.

The research selected locations based on economic diversity, market size, infrastructure, rental demand and affordability under $600,000.