{"id":22569,"date":"2018-09-16T01:00:08","date_gmt":"2018-09-15T15:00:08","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=22569"},"modified":"2018-09-16T01:00:08","modified_gmt":"2018-09-15T15:00:08","slug":"capital-city-cash-cows","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/capital-city-cash-cows\/","title":{"rendered":"Capital city cash cows"},"content":{"rendered":"

By Simon Pressley, Propertyology Head of Research<\/em><\/p>\n

When asked why they haven\u2019t bought an investment property, many Australians say, \u201cI can\u2019t afford it. How am I supposed to pay for it?\u201d<\/p>\n

I\u2019ve heard it time and again from those who haven\u2019t seen a proper analysis of the figures. Fortunately, I\u2019m a numbers guy.<\/p>\n

While Propertyology has already well documented the plethora of affordable investment opportunities across parts of regional Australia<\/a>, there are also plenty of suburbs within Australia\u2019s capital cities with high rental returns that make it easier on landlords to patiently wait for capital gains.<\/p>\n

The primary objective of most investors is long-term capital growth, but this strategy requires financial resilience. You need to cover all outgoings over an extended period to benefit from price rises. As such, finding investments where the tenant pays the vast majority of the holding costs means you are not placed under fiscal stress while waiting for a market to heat up.<\/p>\n

We know every market, both capital cities and regionals, perform differently at different times. After all, Australia isn\u2019t one big, linear property market. Just look at today\u2019s real estate environment<\/a>. Sydney and Melbourne are in a downturn while Brisbane remains flat and Hobart continues to fire.<\/p>\n

But whether a market is moving up, down or sideward, it\u2019s cash flow that gives investors the option on whether to hold or sell.<\/p>\n

And, for anyone who thinks capital city investing is expensive, Propertyology\u2019s analysis disproves that.<\/p>\n

Price accessible properties appeal to a wide segment of buyers and generally produce above-average capital growth over the course of time. Importantly, they are kinder on the household budget, too.<\/p>\n

 <\/p>\n

The analysis<\/strong><\/p>\n

Propertyology analysed data across every suburb in all eight capitals and unearthed the Top 5 in each city based on the annual cash flow position for a typical property.<\/p>\n

The table below lists all 40 suburbs in order of best cash flow.<\/p>\n

The analysis focussed on detached housing, so units and apartments have been excluded from the figures.<\/p>\n

Calculations are based on median rents, interest expenses depending on whether an investor purchased with a 10 per cent or 20 per cent deposit, and a provision for other standard holding costs such as repairs, maintenance, council rates and charges.<\/p>\n

Many of the locations are actually cash-flow positive, which means just by buying the property, some investors are enjoying a boost to their annual income of over $3000 per year.<\/p>\n

Even in suburbs where you do need to contribute, the maximum an investor will be out-of-pocket each month is $500. That\u2019s just over $100 per week, or the cost of a decent date night.<\/p>\n

This proves there\u2019s no need to be financially stressed when building a solid portfolio to secure your financial future.<\/p>\n

And there\u2019s a bonus. Our analysis hasn\u2019t allowed for any depreciation or negative gearing benefits, so once those are factored in, your cash flow position will look even more impressive.<\/p>\n

 <\/p>\n

And the winner is\u2026<\/strong><\/p>\n

Looking nationwide, Darwin and Hobart have far more opportunities for investors to purchase properties where cash flow is king.<\/p>\n

Australia\u2019s best capital city cash flow suburb is in Karama in Darwin, located 10 kilometres from the GPO and has a median house price of only $392,000. This investment will generate a positive cash flow of $3600 per year if purchased with a 20 per cent deposit. It\u2019s still cash flow positive with only a 10 per cent deposit.<\/p>\n

While Darwin\u2019s market has been an underperformer over the past three years<\/a>, investors won\u2019t be as concerned if they own a property that\u2019s actually supplementing their income. It\u2019s an excellent example of how cash flow buys an investor time.<\/p>\n

Hobart\u2019s property market continues to produce the strongest capital growth in the nation and there\u2019s plenty of cash flow positive options for under $250,000 in suburbs like Risdon Vale and Chigwell.<\/p>\n

Price growth cycles are still ahead for Brisbane, Adelaide and Perth, so high cash flow options are likely to pay off sooner in terms of value gains.<\/p>\n

Fifteen kilometres south of Brisbane\u2019s CBD, a typical house in the suburb of Coopers Plains can be purchased for just $400,000 and will be cash flow positive by $3600 per year. Cedar Vale, Russel Island, Blackstone and Gailes round out Brisbane\u2019s Top 5<\/a> and are cash flow positive opportunities, too.<\/p>\n

For comparative purposes, the annual cash flow shortfall on a $977,500 median house price in Ashgrove (5 kilometres west from GPO) purchased with an 80 per cent loan is $16,005. 8 kilometres north of the GPO, it will cost an estimated $10,955 per year to hold a typical property in Nundah (median house price $719,500).<\/p>\n

The best cash flow properties in Perth are located between 25 and 35 kilometres out of town. Typical housing in suburbs like Brookdale, Hillman, Dayton, Armadale and Medina are all under $300,000, making them very price accessible and ready to enjoy a market upswing.<\/p>\n

Adelaide\u2019s cash flow positive suburbs are located in the northern suburbs, between 22 and 27 kilometres from Adelaide\u2019s GPO, or a similar distance south along the coast.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

And the rest<\/strong><\/p>\n

Our analysis of the data shows that in Sydney, Melbourne, and Canberra, there are no suburbs where an investor can buy a detached house and expect it to be cash flow positive with a deposit of 20 per cent or less.<\/p>\n

Even though it\u2019s 80 kilometres from Sydney\u2019s GPO, the Central Coast (Wyong and Gosford) are technically part of Greater-Sydney, while Medlow Bath in the Blue Mountains has a median house price of $500,000.<\/p>\n

A house in Lake Munmorah on the Central Coast will cost $3093 per year to hold. Compare that to somewhere like Blacktown, 38 kilometres west of Sydney – that suburb has a median house price of $740,000 and an investment there will cost you $11,775 per year to maintain, even if you have a 20 per cent deposit. The figures are even worse for Hornsby, where a median house price of $1.33 million will leave you $26,152 a year worse off.<\/p>\n

These investments look particularly tough when you factor in that Sydney\u2019s growth phase has just officially ended<\/a>.<\/p>\n

Greater-Melbourne\u2019s best locations for cash flow investors sit within the municipality of Melton \u2013 40 kilometres north-west of the CBD. Here, the median house price is around $400,000 and will cost those with a 20 per cent deposit just $4000 per year to hold. In the Yarra Ranges, the entry price for a typical property is slightly more affordable and the annual impact on the household budget could be less than $2000.<\/p>\n

Compare those figures to somewhere like Doncaster, 17 kilometres from the CBD, where a typical house will cost $34,702 a year to hold under the same parameters. Similarly, Brunswick housing sees its investors contributing $23,805 per year to maintaining the holding \u2013 a tough ask when you\u2019re trying to be patient.<\/p>\n

Of course, cash flow is just one of the elements in choosing an investment option. Fundamentals such as proximity to employment nodes, local demographics, and the various factors which affect housing supply are important considerations as well.<\/p>\n

Suburbs offering both high cash flow and capital growth potential are uncommon, but they can be found in every state. Propertyology\u2019s buyers\u2019 agents are currently investing in five such locations across three different states<\/a> helping investors take advantage of growth while keeping financial stress to a minimum.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Suburb<\/strong><\/td>\nDistance from GPO<\/strong><\/td>\nMedian house price<\/strong><\/td>\nAnnual holding costs<\/strong><\/td>\n<\/tr>\n
\u00a0<\/strong><\/td>\n\u00a0<\/strong><\/td>\n\u00a0<\/strong><\/td>\n@ 80% LVR<\/strong><\/td>\n@ 90% LVR<\/strong><\/td>\n<\/tr>\n
Karama, NT<\/td>\n10.5<\/td>\n$392,000<\/td>\n$ 3,682<\/td>\n$ 1,722<\/td>\n<\/tr>\n
Coopers Plains, QLD<\/td>\n15.0<\/td>\n$398,750<\/td>\n$ 3,632<\/td>\n$ 1,638<\/td>\n<\/tr>\n
Risdon Vale, TAS<\/td>\n8.1<\/td>\n$222,500<\/td>\n$ 3,435<\/td>\n$ 2,322<\/td>\n<\/tr>\n
Gagebrook, TAS<\/td>\n16.1<\/td>\n$170,000<\/td>\n$ 3,339<\/td>\n$ 2,489<\/td>\n<\/tr>\n
Chigwell, TAS<\/td>\n10.7<\/td>\n$260,000<\/td>\n$ 3,033<\/td>\n$ 1,733<\/td>\n<\/tr>\n
Muirhead, NT<\/td>\n12.0<\/td>\n$650,000<\/td>\n$ 2,915<\/td>\n($ 335)<\/td>\n<\/tr>\n
Cedar Vale, QLD<\/td>\n45.7<\/td>\n$480,000<\/td>\n$ 2,797<\/td>\n$ 397<\/td>\n<\/tr>\n
New Norfolk, TAS<\/td>\n24.8<\/td>\n$212,500<\/td>\n$ 2,737<\/td>\n$ 1,674<\/td>\n<\/tr>\n
Bridgewater, TAS<\/td>\n17.2<\/td>\n$210,000<\/td>\n$ 2,617<\/td>\n$ 1,567<\/td>\n<\/tr>\n
Malak, NT<\/td>\n10.1<\/td>\n$450,000<\/td>\n$ 2,460<\/td>\n$ 210<\/td>\n<\/tr>\n
Davoren Park, SA<\/td>\n27.0<\/td>\n$188,750<\/td>\n$ 2,369<\/td>\n$ 1,425<\/td>\n<\/tr>\n
Smithfield Plains, SA<\/td>\n28.2<\/td>\n$199,500<\/td>\n$ 2,219<\/td>\n$ 1,257<\/td>\n<\/tr>\n
Elizabeth North, SA<\/td>\n26.1<\/td>\n$197,750<\/td>\n$ 2,089<\/td>\n$ 1,110<\/td>\n<\/tr>\n
Elizabeth East, SA<\/td>\n22.7<\/td>\n$210,000<\/td>\n$ 1,958<\/td>\n$ 908<\/td>\n<\/tr>\n
Russell Island, QLD<\/td>\n41.2<\/td>\n$190,000<\/td>\n$ 1,880<\/td>\n$ 930<\/td>\n<\/tr>\n
Wagaman, NT<\/td>\n10.2<\/td>\n$490,000<\/td>\n$ 1,738<\/td>\n$ 712<\/td>\n<\/tr>\n
Blackstone, QLD<\/td>\n28.0<\/td>\n$301,000<\/td>\n$ 1,612<\/td>\n$ 107<\/td>\n<\/tr>\n
Gailes, QLD<\/td>\n19.4<\/td>\n$250,000<\/td>\n$ 1,456<\/td>\n$206<\/td>\n<\/tr>\n
Virginia, NT<\/td>\n22.7<\/td>\n$630,000<\/td>\n$ 1,409<\/td>\n$ 1,741<\/td>\n<\/tr>\n
Hackham West, SA<\/td>\n23.7<\/td>\n$261,500<\/td>\n$ 1,216<\/td>\n($ 92)<\/td>\n<\/tr>\n
Brookdale, WA<\/td>\n27.5<\/td>\n$258,000<\/td>\n$ 917<\/td>\n($ 373)<\/td>\n<\/tr>\n
Hillman, WA<\/td>\n37.7<\/td>\n$278,000<\/td>\n$ 117<\/td>\n($ 1,273)<\/td>\n<\/tr>\n
Dayton, WA<\/td>\n15.1<\/td>\n$432,500<\/td>\n$ 86<\/td>\n($ 2,077)<\/td>\n<\/tr>\n
Gilmore, ACT<\/td>\n15.5<\/td>\n$545,000<\/td>\n($ 22)<\/td>\n($ 2,747)<\/td>\n<\/tr>\n
Medina, WA<\/td>\n31.5<\/td>\n$238,000<\/td>\n($ 40)<\/td>\n($ 1,230)<\/td>\n<\/tr>\n
Gowrie, ACT<\/td>\n14.9<\/td>\n$576,500<\/td>\n($ 404)<\/td>\n($ 3,287)<\/td>\n<\/tr>\n
Richardson, ACT<\/td>\n16.6<\/td>\n$495,000<\/td>\n($ 438)<\/td>\n($ 2,913)<\/td>\n<\/tr>\n
Armadale, WA<\/td>\n25.7<\/td>\n$250,000<\/td>\n($ 520)<\/td>\n($ 1,770)<\/td>\n<\/tr>\n
Charnwood, ACT<\/td>\n12.2<\/td>\n$460,000<\/td>\n($ 575)<\/td>\n($ 2,875)<\/td>\n<\/tr>\n
Calwell, ACT<\/td>\n18.0<\/td>\n$550,000<\/td>\n($ 881)<\/td>\n($ 3,631)<\/td>\n<\/tr>\n
Millgrove, VIC<\/td>\n61.7<\/td>\n$365,000<\/td>\n($ 1,826)<\/td>\n($ 3,651)<\/td>\n<\/tr>\n
Rockbank, VIC<\/td>\n27.9<\/td>\n$505,000<\/td>\n($ 2,375)<\/td>\n($ 4,900)<\/td>\n<\/tr>\n
Kurunjang, VIC<\/td>\n36.9<\/td>\n$388,750<\/td>\n($ 2,996)<\/td>\n($ 4,939)<\/td>\n<\/tr>\n
Lake Munmorah, NSW<\/td>\n82.1<\/td>\n$490,000<\/td>\n($ 3,093)<\/td>\n($ 5,543)<\/td>\n<\/tr>\n
Watanobbi, NSW<\/td>\n68.8<\/td>\n$495,000<\/td>\n($ 3,293)<\/td>\n($ 5,768)<\/td>\n<\/tr>\n
Mannering Park, NSW<\/td>\n85.2<\/td>\n$480,000<\/td>\n($ 3,681)<\/td>\n($ 6,081)<\/td>\n<\/tr>\n
Kanwal, NSW<\/td>\n69.4<\/td>\n$495,000<\/td>\n($ 3,732)<\/td>\n($ 6,207)<\/td>\n<\/tr>\n
San Remo, NSW<\/td>\n77.4<\/td>\n$465,000<\/td>\n($ 3,740)<\/td>\n($ 6,065)<\/td>\n<\/tr>\n
Melton South, VIC<\/td>\n36.4<\/td>\n$398,000<\/td>\n($ 3,915)<\/td>\n($ 5,905)<\/td>\n<\/tr>\n
Warburton, VIC<\/td>\n64.7<\/td>\n$423,500<\/td>\n($ 3,946)<\/td>\n($ 6,064)<\/td>\n<\/tr>\n
Calculations are based on median house values and median rents as at May 2018 [source: CoreLogic]. Annual holding costs assume 4 weeks vacancy per year, 4.5% loan interest, and general provisions for property management fees, council rates, insurance, and maintenance.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Propertyology is a Brisbane-based buyers agency and (national) property market research firm. We help everyday people to invest in strategically-chosen locations all over Australia. Testament to our multi-award-winning success is Propertyology\u2019s expertise in being the only company in Australia to forecast Hobart<\/a>\u2019s remarkable resurgence and begin investing there in mid-2014, before the boom. Now, while others fight like seagulls over a chip to get in to that market, our buyer\u2019s agents are actively investing in a few other locations that resemble what Hobart looked like in 2014. Like to know more? Contact us here<\/a>.<\/strong><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Simon Pressley, Propertyology Head of Research When asked why they haven\u2019t bought an investment property, many Australians say, \u201cI can\u2019t afford it. How am I supposed to pay for it?\u201d I\u2019ve heard it time and again from those who haven\u2019t seen a proper analysis…<\/p>\n","protected":false},"author":176692473,"featured_media":22574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,20,25],"tags":[48,49,70],"class_list":["post-22569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story","category-propertyology","category-sponsored-channels","tag-blog","tag-blogs","tag-featured"],"yoast_head":"\nCapital city cash cows - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/capital-city-cash-cows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital city cash cows - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"By Simon Pressley, Propertyology Head of Research When asked why they haven\u2019t bought an investment property, many Australians say, \u201cI can\u2019t afford it. How am I supposed to pay for it?\u201d I\u2019ve heard it time and again from those who haven\u2019t seen a proper analysis...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/capital-city-cash-cows\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-15T15:00:08+00:00\" \/>\n<meta name=\"author\" content=\"Kevin Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/\"},\"author\":{\"name\":\"Kevin Turner\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"headline\":\"Capital city cash cows\",\"datePublished\":\"2018-09-15T15:00:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/\"},\"wordCount\":1455,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Blog\",\"blogs\",\"Featured\"],\"articleSection\":[\"Latest Stories\",\"Propertyology\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/\",\"name\":\"Capital city cash cows - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-09-15T15:00:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/capital-city-cash-cows\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Capital city cash cows\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. 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