10 scorching hot suburbs for cash flow hunters

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If you think you can no longer find cash flow positive property as prices continue to surge, you may want to reconsider your view.

Using RP Data’s extensive list of suburbs, we compiled a list of areas where rental yields are strong despite the solid growth in property prices.

To show you just how much cash flow you can potentially achieve, we used a few assumptions, including:
 
  • An interest rate of 5%
  • Investor borrows 80% of the property’s purchase price
  • Annual property maintenance and repair costs amount to 1.5% of the property’s value
  • Depreciation benefits were not included
  • The property stays tenanted for the entire year
In a nutshell, you take the total rent and deduct your expenses from it. Your expenses include interest repayment, maintenance and management fees.

The answer is then divided by 52 to get the estimated cash flow per week.

So where can you find these cash flow hot spots?

Queenstown, Tas

  • Median house price: $70,000
  • Weekly median rent: $148
  • Estimated cash flow: $74 per week
Woree, Qld
 
  • Median unit price: $120,000
  • Weekly median rent: $230
  • Estimated cash flow: $103 per week
Broken Hill, NSW
 
  • Median house price: $118,000
  • Weekly median rent: $220
  • Estimated cash flow: $95 per week
Tennant Creek, NT
 
  • Median house price: $262,000
  • Weekly median rent: $450
  • Estimated cash flow: $173 per week
Boulder, WA 

  • Median unit price: $190,000
  • Weekly median rent: $295
  • Estimated cash flow: $94 per week
Warracknabeal, Vic
 
  • Median unit price: $112,000
  • Weekly median rent: $160
  • Estimated cash flow: $41 per week
Port Augusta, SA
 
  • Median house price: $175,000
  • Weekly median rent: $245
  • Estimated cash flow: $60 per week
Tuross Head, NSW
 
  • Median unit price: $183,000
  • Weekly median rent: $210
  • Estimated cash flow: $16 per week
Kambalda East, WA
 
  • Median house price: $138,000
  • Weekly median rent: $220
  • Estimated cash flow: $74 per week
Maluwa Bay, NSW
 
  • Median house price: $410,000
  • Weekly median rent: $925
  • Estimated cash flow: $491 per week

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Top Suburbs : west rockhampton , torrensville , newcastle , the basin , bligh park

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