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RENTAL YIELD: 6.4%
WEEKLY ASKING RENT: $250
MEDIAN PRICE: $202,500
DISTANCE FROM ADELAIDE CBD: 2.7 KMS
Keswick is within walking distance to Adelaide’s CBD – yes
that’s right, walking distance. A unit would set you back just
$202,500 yet rent for about $250 a week, offering a very strong
and attractive rental yield of 6.4 per cent.
Keswick is close to the Adelaide Showground and Ashford
Hospital, and has heaps of shops and supplies nearby.
But its main advantage is the fact it’s so close to Adelaide’s
CBD. It’s also a hop, skip and a jump to the Keswick Military
Barracks and the Adelaide Showground.
TAFE property co-ordinator Peter Koulizos says the only thing
separating Keswick from the CBD is Edwards Park to the right.
“ It has a train station, so if you’re not going to walk you can
catch a bus or a train,” he says.
“ T he State Government has targeted this area as a transit-
oriented development (TOD).”
However, the problem, according to Koulizos, is that Keswick is
next door to a huge industrial area.
“ It does have nice housing closer to Ashford and one of the
landmarks would be Ashford Hospital,” he says.
“ One of the reasons you’re getting higher rental yield is
because a lot of the units need updating. You can pick up a
relatively cheap unit but still get good rent because it’s so close
to the city. ”
The Adelaide market is also starting to turn, with stock for sale
falling and confidence increasing.
The city has had a few slow years, but buyers who purchase
now might be able to benefit from capital growth in the
However, there are hardly any schools or shops in Keswick. If
you’re after a cappuccino, you’d have to go further south, closer
to Goodwood. It might also not experience that same capital
growth as some other suburbs considered blue-chip.
“ If you’re going to buy in Keswick, the location is critical,”
“ Avoid the industrial pockets. It’s easy to find them if you
check on Google maps. ”
RENTAL YIELD: 6.0%
WEEKLY ASKING RENT: $285
MEDIAN PRICE: $245,500
DISTANCE FROM HOBART CBD: 9.5 KMS
Kingston lies on the outskirts of Hobart, south of the Kingston
Bypass and Channel Highway. It has a beautiful esplanade and
popular Kingston Beach, pictured above. It also has a huge park
bordering Browns River.
Herron Todd White valuer Mark Davies says it was recently
nominated as one of the most desirable suburbs to live and is
known for its gorgeous beach. He notes there aren’t many units
in Kingston because the area is mostly established housing or
renovation projects with families. That means the units available
do tend to rent and sell well.
“ There’s a lot of new development and modern estates,”
“ It’s popular with renters and also owner-occupiers. There are
lots of shops and (there’s strong) employment there.”
Davies notes Kingston is similar to Bracken Ridge in Brisbane,
which is also in the list of suburbs with a strong rental yield
(page 39). Those who buy in the area now might also find a
slight pick-up in price down the track, Davies believes. He adds
it’s a good time to buy and both homeowners and investors are
starting to make moves again.
“ Hobart overall is slightly improving,” he says.
“ People didn’t have the confidence before, but now there’s a
shortage of stock. ”
RENTAL YIELD: 6.2%
WEEKLY ASKING RENT: $370
MEDIAN PRICE: $309,500
DISTANCE FROM SYDNEY CBD: 18.5 KMS
Located roughly in the centre between Bankstown, Liverpool
and Parramatta, the suburb of Sefton offers affordable units with
strong rental potential.
Although it’s not a well-known suburb, Quick says it has
relatively good access to both the M5 and M4 and gives
commuters a range of options. They could work in Parramatta,
Bankstown, Liverpool or the city and still get to Sefton.
“ There has been a lot of activity in Bankstown,” Quick explains.
Beautiful Kingston Beach in Tasmania offers strong rental yield for units.
COVER STORY // YIELDS OF GOLD
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