The magic combination of capital growth and yield is something many investors chase, and in a low interest rate environment, a high yield property will virtually pay for itself.
The challenge is that you usually can’t have your cake and eat it too. High yield properties don’t always match the market when it comes to capital growth.
But two of our favourite experts, hotspotting.com.au founder Terry Rider, and property guru and author Margaret Lomas, have unearthed some hidden gems they think offer the best of both worlds.
And three of them have been hiding in in plain sight right here on the north side. Here are their picks recently reported in Money Magazine.
Geebung and Bracken Ridge. Margaret Lomas would put her money in the middle ring suburbs of Brisbane, including these two north side favourites. Both are in “affordable brackets with strong rental yields and plenty of growth opportunities”, says Lomas.
Kippa-Ring. Terry Rider is forecasting growth off the back of the new Redcliffe rail line which links Kippa-Ring to Petrie. He also likes this suburb for its affordable prices ($385,000 for a house) and solid yields (median 5.5%).