Top 20 suburbs for property investors with a $100k deposit

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on January 17, 2022 Fact Checked
Top 20 suburbs for property investors with a $100k deposit

Got a spare $100,000? New research has identified the top 20 property investment locations across Australia for investors who have saved the milestone deposit.

Eventus Financial's '$100k Quarterly Investment Report' revealed a shortlist of locations across the country suitable for investors looking to buy a property valued up to $1 million.

The 20 locations are spread across New South Wales, Victoria, Queensland, South Australia, and Tasmania.

The report notes that only house markets were chosen as it states freestanding houses will likely give investors better long-term capital gains than units.

Topping the list of standouts is Safety Beach, New South Wales - located half an hour’s drive from Coffs Harbour.

New South Wales has seven further suburbs inside the top 20, including:

  • Valley Heights (Blue Mountains region)
  • Millthorpe (near Orange)
  • Kariong (Central Coast)
  • Wickham (Newcastle)
  • Medowie (Hunter region)
  • Ropes Crossing (Western Sydney)
  • Tarago (Southern Tablelands)

Tree change on your mind? Check out our lists of suburbs to watch in 2022 across Brisbane, Sydney, Melbourne, Adelaide, Perth, Sunshine Coast, Gold Coast and Central Coast.


Eventus Financial CEO Alex Veljancevski said that despite all the talk of property prices going through the roof, investors can still buy a quality investment property in a quality location with a deposit of 'just' $100,000.

"If you’re willing to be open-minded about your loan-to-value ratio and location, you can definitely buy a good investment property with a $100,000 deposit," Mr Veljancevski said.

"If your deposit is less than 20%, you’ll probably have to pay lenders mortgage insurance (LMI).

"If paying LMI were to allow you to enter the market a couple of years ahead of schedule, it might seem like a bargain if property prices were to increase, say, $50,000 in that time."

The top 20 locations reported by Eventus Financial are:

Eventus Top 20 Suburbs.JPG

Source: Eventus Financial $100K Investment Report


Buying an investment property or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for investors.

Lender

Variable
More details
GREAT INTEREST RATE
  • Option to add an offset for 0.10%
  • No monthly or ongoing fees
  • Unlimited redraws
GREAT INTEREST RATE

Smart Booster Investor Bundle (Principal and Interest)

  • Option to add an offset for 0.10%
  • No monthly or ongoing fees
  • Unlimited redraws
Variable
More details
GET APPROVED FASTER WITH A DIGITAL APPLICATION
  • Split Loan Option
  • Unlimited additional repayments
  • Free redraw facility
GET APPROVED FASTER WITH A DIGITAL APPLICATION

Neat Variable Investment Loan (Principal and Interest) (LVR < 60%)

  • Split Loan Option
  • Unlimited additional repayments
  • Free redraw facility
Variable
More details
BUNDLE YOUR HOME LOAN AND YOUR INVESTMENT LOAN FOR MORE SAVINGS
  • Split Loan Option
  • Unlimited additional repayments
  • Free redraw facility
BUNDLE YOUR HOME LOAN AND YOUR INVESTMENT LOAN FOR MORE SAVINGS

Yard Investor Bundle Loan (Bundled with Home Loan)

  • Split Loan Option
  • Unlimited additional repayments
  • Free redraw facility
Variable
More details
100% FULL OFFSET ACCOUNT
  • Free redraw facility
  • Split account option
  • Unlimited extra repayments
100% FULL OFFSET ACCOUNT

Ocean Investment (Amounts < $1m, LVR < 60%)

  • Free redraw facility
  • Split account option
  • Unlimited extra repayments

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of May 26, 2022. View disclaimer.


Image by Breno Assis via Unsplash

Disclaimers

The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. To read about how Savings Media Group manages potential conflicts of interest, along with how we get paid, please visit the web site links at the bottom of this page.

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Jacob Cocciolone joined the Savings team in 2021 as a Finance Journalist. Driven by a passion for keeping Australians up to date with the latest financial news and trends, his areas of interest include financial technology, investing, property and motoring.

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