In the dynamic landscape of the NSW property market, 2023 emerges with clear winners for property investors. While where to invest in Sydney property remains a topic of interest, It’s the regional NSW areas that are increasingly catching the eye of those investing in property.
These suburbs not only offer a serene environment away from the hustle of metropolitan cities but also promise significant returns.Drawing from the latest data, we spotlight seven suburbs that are heralded as the best place to buy investment property in NSW, based on their commendable rental yields.
From coastal delights like Central Coast and Shoalhaven to the rolling hills of Bowral and Mittagong, here’s the comprehensive rundown!
Central Coast (4.7% Rental Yield)
- Median house price: $400,000
- Median unit price: $50,000
- Median rent price: $3,000
Central Coast, located just north of Sydney, provides a coastal and regional allure. Its rising rental demand, coupled with a favorable property market, makes it one of the top suburbs in regional NSW for investors. Its close proximity to both Sydney and Newcastle only amplifies its attractiveness.
Beyond its scenic coastlines, Central Coast boasts a plethora of amenities, from shopping centers to educational institutions. The area has seen significant infrastructural developments in recent years, making it not only a haven for beach lovers but also a thriving community that attracts renters from all walks of life.
Check out more real estate in Sydney NSW 2000.
Bowral (4.6% Rental Yield)
- Median house price: $500,000
- Median unit price: $60,000
- Median rent price: $3,500
Positioned in the Southern Highlands, Bowral is more than just a picturesque town. With its growing popularity among both residents and tourists, it stands out as a best place to invest in Australia. Its lush green landscapes combined with an active local property market make it a top choice for investors.
The cultural heart of the Southern Highlands, Bowral is home to iconic events like the Tulip Time Festival. Its rich history, encapsulated in museums and vintage shops, alongside its modern amenities, ensures a steady influx of tourists and long-term residents, adding depth to its investment potential.
Check out more real estate in Bowral NSW 2576.
Mittagong (4.5% Rental Yield)
- Median house price: $350,000
- Median unit price: $45,000
- Median rent price: $2,500
Neighbouring Bowral, Mittagong offers similar scenic views but has its own unique charm. As one of the fastest-growing regional areas in NSW, its property market continues to thrive, making it a hotspot for investors looking for robust rental yields.
With a blend of history and nature, Mittagong captivates with its vintage railway station, antique shops, and nature reserves. It’s this fusion of old and new that makes the suburb a favorite among those seeking a balanced lifestyle, further emphasizing its appeal to property investors.
Check out more real estate in Mittagong NSW 2575.
Bundanoon and Robertson (4.4% Rental Yield)
- Median house price: $300,000
- Median unit price: $40,000
- Median rent price: $2,000
These quaint towns, known for their tranquility and beauty, are now on the radar of savvy property investors. With a combined rental yield of 4.4%, they are climbing the ranks in the NSW property market. Their increasing popularity is a testament to their potential property investment value.
Apart from their serene landscapes, both Bundanoon and Robertson are celebrated for their community-driven events. Whether it’s the famed Bundanoon Winterfest or Robertson’s Potato Festival, these events highlight the vibrant community spirit, drawing attention from potential renters.
Check out more real estate in Robortson and real estate in Bundanoon
Shoalhaven (4.3% Rental Yield)
- Median house price: $320,000
- Median unit price: $42,000
- Median rent price: $2,200
Situated on the southeast coast, Shoalhaven is gaining traction among those looking to buy investment property in NSW. With its mix of beautiful beaches and a strong regional centre, its appeal to both residents and tourists boosts its property market.
As a haven for marine activities, Shoalhaven attracts water sports enthusiasts, making it a year-round destination. Its culinary scene, enriched by fresh seafood and local produce, further solidifies its status as a locale where life’s pleasures converge, adding to its rental allure.
Check out more properties Shoalhaven Heads NSW 2535.
Wollongong (4.2% Rental Yield)
- Median house price: $450,000
- Median unit price: $55,000
- Median rent price: $3,200
South of Sydney lies Wollongong, a coastal city that seamlessly merges the sea with the mountains. A key regional centre, Wollongong’s property market is strengthened by its universities, businesses, and beachfront properties, making it a prime location for property investment in New South Wales.
Wollongong’s urban transformation is noteworthy. As businesses and tech hubs sprout, it’s fast becoming an employment hotspot. This transition, backed by its cultural festivals and vibrant nightlife, places Wollongong high on the list for those seeking dynamic urban living outside Sydney.
Check out more real estate in Wollongong NSW 2500.
Blue Mountains (4.1% Rental Yield)
- Median house price: $420,000
- Median unit price: $52,000
- Median rent price: $3,000
Renowned for its breathtaking vistas, the Blue Mountains also packs a punch as an investment hotspot in NSW. Its proximity to Sydney, coupled with its natural beauty, makes it a sought-after location for renters and thereby, property investors.
A UNESCO World Heritage site, the Blue Mountains is more than just its famous Three Sisters rock formation. With an array of bushwalking trails, art galleries, and coffee houses, it offers a holistic living experience, making it increasingly popular among those desiring a mix of adventure and culture in their locale.
Check out real estate in Preston VIC 3072.
In conclusion, as the property market evolves in NSW in 2023, these regional suburbs and towns present themselves as the best places for property investors to focus their attention. Each, with its unique charm and potential for high returns, cements its place in the investment realm. Whether you’re a seasoned property investor or just venturing into the market, these NSW locales should be high on your list of considerations.
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More on Best Place to Buy Investment Property in NSW
Where is the best place to buy investment property in NSW?
The best place to buy investment property in NSW depends on your individual circumstances and investment goals. However, some of the most popular areas for investment property in NSW include:
- Central Coast
- Wollongong
- Blue Mountains
- Newcastle
- Regional areas
What are the best regional areas for property investment in NSW?
Some of the best regional areas for property investment in NSW include:
- Muswellbrook
- Dubbo
- Goulburn
- Armidale
- Leeton
Where is the highest ROI in NSW?
The highest ROI in NSW can vary depending on the property type, location, and other factors. However, some of the areas with the highest ROI in NSW include:
- Regional areas
- Properties with high rental demand
- Properties with capital growth potential
