Australian property investors looking to get a good return on their purchases in the long-term should look for houses and apartments in the suburbs of Sydney.
Valuer Herron Todd White's March Month in Review claims that people should look to suburbs in which infrastructure is being increased, the Australian newspaper reports.
It recommends areas such as Top Ryde, Meadowbank, Hornsby and Waitara, which are all within easy reach of the city.
"With increasing congestion issues and rising fuel prices, areas with strong public transport connections will continue to benefit from both capital growth and rental returns," the report states.
It goes on to claim that an updated studio can be bought for about $300,000 (£185,000) but rented out for over $400 per week.
Earlier this month, WBP Property Group's Sean Thomson told API Magazine that, by the middle of the year, people could be paying as much as $1.50 per litre for petrol, which will cause more people to seek properties close to public transport links.
Posted by Craig Francis
