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- April To June Review
April To June Review
Its time to review the capital growth of the suburbs I have wrote about. This is for self-accountability and transparency. You can cross-reference these results yourself!
Finding Investment Suburbs For Under 450K
Since launching Under450k I have reviewed many suburbs and given my verdict on whether these suburbs are primed for investment or you should skip them for a better locations. As I have recently gained many new subscribers I wanted to go back and assess the suburbs I have reviewed and calculate the growth it has had. When looking at the results I want you to keep in mind a couple of details:
The house prices are derived from SQM research based on the suburb postcode. Some postcodes have multiple suburbs within them however it still provides a good indication of capital growth.
I have used SQM research rather than HTAG or DSR because I want my subscribers to go and cross-reference the results themselves (SQM is free).
Method used to calculate: Subtract the current price from the price of the month I posted the article divided by the price of the month I posted the article; will give the growth percentage. For example for Armadale: ($693K-$583K)/$583K = 18.8%
I have linked every article in the suburb name where you can go and read my verdict.
Why Buy Under 450K?
The reason I started I looking for properties under $450,000 is because it takes forever to save enough cash for the average worker. With about $45,000 (10% Deposit) and paying Lenders Mortgage Insurance (LMI) you can enter the market today in a regional location. And when you pick the right property in the right location you make some serious equity!
Suburb | Date Posted | Growth |
|---|---|---|
April 13th 2024 | +18.8% | |
April 18th 2024 | +9.0% | |
April 24th 2024 | +15.6% | |
May 1st 2024 | +8.4% | |
May 8th 2024 | +11.3% | |
May 15th 2024 | -4.8% | |
May 22nd 2024 | +12.7% | |
May 29th 2024 | +14.6% | |
June 5th 2024 | +1.7% | |
June 12th 2024 | +9.7% | |
June 26th 2024 | +0.2% |
Ultimate Verdict
Remember, never make investment decisions off one source that includes my newsletter too, but hopefully you are being informed of good and bad suburbs to purchase investment properties. Stayed tuned as I have new areas that I am currently writing about! If you find value in this article I would love for you to share this newsletter with your friends and family🙂.
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Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.
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