Where to purchase rental properties with high rental return and population growth

Australia is a land of opportunities and owning a rental property is a smart investment decision. With population growth and increasing demand for rental properties, it is essential to know where to invest in Australia. In this article, we will discuss the best places to purchase rental properties in Australia due to high rental returns and population growth.

1. Brisbane, Queensland – Brisbane, the capital city of Queensland, is one of the best places to purchase rental properties in Australia. With a population growth rate of 1.8%, it is one of the fastest-growing cities in Australia. Additionally, the rental yield in Brisbane is around 5.2%, making it an attractive destination for property investors.
2. Adelaide, South Australia – Adelaide is another city that has a lot to offer for property investors. With a population growth rate of 1.1%, Adelaide is a growing city that has a stable rental market. The rental yield in Adelaide is around 4.4%, making it an attractive destination for investors looking for steady rental returns.
3. Gold Coast, Queensland -The Gold Coast is a popular tourist destination, and it is also an excellent place to purchase rental properties. With a population growth rate of 1.7%, the Gold Coast is a growing city that offers high rental yields. The rental yield in Gold Coast is around 4.9%, making it an attractive destination for property investors.
4. Hobart, Tasmania – Hobart, the capital city of Tasmania, is one of the best places to purchase rental properties in Australia. With a population growth rate of 0.5%, it is a growing city that has a stable rental market. The rental yield in Hobart is around 5.3%, making it an attractive destination for investors looking for high rental returns.
5. Canberra, Australian Capital Territory – Canberra, the capital city of Australia, is a growing city that offers excellent opportunities for property investors. With a population growth rate of 1.3%, Canberra has a stable rental market, and the rental yield is around 4.6%. Property investors looking for a stable market with consistent rental returns can consider investing in Canberra.

These five cities are possibly the best places to purchase rental properties in Australia due to high rental returns and population growth. As with any investment, it is essential to do thorough research and seek professional advice before making any investment decisions. Property investment can be a smart way to build wealth, and by choosing the right location, investors can maximize their returns and secure a steady income stream for the future.