With one in ten properties worth buying, where should investors be looking in 2023?
With just 8 to 10 per cent of properties deemed to be of investment-grade standard, API Magazine columnist Miriam Sandkuhler identifies the suburbs, budgets and property types that investors should be looking at in 2023.
Larger regional cities like the Gold Coast, Albury (pictured) and Ballarat are proving more resilient thanks to their broader local economies and the return of overseas students. (Image source: Shutterstock.com)
Is there a case for investing in property in 2023? There is but only if you’re cautious and prepared to exercise a little patience.
What’s wrong with the market at the moment?
The short answer is rapidly rising interest rates.
The negative impact of rates has been felt most keenly in the “trophy home” sector and many of the areas that saw the greatest gains through the 2020 - 2021 “cash splash” period.
In Melbourne, 100 of 392 suburbs have a …
