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The best places to invest $1.5 million in Australian property in 2026

From booming mid-sized capitals to selective opportunities in Sydney and Melbourne, investors with a $1.5 million budget still have clear pathways to long-term growth if they choose the right locations.

Houses in suburban Melbourne
Melbourne could be poised to be the premier property investment destination of 2026. (Image source: Craig Francis + API Magazine)

For investors with a budget $1.5 million, there are plenty of options but only some will bring happy returns.

It has been a solid year for Australian property with all major markets showing growth.

With the interest rates outlook gyrating and economic growth muted, the short term outlook for investors is a little clouded.

When your whole city is a hot spot

The three mid-sized capitals

have again been the central chapters in the nation’s overa…

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