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What will $500K get you around the country?

$500K is the new $400K standard spend for a lot of property investors, especially if they are buying in our capital cities around Australia.

Herron Todd White (HTW) has given a solid update of what $500K will get you both houses and units (new and old) in most major cities and towns around the country. HTW are Australia’s largest independent property valuation and advisory group.

For instance, in Sydney you will need to travel over 50km from CBD to find an existing house on some decent land size for $500K, whereas in Brisbane you only need to look around 15km to spend $500K comparatively.

“Further afield, Campbelltown some 55 kilometres from the CBD, still offers plenty of opportunities to enter the sub $500,000 for both dwellings and units”

The key here is ‘which market suits your strategy’ and ‘which market is going to perform better both short and long term’?

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