It’s what many investor dream of, property that actually puts money in your pocket every week!
But while many investors fantasise about positive cash flow property, it’s often difficult to find.
The Australian Property Investor Magazine has found some 70 positive cash flow hotspots.
“This comprehensive hotspots list will give readers a fantastic guide as to where they should be hunting for positive cash flow properties in 2012 – whether it be in capital cities, mining towns or other regional areas,” says API deputy editor Vanessa DeGroot.
It is often believed mining areas have the best opportunities for investors searching for positive cash flow properties, 12 of which have made the list.
“But positive cash flow properties can also be found in cities, with API unearthing 49 hot locations in metropolitan areas,” said Ms DeGroot.
The top five positive cash flow locations in API’s list include:
- Dysart, Queensland: 13.9 per cent gross rental yield
- Moranbah, Queensland: 10.2 per cent gross rental yield
- Blackwater, Queensland: 9.3 per cent gross rental yield
- Port Hedland, WA: 9 per cent rental yield
- Broken Hill, NSW: 8.2 per cent rental yield
Some of the metropolitan areas to make the hotspots list include:
- Carlton, Victoria: 6.9 per cent yield
- Logan Central, Queensland: 6.6 per cent yield
- Ultimo, New South Wales: 6.1 per cent yield
- Moonah, Tasmania: 6 per cent yield
- East Victoria Park, WA: 5.8 per cent yield
