When I recently looked into reinvesting into a new home to rent out, I had a look at the stock available around where I lived and quickly compared the stories of struggling first home buyers and the challenges that they faced, well, at nearly 50 years of age I was facing too!

 

For a bloke who worked in the building industry, and a resident of Melbourne, an overpriced, overpopulated yet un­derwhelming with rental returns, I need­ed to look abroad, but not overseas, and definitely not at other capital cities.

 

On the road I was finding gems through regional Queensland, Vic­toria and New South Wales and the fal­lacy of 'no jobs' in the country was soon negated when I met with local councils who had issues filling jobs and plenty were on offer, skilled, non-skilled and even tertiary qualified careers that came with a regional lifestyle along with city living environments.

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So if there were jobs getting taken up and more people looking for this real life, why weren't there people investing in these cities where the entry point to purchasing a property were more than reduced compared to Sydney and Mel­bourne, yet there were waiting lists for probable tenants and many other ben­efits offering up incentives to savvy buy­ers who would reap the benefits.

 

Upon visits to regional centres like Wagga Wagga, Albury Wodonga, Ben­digo, Warrnambool, Mildura and even Toowoomba in Queensland, I’ve discov­ered many pros but very few cons with investing into these areas.

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