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Sydney suburbs under $270k

These suburbs have some of the best gross yields in Sydney and a median house price well below $270,000. Most will have the potential for a granny flat to improve returns and are ideal for cashflow investors. Below are descriptions of the suburb, median house price and gross yields.

letheridge park

Lethbridge Park is an established suburb located approximately 40.5 kilometers north-west of the Sydney CBD. The suburb mostly comprises of 1960s/1970s residential dwellings (predominantly basic brick veneer, fibro cement and cladded dwellings. Lethbridge Park is located within close proximity to the M7 Orbital Motorway.

Median house price (as at July 2011): $230,000

source: www.investsmart.com.au/property/

Gross yield: 6.6%

Wilmot

Wilmot is an established suburb located approximately 41 kilometers north-west of the Sydney CBD. The suburb mostly comprises of 1960s/1970s basic fibro, clad and brick veneer residential dwellings. Willmot is located within close proximity to the M7 Orbital Motorway.

Median house price (as at July 2011): $220,000

source:http:www.investsmart.com.au/property/ Gross Yield: 6.6%

Tregear:

Tregear is an established suburb located approximately 41 kilometres north-west of the Sydney CBD. The suburb mostly comprises of 1960s/1970s residential dwellings (predominantly basic brick veneer, fibro cement and clad dwellings. Tregear is located within close proximity to the M7 Orbital Motorway and the Great Western Highway.

Median house price (as at July 2011): $233,000

source: www.investsmart.com.au/property/ Gross Yield: 6.5%