Nambucca Heads has recently been named on a list of 141 high-performing suburbs by national property publication 'Your Investment Property'.
The full report compiles the suburbs around Australia that have the potential for high cash flow investment properties based on set criteria such as a strong economy, local rental market and reasonable rental returns.
"A high cash flow property investment is one that pays you more each month than it costs you to own. There were a stringent set of guidelines for the report; we were looking at high yield suburbs, suburbs with over an 8% yield," Your Investment Property' editor Sarah Megginson told the Guardian.
"A property research group compiled all the data for us; then we spent two weeks verifying and doing our own research to make sure the towns weren't small and had a thriving property market and not just one or two sales."
Your Investment Property' has been in operation since 2007 and was designed to help Australian investors make the best possible decisions when buying property, although Ms Megginson advises that due diligence is still needed.
"While the report is the result of extensive research on our part, we certainly encourage people to do their research before investing," she said.
"Everyone has different circumstances, different goals, budgets, expectations, what works for one doesn't necessarily work for another; our report is a good starting point though."
The full article is in the April edition of 'Your Investment Property' which can be found at newsagents and Coles supermarkets nationwide.
"High cash flow investments are increasingly popular with investors at the moment, who are feeling cautious about a potential change of government, and what that could mean for negative gearing. Chasing growth in the current market isn't always easy, especially for those on a low budget, but these high-yield suburbs could offer an opportunity to get your foot on the property ladder or grow your portfolio," Ms Megginson said.