With Sydney’s median house price soaring to $1,600,000, up 10.6% from 2022, many investors find themselves priced out of the market. Low rental yields, tight borrowing conditions, and limited market stock add to the challenges. But what’s the best move for expanding your investment property portfolio?

Instead of waiting for prices to drop or better borrowing conditions, consider exploring thriving real estate markets outside of Sydney. Cities like Melbourne, Perth, Adelaide, and Brisbane offer great opportunities, with lower median prices and growing demand, driven in part by an influx of immigrants.

Here are three tips for researching property markets beyond your hometown: