Echuca sees higher rental returns: HTW
Echuca investors are looking for yields supplemented by capital growth, according to Herron Todd White’s latest report.
The property data firm says that centrally located residential areas are reporting superior returns.
“Typically investors in anything but central Echuca are looking for yield supplemented by capital growth rather than the other way around in our local markets.
“Changes to tax laws around depreciation have also slightly reduced the amount of items that can be claimed for dwellings in the mortgage belt.
“Nevertheless many centrally located residences are being successfully operated as short term accommodation (AirBnB and established holiday rental management companies along with privately owned and managed residences) with most reporting superior returns above and beyond permanent accommodation,” the report stated.
A two bedroom unit at 1/319 High Street, Echuca (above) is available for $230 per week.
A four bedroom house at 23 Cochrane Street, Echuca (below) is available for $460 per week.
