Dubbo among solid investments

DUBBO has been named on a list of affordable centres identified as being ideal investments.

The 2013 Fast 50 report, compiled by real estate experts and Smart Property Investment magazine, includes 50 towns, suburbs and cities geared for capital growth in 2013.

Dubbo is one of 11 NSW centres in the report.

The selections were based on indicators including population growth, demand for housing, income levels, employment, vacancy rates, previous capital growth and current gross rental yields.

"This is a challenging market right now and if you're looking to make a fast buck without doing your research there's a good chance you'll get your fingers burnt," Smart Property Investment magazine editor Phillip Tarrant said.

"That said, this report demonstrates that there are still lucrative opportunities out there for investors who are looking for solid capital growth potential - regardless of the broader market conditions."

Mr Tarrant said the 2013 report highlighted the growing significance of housing affordability and reinforced investment opportunities outside capital cities.

"Capital city markets have long been considered a safe and sensible investment option," he said.

"However, a growing number of investors are turning to outer suburban markets because of their lower buy-in costs and vacancy rates.

"There are some very attractive opportunities out there right now which are driven by local economic factors, housing supply and demand and demographic shifts.

"Add to that a cash rate of just three per cent and there is great potential for investors who do their homework."

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