Mining towns will fail to provide investors with gold over the coming year.
Instead home buyers should focus their attention on vibrant cities located on the outskirts of the capital cities, Destiny Financial Solutions Margaret Lomas has claimed.
Speaking to The Adviser, Ms Lomas said while many investors would be lured by the strong rental yields many mining towns are displaying, over the longer term, these areas would not be as lucrative as other suburbs.
"Any mining area should be treated with caution. We need to look for areas that are well developed in terms of their infrastructure, or at the very least, have strong infrastructure plans in place," she said.
"These towns are located on the outskirts of any major cities, or are part of our big regional centres.
"I am not talking about small country towns, I am talking about places that are economically vibrant now – where people still must live. They will be the hotspots of the future."
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