There's been a big fuss this week over "middle aged men" (in their 60's) telling Millennials and Generation Y-ers to quit spending so much on coffee and brunch (smashed avocado with feta on toast), in order to save up for a house. The backlash has been Millennials and Gen Y-ers stating that housing is so far out of reach that it will never be a possibility, that even if they do refrain from buying the brunch or latte, it will simply never happen for them, so they might as well just spend...
To save a 20% deposit for a property in Sydney is anywhere around $200, 000...
To save a 20% deposit for a property in Orange, Dubbo, Bathurst, Nowra, Wagga... etc, is anywhere around $70,000...
For most occupations (teachers, nurses, police, retail workers just to name a few) the income is the same where ever you work in NSW.
There are, despite the excuses many use, many jobs available in regional NSW.
Same income, different living expenses, and some would say better quality of life.
The future of the property market will be based on many factors, but affordability will be a huge one. People, renters and home buyers alike, are looking for an affordable lifestyle that regional NSW presents. Investing in regional property could be your way to ride this wave and create a better life.
Contact us or check out our facebook page for more information.
We are property investors who have, over significant time, seen regional markets out perform the capital cities in terms of cash flow and growth. We are writing to inform others of the potential that lies in regional property, particularly over the next 10 years.
All information is the intellectual property of the author, of regionalpropertynsw.com.