8/24/2016 1 Comment Why regional NSW?I start this week identifying not what is good about regional NSW for property investors, but by identifying why capital cities are not the place to put your money.
Sydney and Melbourne have seen significant growth over the past three years, so much so that there is talk of a bubble and potential oversupply of units in 2017. While I do not subscribe to the idea of the market collapsing even for a moment, I do see that historically, there are rises and falls in markets, and periods of stagnation in any market. It is essential that we use history to predict the future, but also that we are not blinded by the growth in these capital cities. Sydney and Melbourne do not reflect all of Australia. Sydney and Melbourne have seen growth, the ripple effect of which is making its way through many suburbs and regional areas. Many people are being priced out of these markets, or are opting to 'cash in' and make a tree change. The growth is looking towards regional NSW. With wage growth in Australia unlikely to be significant over the next five years, and a multitude of Baby Boomers set to retire unprepared financially, regional areas provide an option for young and old(er) alike to leave the rat race and make a change. The NBN (think of it what you may), faster, more frequent transportation and investment by governments and private industries are making regional NSW, particularly our 'coming hotspots' of Orange, Bathurst and Goulburn an ideal place live. With population, comes a need for shelter. With the need for shelter, comes higher purchase prices and rental yeilds. Perhaps the factors for a wave of growth in regional NSW is beginning? Will you be ready to catch it? *The information included in this article is the opinion of the author and not to be taken as investment or financial advice.
1 Comment
James
8/26/2016 08:53:53 pm
Great insights, thanks!
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About usWe 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 contained in this site is of a general nature and does not constitute financial advice. Before investing all parties should undertake their own research and seek professional advice, specific to their situation.
All information is the intellectual property of the author, of regionalpropertynsw.com.
All information is the intellectual property of the author, of regionalpropertynsw.com.