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Property News

Industry publication: Bathurst is booming

November 15, 2011

An industry publication has highlighted the value represented by rural property in the central tablelands district of New South Wales.

Your Investment Property Magazine (YIPM) has tipped Bathurst as being one of 18 regional powerhouse locations around the country to watch.

Speaking to the Western Advocate, YIPM editor Nila Sweeney said that the diverse local economy in the town helped to deliver investors with solid, consistent returns - namely from one particular sector - education.

Sweeney asserted: "Bathurst hosts the Charles Sturt University headquarters as well as two TAFE campuses. As a whole, the sector employs just over 12 per cent of Bathurst's population.

"The economy is also supported by robust retail, manufacturing and health care sectors."

As well as these factors, Sweeney said that the upcoming mining projects in the region would further help to boost property prices and potential returns.

She states that the Newcrest Cadia East mine development near Orange was expected to create over 1,000 construction jobs and approximately 800 operational positions - injecting over $1 billion into the local economies.

In turn this is expected to further fuel demand for properties in the region as more people seek dwellings in an established town with reliable infrastructure already in place.

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