Regional property investment opportunities on the horizon
Will cities in regional areas be the next big thing for property investment? That's the ...
Will cities in regional areas be the next big thing for property investment?
That's the question being addressed by the latest issue of the Australian Property Investor (API), which has analysed the state of the investment property market and found that areas outside of the capital cities may see such growth as to attract investors.
API deputy editor Shannon Molloy mentioned New South Wales cities Wollongong and Newcastle as the kind of sites that may be of interest.
"Both of these cities have diverse economies, relatively affordable median house prices and solid rents, so investors might do well to have a look around," she said.
Ms Molloy was weary of making any definite predictions however, "as local economic factors play a part in how a regional city's market will behave and how quickly they might move".
Those interested in property or land investment in one of these areas may be able to glean further information by looking at data from the Australian Bureau of Statistics (ABS).
The ABS recently showed that many areas of population growth were around the fringes of capital cities, where more land was generally available for subdivision and housing development.