With property becoming increasingly expensive in Australian capital cities and urban areas, it might be time to look at what opportunities regional parts of the country are offering. Tomorrow Finance has put together a great infographic that examines the growth potential and underlying contributing factors in regional areas of Australia.
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REGIONAL PROPERTY: What's Happening With House Prices in Regional Australia [Infographic]
1. REGIONAL
PROPERTY
Owning property in Australia’s major cities appeals to
many of us.
But as property prices in these urban regions continue to
remain high, it might be wise to look at the investment
opportunities our regional areas have to offer.
While you can’t expect the same level of demand-price
growth as the major capitals, certain areas are heating up.
Data collected by realestate.com.au and CoreLogic highlights the
top three regional property listing hotspots in each state.
Heddon Greta
123%
$400,000
VICTORIA
SOUTH
AUSTRALIA
WESTERN
AUSTRALIA
NORTHERN
TERRITORY
NEW SOUTH WALES
TASMANIA
QUEENSLAND
Cooma
89%
$250,000
Chisholm
78% $537,000
Barandunda
315%$329,000
Huntly
138%
$359,000
$412,000
Strathfieldsaye
58%
Elizabeth Town
50%
Prospect Vale
53%
$215,000
Forth
40%
Whyalla Jenkins
50%
$283,000
Whyalla Playford
53%
$215,000
Baudin Beach
40%
Region Name
Increase in Active Listings(%)
Median Sold Prices (All houses)
$404,000
Dundowran
143%
$390,000
Jones Hill
131%
$354,000
Ashfield
104%
WHERE HAS THE GROWTH BEEN?
INCREASED INVESTMENT CAPITAL FLOWING INTO REGIONAL MARKETS
REGIONAL PROPERTY MARKETS ARE EXPANDING BECAUSE OF
INFRASTRUCTURE PROJECTS AND THE CREATION OF NEW JOBS
WHAT HAVE BEEN THE KEY DRIVERS
OF REGIONAL PROPERTY GROWTH?
REGIONAL PROPERTY PRICES VS.
METRO PROPERTY PRICES
tomorrow finance.com . au
http://www.businessinsider.com.au/most-expensive-suburbs-in-australia-january-2016-3
http://www.businessinsider.com.au/these-are-the-cheapest-suburbs-to-buy-a-home-in-australia-2016-3
http://www.domain.com.au/news/baby-boomers-heading-for-houses-in-40-regional-australian-cities-forecast-sug
gests-20160712-gq3plz/
http://www.realestate.com.au/news/regional-growth-areas-to-watch/
http://www.smartpropertyinvestment.com.au/markets-a-research/14870-investing-in-property-in-regional-areas
http://www.yourinvestmentpropertymag.com.au/strategy/get-rich-from-regional-australia-142069.aspx
Sources:
WHAT’S HAPPENING WITH HOUSE PRICES
IN REGIONAL AUSTRALIA
A steady amount of commercial investment
has been a huge influencer in raising the level
of residential property growth in rural areas.
According to Smart Property Investment,
reduced capital values and the availability of
quality property with the potential for strong
yields has encouraged a variety of commercial
activity.
Recent examples of positive investments in two
regions – Bathurst and Orange – include:
Several regional towns are growing
because of new infrastructure such
as hospitals, schools, and shopping
malls among others.
“The baby boomer generation [are] likely to create increased
demand for housing throughout regional Australia.”
Paul Flatau, Director of the Centre for Social Impact at the University of
Western Australia
Some of the key reasons for this increase in demand include:
A recent example is the increase in
property value around regional Victoria
with the proposed development of the
freight hub, Ballarat West Employment
Zone (BWEZ). This development
project announced at the end of last
year is expected to contribute many
new jobs and around $5 billion to the
local economy
In Sydney’s west, the new Western
Sydney Airport project is expected to
add immense value to properties in
neighbouring regional zones
Projects such as these require manpower during
the construction phase, but also need people to
work the facilities once constructed.
Auction Sale
6.7%5.5%
Auctions sales
of Hungry Jack
restaurant sites
with yields
around the
5.5% mark
The sale of a
7/11 at the
end of 2015
for
$4.5 million
(6.7% yield)
TOPTHREESUBURBSWITHTHEMOST
AFFORDABLEMEDIANHOUSEVALUES
TOPTHREESUBURBSWITHTHEMOST
EXPENSIVEMEDIANHOUSEVALUES
BABY BOOMERS ARE PUSHING THE DEMAND
FOR PROPERTY IN REGIONAL AUSTRALIA
MANY PEOPLE ARE LOOKING TO
“GREEN UP” THEIR LIFESTYLE
WHAT TO LOOK FOR WHEN CONSIDERING INVESTING IN REGIONAL AUSTRALIA
Low retirement
savings requiring
property
downsizing to
free up cash
According to CoreLogic the creation of
lifestyle markets occurred around coastal
areas, with the largest proportion of these
being young families rather than retirees.
The return to popularity of lifestyle regions
to pre-GFC levels has occurred due to
younger families looking for alternative
lifestyles and ways to overcome housing
affordability issues in the capital cities.
Higher housing
prices in the major
cities impacting
housing
affordability
Desire for a
change in lifestyle,
those looking for
a sea-change or a
green-change for
example
It’s important to make sure you do your homework before thinking about investing in a regional property.
Regional property opportunities are there to be found and given the low interest rates
currently in the market, it might be the right time to explore regional areas.
Information collated by CoreLogic highlights both the most affordable
and most expensive Australian suburbs to purchase property.
Regional areas with
rapidly increasing
populations
Healthy local
economy aided by
new businesses and
opportunity
Country towns or local
councils with major
infrastructure projects
in the pipeline
Here’s some things to look out for:
Any major
construction project
that is about to occur
in or nearby the town
With all the affordable areas being regional
and almost all them well under $500,000,
they offer practical, affordable alternatives.
On the other end of the spectrum, the
expensive suburbs are situated primarily in
metro areas with prices starting just over
$500,000 to nearly $7 million.
The top 40 regional areas for Baby Boomers
Geelong
Shepparton
Bendigo
Ballarat
Mildura
Albany
Bunbury
Busselton
Geraldton
Devonport
Lauceston
Burnie
Alice Spings
Katherine
Port Lincoln
Mount Gambier
Wagga Wagga
Coffs harbour
Newcastle
Gosford
Wollongong
Bathurst
Orange
Dubbo
Tamworth
Armidale
Port Macquire
Maitland
Albury
Townsville
Mackay
Rockampton
Gladstone
Bundaberg
Hervey Bay
Sunshine Coast
Gold Coast
Toowoomba
Cairns
New South Wales Queensland Victoria Tasmania NT South Australia
NSW
QLD VIC WA TAS NT
SA
Western Australia
Our experts at Tomorrow Finance will connect you with a great home loan
deal to suit your property needs. We’ll be with you every step of the way
whether you’re just looking to enquire or keen to make that next step.
Give us a call on 1300 754 562 or enquire online and we’ll call you back.
A REGIONAL PROPERTY MARKET THAT
HAS DONE WELL: GREATER SYDNEY
NEW
SOUTH
WALES
In the Greater Sydney region, homes increased in value by 12.2%
over 12 months to the end of the first quarter of 2016.
Property in the Blue
Mountains achieved
growth of 17.8%
While the primary driver was affordability, other factors
such as the creation of new jobs as a result of numerous
construction projects helped influence this growth.
Additionally, those seeking a change in lifestyle also
helped to increase demand for property in the Greater
Sydney area.
The Central Coast and
Wollongong witnessed 15%
growth during this period
Blue Mountains
Central Coast
Sydney
Wollongong
+17.8% +15%
Spencer
San Remo
Mannering Park
NSW VIC QLD SA
WA TAS NT ACT
Melton
Melton South
Millgrove
$265,355
$280,966
$294,664
Russell Island
Dinmore
Leichhardt
Davoren Park
Elizabeth North
Smithfield Plains
$225,655
$227,512
$227,658
$179,954
$180,191
$192,237
Medina
Calista
Parmelia
$276,935
$308,061
$309,380
Herdsman Cove
Gagebrook
Clarendon Vale
$137,724
$140,650
$154,642
Moulden
Gray
Woodroffe
$465,257
$492,119
$511,911
Charnwood
Ngunnawal
Holt
$400,119
$435,859
$442,124
$342,372
$371,669
$390,821
Vaucluse
Centennial Park
Darling Point
Malvern
Deepdene
Toorak
$2,386,194
$3,116,040
$3,286,485
Ascot
New Farm
Teneriffe
Thorngate
Unley Park
College Park
$1362,546
$1,415,271
$1,679,321
$1,594,259
$1,658,356
$2,111,236
$4,4152,46
$6,358,359
$6,841,364
Cottesloe
Dalkeith
Peppermint Grove
Acton Park
Sandy Bay
Battery Point
$603,480
$672,007
$836,175
Bayview
Fannie Bay
Larrakeyah
Yarralumla
O Malley
Forrest
$1,045,277
$1,162,914
$1,234,044
$1,270,858
$1,737,150
$1,900,930
$1,718,989
$2,414,538
$3,333,093
![REGIONAL
PROPERTY
Owning property in Australia’s major cities appeals to
many of us.
But as property prices in these urban regions continue to
remain high, it might be wise to look at the investment
opportunities our regional areas have to offer.
While you can’t expect the same level of demand-price
growth as the major capitals, certain areas are heating up.
Data collected by realestate.com.au and CoreLogic highlights the
top three regional property listing hotspots in each state.
Heddon Greta
123%
$400,000
VICTORIA
SOUTH
AUSTRALIA
WESTERN
AUSTRALIA
NORTHERN
TERRITORY
NEW SOUTH WALES
TASMANIA
QUEENSLAND
Cooma
89%
$250,000
Chisholm
78% $537,000
Barandunda
315%$329,000
Huntly
138%
$359,000
$412,000
Strathfieldsaye
58%
Elizabeth Town
50%
Prospect Vale
53%
$215,000
Forth
40%
Whyalla Jenkins
50%
$283,000
Whyalla Playford
53%
$215,000
Baudin Beach
40%
Region Name
Increase in Active Listings(%)
Median Sold Prices (All houses)
$404,000
Dundowran
143%
$390,000
Jones Hill
131%
$354,000
Ashfield
104%
WHERE HAS THE GROWTH BEEN?
INCREASED INVESTMENT CAPITAL FLOWING INTO REGIONAL MARKETS
REGIONAL PROPERTY MARKETS ARE EXPANDING BECAUSE OF
INFRASTRUCTURE PROJECTS AND THE CREATION OF NEW JOBS
WHAT HAVE BEEN THE KEY DRIVERS
OF REGIONAL PROPERTY GROWTH?
REGIONAL PROPERTY PRICES VS.
METRO PROPERTY PRICES
tomorrow finance.com . au
http://www.businessinsider.com.au/most-expensive-suburbs-in-australia-january-2016-3
http://www.businessinsider.com.au/these-are-the-cheapest-suburbs-to-buy-a-home-in-australia-2016-3
http://www.domain.com.au/news/baby-boomers-heading-for-houses-in-40-regional-australian-cities-forecast-sug
gests-20160712-gq3plz/
http://www.realestate.com.au/news/regional-growth-areas-to-watch/
http://www.smartpropertyinvestment.com.au/markets-a-research/14870-investing-in-property-in-regional-areas
http://www.yourinvestmentpropertymag.com.au/strategy/get-rich-from-regional-australia-142069.aspx
Sources:
WHAT’S HAPPENING WITH HOUSE PRICES
IN REGIONAL AUSTRALIA
A steady amount of commercial investment
has been a huge influencer in raising the level
of residential property growth in rural areas.
According to Smart Property Investment,
reduced capital values and the availability of
quality property with the potential for strong
yields has encouraged a variety of commercial
activity.
Recent examples of positive investments in two
regions – Bathurst and Orange – include:
Several regional towns are growing
because of new infrastructure such
as hospitals, schools, and shopping
malls among others.
“The baby boomer generation [are] likely to create increased
demand for housing throughout regional Australia.”
Paul Flatau, Director of the Centre for Social Impact at the University of
Western Australia
Some of the key reasons for this increase in demand include:
A recent example is the increase in
property value around regional Victoria
with the proposed development of the
freight hub, Ballarat West Employment
Zone (BWEZ). This development
project announced at the end of last
year is expected to contribute many
new jobs and around $5 billion to the
local economy
In Sydney’s west, the new Western
Sydney Airport project is expected to
add immense value to properties in
neighbouring regional zones
Projects such as these require manpower during
the construction phase, but also need people to
work the facilities once constructed.
Auction Sale
6.7%5.5%
Auctions sales
of Hungry Jack
restaurant sites
with yields
around the
5.5% mark
The sale of a
7/11 at the
end of 2015
for
$4.5 million
(6.7% yield)
TOPTHREESUBURBSWITHTHEMOST
AFFORDABLEMEDIANHOUSEVALUES
TOPTHREESUBURBSWITHTHEMOST
EXPENSIVEMEDIANHOUSEVALUES
BABY BOOMERS ARE PUSHING THE DEMAND
FOR PROPERTY IN REGIONAL AUSTRALIA
MANY PEOPLE ARE LOOKING TO
“GREEN UP” THEIR LIFESTYLE
WHAT TO LOOK FOR WHEN CONSIDERING INVESTING IN REGIONAL AUSTRALIA
Low retirement
savings requiring
property
downsizing to
free up cash
According to CoreLogic the creation of
lifestyle markets occurred around coastal
areas, with the largest proportion of these
being young families rather than retirees.
The return to popularity of lifestyle regions
to pre-GFC levels has occurred due to
younger families looking for alternative
lifestyles and ways to overcome housing
affordability issues in the capital cities.
Higher housing
prices in the major
cities impacting
housing
affordability
Desire for a
change in lifestyle,
those looking for
a sea-change or a
green-change for
example
It’s important to make sure you do your homework before thinking about investing in a regional property.
Regional property opportunities are there to be found and given the low interest rates
currently in the market, it might be the right time to explore regional areas.
Information collated by CoreLogic highlights both the most affordable
and most expensive Australian suburbs to purchase property.
Regional areas with
rapidly increasing
populations
Healthy local
economy aided by
new businesses and
opportunity
Country towns or local
councils with major
infrastructure projects
in the pipeline
Here’s some things to look out for:
Any major
construction project
that is about to occur
in or nearby the town
With all the affordable areas being regional
and almost all them well under $500,000,
they offer practical, affordable alternatives.
On the other end of the spectrum, the
expensive suburbs are situated primarily in
metro areas with prices starting just over
$500,000 to nearly $7 million.
The top 40 regional areas for Baby Boomers
Geelong
Shepparton
Bendigo
Ballarat
Mildura
Albany
Bunbury
Busselton
Geraldton
Devonport
Lauceston
Burnie
Alice Spings
Katherine
Port Lincoln
Mount Gambier
Wagga Wagga
Coffs harbour
Newcastle
Gosford
Wollongong
Bathurst
Orange
Dubbo
Tamworth
Armidale
Port Macquire
Maitland
Albury
Townsville
Mackay
Rockampton
Gladstone
Bundaberg
Hervey Bay
Sunshine Coast
Gold Coast
Toowoomba
Cairns
New South Wales Queensland Victoria Tasmania NT South Australia
NSW
QLD VIC WA TAS NT
SA
Western Australia
Our experts at Tomorrow Finance will connect you with a great home loan
deal to suit your property needs. We’ll be with you every step of the way
whether you’re just looking to enquire or keen to make that next step.
Give us a call on 1300 754 562 or enquire online and we’ll call you back.
A REGIONAL PROPERTY MARKET THAT
HAS DONE WELL: GREATER SYDNEY
NEW
SOUTH
WALES
In the Greater Sydney region, homes increased in value by 12.2%
over 12 months to the end of the first quarter of 2016.
Property in the Blue
Mountains achieved
growth of 17.8%
While the primary driver was affordability, other factors
such as the creation of new jobs as a result of numerous
construction projects helped influence this growth.
Additionally, those seeking a change in lifestyle also
helped to increase demand for property in the Greater
Sydney area.
The Central Coast and
Wollongong witnessed 15%
growth during this period
Blue Mountains
Central Coast
Sydney
Wollongong
+17.8% +15%
Spencer
San Remo
Mannering Park
NSW VIC QLD SA
WA TAS NT ACT
Melton
Melton South
Millgrove
$265,355
$280,966
$294,664
Russell Island
Dinmore
Leichhardt
Davoren Park
Elizabeth North
Smithfield Plains
$225,655
$227,512
$227,658
$179,954
$180,191
$192,237
Medina
Calista
Parmelia
$276,935
$308,061
$309,380
Herdsman Cove
Gagebrook
Clarendon Vale
$137,724
$140,650
$154,642
Moulden
Gray
Woodroffe
$465,257
$492,119
$511,911
Charnwood
Ngunnawal
Holt
$400,119
$435,859
$442,124
$342,372
$371,669
$390,821
Vaucluse
Centennial Park
Darling Point
Malvern
Deepdene
Toorak
$2,386,194
$3,116,040
$3,286,485
Ascot
New Farm
Teneriffe
Thorngate
Unley Park
College Park
$1362,546
$1,415,271
$1,679,321
$1,594,259
$1,658,356
$2,111,236
$4,4152,46
$6,358,359
$6,841,364
Cottesloe
Dalkeith
Peppermint Grove
Acton Park
Sandy Bay
Battery Point
$603,480
$672,007
$836,175
Bayview
Fannie Bay
Larrakeyah
Yarralumla
O Malley
Forrest
$1,045,277
$1,162,914
$1,234,044
$1,270,858
$1,737,150
$1,900,930
$1,718,989
$2,414,538
$3,333,093](https://image.slidesharecdn.com/ruralpropertycopy-160808052432/85/REGIONAL-PROPERTY-What-s-Happening-With-House-Prices-in-Regional-Australia-Infographic-1-320.jpg?cb=1470634257)
