BOWRAL AND WOLLONGONG OUTPERFORM CAPITAL CITIES

Image credit: VisitNSW

Regional Australia is moving and shaking as a preferred location for real estate investment. Why the move away from the capital cities? 
 

With a recent decline in capital city investment, interest is turning out towards the regional areas, and as a result, they are outperforming our major capital cities throughout the last few months and boasting strong growth figures over the past 12 months. 

Why Are Regional Areas Booming? 

Regional areas offer the perfect combination of greater affordability and growth opportunities for the savvy investor. The amount of current regional development is the proof in the pudding. More and more infrastructure and transport links to regional areas are in the works which in turn, stimulates employment – all culminating in an attractive investment opportunity. 

The Proof is in the Figures 

On an annual basis, the combined capitals have seen a decline in dwelling values of 0.3%. Regional values have moved in the opposite direction with an increase of 2.4%. The trend seems to be in no way slowing down. In terms of the fastest regional areas in NSW regional, the Southern Highlands tops the list with a year on year growth 2017 of +28.0%. Woollongong followed close behind with year on year growth 2017 at +13.9%. (Open Agent) 
 

According to Core Logic’s March figures, Geelong has come in as top of the list for the fastest growing Victorian regional area with an annual growth of 9.8%. Not far behind was the Southern Highlands and Shoalhaven at 9.2%. These regional areas that are in close proximity to the city are becoming more and more appealing to investors. With better affordability and feasible commute times to the city, regional areas have never looked better. 
 

AK Real Estate specialises in Property Development in Sydney and the Regional areas within a one hour radius of Sydney CBD.  If you are looking for professional advice on site acquisition, amalgamation, sales of both raw or DA approved site or resales of residential and commercial sites – Call Angela on 0427 333 913 today.