If you're keen to invest away from the capital cities, why not take a look at these regional hot-spots?
When people talk about the property market, they often refer to trends happening in Melbourne and Sydney.
As prices began to dip last year, the media reported a market in distress, but outside of the capital citites, this narrative isn't always the same. Some markets remained steady, while others even saw some small growth.
Beyond the city
Simon Pressley, head of research at Propertyology says regional and smaller towns are actually more popular with investors than you may think.
"Truth be known, one in every three Australians choose to not live in a capital city. In addition to Australia’s eight capital cities, there are 175 non-capital cities and towns which individually have a population of 10,000 people or more."
"Property markets in regional Australia have always had as much, some times, more potential than capital cities," he tells. "For starters, they cost less to buy, higher rental yields means they cost investors less of their own money to hold the property each year, and they haven’t been smashed with ridiculous volumes of new supply."
Here are some of the areas Simon thinks have the potential to keep moving up:
Surf Coast, Vic
Located south-west of the Melbourne CBD, Surf Coast shire is home to coastal suburbs including Lorne, Anglesea and Torquay. The area is known for thier beaches, greenery and laid-back lifestyle. The area is growning in popularity with investors, too, with the median house price at $835,000, a 33.6 per cent increase in three years and population growth rate of 2.9 per cent (2017/18).
When you think of the Hunter Valley in NSW, wineries spring to mind, but so should property affordability! With the media house price just $470,000, a population growth of 2.7 per cent in 2017/18 and a 19.9 per cent growth in the last three years, this area is on the up and is perfect for investors wanting to spend under that $500k mark.
Yass Valley, NSW
Situated in the southern tablelands of New South Wales, Yass Valley is just outside of Canberra and connected to the rest of the state through the close by Hume and Barton highways. The median house price for the area is $565,000, with an 8.3 per cent growth in the last three years.
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