Armidale - New England Region NSW
Armidale is located in a drought-affected region but the city and its property market continue to prosper because of the diversity of the local economy.
Several significant projects are boosting confidence in Armidale’s economy and the property market.
There have been upgrades to the airport and hospital while the Metz Solar Farm, touted to be the largest solar farm in New South Wales, has been approved.
The Walcha Energy Project, claimed to one of the largest renewable energy projects in Australia, will occur about 60km south of Armidale.
The new Malpas Dam pipeline to Guyra will improve water security, encouraging agricultural businesses to expand. Another encouraging factor is the relocation of government departments from Canberra to Armidale.
Located on the New England Highway and with regular train services and daily flights to Sydney, Armidale has good connectivity for both freight and passengers.
House price growth has been steady over several years and solid rental yields are on offer.
This report covers the town of Armidale.