Regional NSW Continues To Produce Affordable Growth Markets
When Sydney was going through its post-boom correction in 2018 and the first half of 2019, regional areas of NSW were a notable contrast.
Locations throughout the state continued to show growth in sales activity and prices.
But, given the ongoing obsession with Sydney in mainstream media, the many strong markets in Regional NSW were largely ignored.
The regions outside of Sydney have many examples of the win-win-win situation provided by regional centres: affordable buy-in prices, much better rental yields than the big cities and good prospects for steady growth.
Many of these have long-term growth rates (the average annual increase in median house prices over 10 years) of 5%, 6% or more.
Many locations throughout Regional NSW have recorded double-digit growth in their median house prices over the past 12 months. This strong price performance has occurred at a time when the Sydney market has generally been struggling for growth (prior to the revival in prices which occurred in latter part of 2019).
It provides compelling evidence that investors can find good investments with appealing prospects for long-term growth in regional areas.
This report highlights five locations where investors can buy affordably, achieve good rental yields and look forward for solid growth over time.
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