Top Regions For Investment
Regional Australia still has plenty to give investors despite significant price gains during the pandemic years, according to a new analysis by PRD Real Estate.
Its latest Roaring Regions report shows regional towns are some of the best places to invest.
It analysed regional LGAs in Queensland, NSW, Victoria and Tasmania, assessing affordability, rental yields and vacancy rates, infrastructure development and unemployment rates.
PRD Real Estate chief economist Dr Diaswati Mardiasmo says the regional areas generally had higher rental yields than their capital city counterparts and either equal or stronger capital growth.
Local Government Areas (LGAs) which made the top ten had a median house price of less than $600,000.
In no particular order, the top LGAs are:
QUEENSLAND: Mackay, Toowoomba, Townsville
NEW SOUTH WALES: Dubbo, Tamworth, Griffith
VICTORIA: Ballarat, Shepparton, Wodonga
TASMANIA: Burnie
“People always ask. ‘if you had a lazy $1 million, where would you invest?’ and I always say regional areas,” Mardiasmo says.
