Federal and state political leaders intend to generate an infrastructure-led economic recovery in Australia.
This will turbocharge the residential property boom which is already well under way across the nation.
Infrastructure spending is always a key driver of growth in residential property markets and government plans to fast-track shovel-ready projects will enhance the established trend of rising markets in many parts of Australia.
The research conducted daily by the Hotspotting team places considerable emphasis on announcements of major new infrastructure developments.
The best places to invest have impact from infrastructure in two key ways:
- Existing infrastructure (public transport, schools, medical services, retail outlets, etc) and
- Spending on new infrastructure.
- New infrastructure is particularly influential on generating growth in residential property markets.
Our belief is that no other factor impacts property markets as strongly as major new infrastructure spending. That impact occurs both during construction and after the facility is completed.
Infrastructure such as new motorways, rail links, hospitals and universities improve the amenity and desirability of the locations directly impacted.
These projects generate major economic activity and employment – and from that flows demand for real estate.
We have seen major infrastructure spending transform local economies and their property markets in many significant regional cities across Australia. Projects totalling more than $20 billion have transformed the Sunshine Coast from a tourist town to an international city and it currently has one of the strongest property markets anywhere in Australia.
Newcastle, Geelong and Wollongong are all regional cities which have transitioned by older-style economies based on manufacturing to prosperous modern economies through spending on new infrastructure and the generation of new employment sectors. Growth property markets have emerged from the transition in these places.
For all these reasons, a new report created by Hotspotting is more important than most.
This report is titled: “Australia’s Infrastructure-led Property Boom: National Top 10 Hotspots”.
We’ve just published the new 2021 edition.
It’s a report that encapsulates the essence of the national property boom. So get yourself a copy today.
