Hi forumites,
I was just hoping someone could shed light on regional city growth. Does the ripple effect happen in regional towns as effective as it does in Capital cities? I know it will increase prices slightly in the towns surrounding but i just cant see all the towns kind of booming especially when most Regional hubs have tons of land available or will it only effect existing dwellings. The suburb has about 37% annual growth and the surrounding towns have anywhere between 6% to 17% annual growth.
Cheers
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
bump
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
Hi Dark Knight
Numbers don't lie… the stats at the rear pages of API mag tell the story.
In some places the performance of regional city fringe suburbs outperform the supposedly awesome "within 10km of a capital city" suburbs, in capital growth, rental yield and low vacancy rate.
No need to believe old fashioned nonsense about having to buy close to the capital cities. You need deep pockets to support the mortgages because the rents sure don't.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Hi Jacqui,
I was lucky enough to buy there before its all started going up, both in the suburb and the surrounding suburbs
just not sure if i should start buying land on delayed settlements and resell for a profit or just keep buyinng houses and units. My concern with land is that there are quite a few blocks in surrounding suburbs so its not hard to get them so i dont think land value will increase to a decebt profitable margin due to so much supply.Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
Hi there,
At this point, in most Capital cities, high demand and low construction approvals are generating increased activity on the property market. On the other hand, the regional areas, with lots of land available, are experiencing a slower rhythm of economic growth. This will change soon, as low affordability makes people shift towards these areas.
Cheers,
Emil
Sunbuild Invest
just not sure if i should start buying land on delayed settlements and resell for a profit or just keep buyinng houses and units. My concern with land is that there are quite a few blocks in surrounding suburbs so its not hard to get them so i dont think land value will increase to a decebt profitable margin due to so much supply.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
