Armidale NSW Property Market Outlook

Simon Pressley — Fri, 15 May 2015 07:05:21 +0000

Essential infrastructure, a diverse economy, youthful demographic, beautiful environment, capital growth over the last ten years comparable to the Australian average, rental yields miles ahead of capital cities, and an entry price for 3-bedroom houses of circa $300,000: frankly, property investing rarely gets better than this! If I was to say that the above description related to a specific suburb in any capital city an instant hotspot market would be created. But as soon as the same description is attached to a regional city location, in this case Armidale in regional New South Wales, eyebrows will be raised with concern. Such is the psyche of property investors. With a population of 25,000 people, Armidale is a city in the Northern Tablelands of New South Wales. Located approximately half way between Sydney and Brisbane, Armidale is a business hub in the New England region. It is accessible via daily services direct to Sydney by both air and rail. The University of New England is a major employer. Built around a historic mansion it contributes to Armidale’s position as a city of culture and diversity. The university has strong links to the rural community (especially sheep), and also offers courses in technology and medicine. In addition to agriculture and education, tourism is an important staple for Armidale’s economy. The region is full of scenic beauty and scientific interest including several World Heritage listed National Parks. The Australian Wool Fashion Awards, which showcases the use of Merino wool by fashion designers, are hosted by Armidale in March each year. “Sydney or Melbourne, inner-city or suburbia, house or apartment, near the train station or the cafes?” These questions are typical considerations of an amateur investor. Whether we call it short-sightedness or a creature-of-habit mentality, it’s the most common cause of property investors not realising their full potential. As for those raised eyebrows and perceived risk associated with investing in regional locations, take a close look at the gradient of the lines for median property value change. The consistent price growth of Armidale dating all the way back to 2002 shows a history of steadiness and a distinct lack of volatility which puts every single Australian capital city to shame.

The post Armidale NSW Property Market Outlook appeared first on .

Top regional areas by depreciation activity

Bradley Beer — Mon, 13 Apr 2015 06:48:05 +0000

As Australia’s leading tax depreciation specialist, we’ve released data which suggests rural and regional locations across Australia have experienced bumper property investment activity during the recent 2013-2014 financial year. Point Pirie in South Australia lead the nation with a 169 per cent increase in the number of tax depreciation schedules requested during the period, while New England in New South Wales rose 89 per cent and Victoria’s Oven region grew 58 per cent. Though such a result may appear counterintuitive, these increases may be owing to the cheaper house prices and higher rental yields found in such location. With many capital cities experiencing considerable capital gains over the past few years, some investors appear to be seeking out alternate market segments in order to enter the market faster and at a lower price while still realising a solid return. The increases in individual rural and regional locations significantly outpaced the state-wide average activity growth found in South Australia (20 per cent), New South Wales (23 per cent) and Victoria (19 per cent). The South Australian wine region of Riverland came in second nation-wide by increasing 141 per cent. The New South Wales south-coast city of Nowra achieved a 64 per cent increase. Tasmania’s North-East region rose 46 per cent despite greater Tasmania not actually experiencing an increase at all. Queensland’s Logan City between Brisbane and the Gold Coast, three quarters of which is covered by wooded vegetation, moved up 66 per cent while greater Queensland achieved just 19 per cent. We’ve found that these types of towns and regions have been generating investor interest for more than just the past financial year, with Logan City in particular steadily transforming into a vibrant hub of investment activity. These locations present a unique opportunity for investors willing to think outside the box and take advantage of regions able to still provide returns but at a much lower cost of entry. Top 7 regional areas by depreciation schedule activity Point Pirie South Australia+169% Riverland South Australia+ 141% New England New South Wales+89% Logan City Queensland + 66% Nowra New South Wales + 64% Oven region Victoria+ 58% North East region Tasmania + 46% This article was first seen on Smart Property Investment

The post Top regional areas by depreciation activity appeared first on .

» regional Australia

Armidale NSW Property Market Outlook

Top regional areas by depreciation activity