Differences between various regional markets

Discussion in 'Property Market Economics' started by Serveman, 19th May, 2022.

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  1. Serveman

    Serveman Well-Known Member

    Joined:
    17th Apr, 2017
    Posts:
    1,413
    Location:
    North West Sydney
    In the last few years many people have bought acreage and houses in regional areas that are of reasonable commuting distance to either a capital city or a larger regional centre. As an example If you take Sydney, you are looking at the Illawarra, Central Coast and Blue Mountains. In Melbourne it’s Geelong and the Surf Coast, Bendigo, Ballarat and Mornington ( Mornington however pretty much part of metro Melbourne now). In Brisbane it’s the SC and GC whereas in Adelaide is still affordable not to have to buy too far out. Maybe Victor Harbour.
    However how comfortable are you investing or buying in areas further out. Just say as an example towns like Armidale and Griffith in NSW, Mildura in Victoria? From a longer term perspective what is the risk profile of investing in these towns or being an owner occupier?