INVERELL PROPERTY MARKET ANALYSIS
Now is the ideal time to invest in the Inverell property market with strong capital growth and yield present across many residential properties. As the envy of its regional counterparts, Inverell’s market offers investors and first home buyers an opportunity to secure their financial futures without relying upon a volatile and risky property market present in Australia’s capital cities. Australia’s leading real estate website, realestate.com, ranks Inverell within the top 5 performing suburbs in the country for annual growth on properties listed between $200,000 and $250,000. This is fantastic news for investors with a median residential property price of $245,000 yielding 6.2% per annum. These above average results offer a far better return on investment than traditional low-risk investments and are ideal for self-managed super funds or the smart investor seeking profitability and security at a minimal cost. With blossoming infrastructure, sound rental demand and strong capital growth, there has never been a better time to buy or build in Inverell.
Fast Facts for the Smart Investor*:
What People in the Know are Saying:
In regional areas, spending was fastest in NSW (4.4 per cent) and Victoria (4.1 per cent), with Walgett NSW (28.7 per cent), Yarriambiack, Victoria (21.0 per cent), Gannawarra in Victoria (20 per cent) and Inverell in NSW (19.9 per cent) the fastest growing regions in the country.
Look for a big kicker: something big that’s going to occur in the area, which will guarantee growth. This could be an airport under construction or a new hospital. When there’s infrastructure plans in place, it is a positive sign that population growth and price increases are going to continue.
“For a decade, Inverell has been demanding a new hospital that recognises their enviable position as fastest growing town in the region. Now they’ve got it.”
“This will be the pinnacle for healthcare in the region and greatly improve the delivery of health services for locals. It will mean that those close to Inverell won’t find themselves having to travel for essential services….it will help the rapidly growing town of Inverell attract the specialist doctors”
* Data is based on median figures presented by ‘realestate.com’. Forecasts are made on the basis that these figures remain the same indefinitely, to which no guarantee is provided. Potential investors should seek advice from their financial advisors before committing to the purchase of property in the Inverell Shire. Council is not accountable for these figures and accepts no responsibility for purchases based on this data. Data current on realestate.com as of 22 June 2017.
** Population figures are based on data presented by the Australian Bureau of Statistics from 2011-2015. Council accepts no responsibility for the accuracy of these figures.