Local and foreign property investors are continuing to look for investments in and around the regional areas of New South Wales, which has seen price growth in some areas outperform Sydney price growth for the past 12 months.
Popular destinations like Wollongong and Newcastle with their existing infrastructure and relative closer proximity to Sydney are proving increasingly popular with investors. The Greater Wollongong area has seen price growth of 15.5 per cent to July, and Newcastle’s grew by 13 per cent as compared with Sydney’s growth of 7.2 per cent over the same period.
Investors looking to combine a property investment with a lifestyle holiday house and future retirement option, have created a strong result in and around the Byron Bay area of the Northern Rivers with price growth of 14 per cent for the past 12 months to July.
Channel 9’s The Block Winners Josh And Elyse Demonstrate What’s Possible When You Combine Location, Good Design, Style, A Renovating Budget, Millions Of Viewers And Two Motivated Buyers At Auction
First time renovators and the Block’s glamor couple Josh and Elyse have turned a recycled house into a $3 million plus family home masterpiece in the heart of Melbourne’s bayside suburb of Elsternwick.
The winning property at 46A Regent Street, Elsternwick was eventually bought by comedian Dave Hughes as an investment property for now, with the potential of becoming their family home in the future.
“It’s a good street, it’s going to be a great street forever,” said Hughes after it was revealed he was the surprise purchaser. “Obviously it’s a lot of money but I just think that area is going to continue to improve, even though it’s already really good.
The Block’s reality TV format makes it a ratings winner with viewers and demonstrates what’s possible when you have the ability to put all of your time and energy into a renovation.
However, given most of us live in a different reality where the need to juggle work, family commitments and everything else is paramount; rather than simply delaying your next property investment – why not talk to us and find out how we can take care of many of the time-consuming property investing tasks for you.