Property hotspots: Regional areas to watch

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(Earth is rising over the Moon's Surface), Source: https://www.facebook.com/RealEstateSA5000/photos/a.899877783394135.1073741829.899009183480995/920077631374150/?l=734b9eef72 ======= Property hotspots: Regional areas to watch Danielle Cahill by Danielle Cahill 16 Feb 2016  Buying, Investing, Market data, Regional, Regional Investment Property Property hotspots may be associated with escalating prices and auctions in capital cities, but regional areas aren’t immune to movements in the market. An analysis of data from realestate.com.au shows that there are some towns where active listings have dramatically risen in the past twelve months, in some places by over 300%. Top 10 regional towns for sellers Property data from realestate.com.au from January 2015 to January 2016 shows which parts of regional Australia are really taking off. As the list only includes towns and suburbs located at least 100kms from a capital city that had at least 20 sales, regional areas in the Northern Territory and Australian Capital Territory did not meet the search criteria. MilduraRegional areas are seeing high turnover rates. Best growth suburbs: Beyond 50km of the city So what does this data show us? New developments can boost activity in regional centres just as much as city areas. “ For investors as well, you can buy a home at say the $360,000 and still get good rent. In Huntly in Victoria for example, new housing development has helped attract young families to the area located outside Bendigo. Where as in Barandunda in Victoria, the recent arrival of a retirement village in the area has attracted retirees and downsizers to an area not far from Wodonga. Regional area Increase in active listings (%) Median sold price (All houses) 1. Barandunda, VIC 315% $329,000 2. Dundowran, QLD 143% $390,000 3. Huntly, VIC 138% $359,000 4. Jones Hill, QLD 131% $354,000 5. Heddon Greta, NSW 123% $400,000 6. Marbelup, WA 121% Data unavailable 7. Ashfield, QLD 104% $404,000 8. Cooma, NSW 89% $250,000 9. Dongara, WA 89% $358,000 10. Newton, QLD 80% $320,000 Family-orientated community Baranduda has seen a 315% increase in active listing in the past 12 months mainly due to the area’s proximity to town and the community lifestyle it offers, according to sales professional Lexley Sewell from First National Real Estate – Bonnici & Associates. 35 Whiteley Circuit BarandudaThis four-bedroom home in Baranduda is currently on the market with a guide price of $399,000. Market matters: Commercial investors flock to regional Australia “In ten minutes you are in town (Wodonga) and it’s still growing. It also has got bigger blocks,” she says. “It’s a nice family-orientated area that’s quiet.” “It’s (Baranduda) been quite attractive to retired people as well. Someone can come off the farm and they don’t have to be eave to eave (with neighbours).” Hot stuff: Regional offices in vogue Blocks in Baranduda are typically 1,000 sqm and the country lifestyle appeals to many buyers in the area. Investors can also get great returns. “For investors as well, you can buy a home at say the $360,000 mark and still get good rent (returns),” she says. Prices remain constant compared to big city price fluctuations and many who buy in the area end up staying. Re-drawing the map in Huntly HuntlyThis four-bedroom Huntly property was on the market with a guide price of $449,000, but is now under contract. In Huntly near Bendigo, new homes have created new streets and properties which accounts for the rise in listings in the last twelve months according to Steve Timperley sales agent with Barry Plant – Bendigo. “It’s (Huntly) an old area really, only recently it has become a new home area in Bendigo,” he says. “If you were to Google the streets in Huntly, you’d find some of them just a few years ago, didn’t exist,” he says. “ Everything is booming north of Bendigo. “It’s mostly house and land packages for first home owners. Some people can get in (to the market) for $260,000-$270,000 for 16-17 sqm houses,” he says. Timperley says the affordable housing on offer in the area will, with time, drive prices up. “Demand will stay strong and prices will rise, but it’ll always be cheaper here than in Bendigo proper,” he says. “Everything is booming north of Bendigo,” he says. State-by-state: South Australia 394 Jenkins Avenue Whyalla Jenkins This house in Whyalla Jenkins is currently on the market with a guide price of $279,000. Regional area Increase in active listings (%) Median sold price (All houses) 1. Whyalla Jenkins 50 % $283, 000 2. Whyalla Playford 43% $215, 000 3. Baudin Beach 40% Data unavailable State-by-state: Victoria 2 Curnows Way Strathfieldsaye VicThis Strathfieldsaye home is currently on the market with a guide price of $$20-450,000. Regional area Increase in active listings (%) Median sold price (All houses) 1. Barandunda 315% $329, 000 2. Huntly 138% $359, 000 3. Strathfieldsaye 58% $412, 000 State-by-state: New South Wales 8a Ashton Dr Heddon Greta NSWThis Heddon Greta property is currently on the market with a guide price of $375, 000. Regional area Increase in active listings (%) Median sold price (All houses) 1.Heddon Greta 123% $400,000 2. Cooma 89% $250,000 3. Chisholm 78% $537, 000 State-by-state: Queensland 24 Manchester Court Dundowran Qld This Dundowran home was on the market for $409,000 but is now under contract. Regional area Increase in active listings (%) Median sold price (All houses) 1. Dundowran 143% $390,000 2. Jones Hill 131% $354,000 3. Ashfield 104% $404, 000 State-by-state: Tasmania Regional area Increase in active listings (%) Median sold price (All houses) 1. Elizabeth Town 57% Data unavailable 2. Prospect Vale 50% $323,000 3. Forth 41% Data unavailable