Ballarat ranked as Victoria's top regional performer 2018
- By Peter Gordon
- •
- 26 Feb, 2019
Ballarat was the top major city regional performer with 12 percent annual house price growth in 2018, according to the REIV. It out performed Greater Geelong which recorded 10.8 percent annual house price growth.
Ballarat is Victoria's third largest precinct, only one hour from Melbourne and has a population of just over 100,000 people, with around 27 percent in rental accommodation
Ballarat has been on the radar of buyers with low land prices and full turnkey house & land packages starting from $410,000.
This connected regional city has the benefit of a new express train service opening late 2019 with those who commute to Melbourne seeing the trip take around 60 minutes.
Increasing numbers of new residents to the city has been fueling demand with Ballarat experiencing 28 percent group within the past 24 months due to growing employment opportunities and the regional lifestyle appeal it offers to many city dwellers.
There's been a heightened infrastructure spend with the Victorian Government spending billions including rail upgrades, relocation of government departments and the hospital refurbishment.
"This can be measured by population growth, employment growth and perhaps even tourism growth. These three measures have performed very well in the past four years and as a result the prestige market has also shown significant growth. With further growth in these areas forecast as well as additional local and state government spending, we consider the future growth prospects for the market to be strong".
Full Article Property Observer 20 January 2019 https://bit.ly/2Mre3MR
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| Quiet simply, the Palms is the place to buy! |
Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.