Regional NSW property market continues to buck Sydney trends
The latest research from Terry Ryder, specialist researcher/writer on residential property has shown that regional New South Wales is continuing to act independently of the property market trends overtaking Sydney.
“While Sydney is generally moving into a downturn phase and now has few locations with rising demand, there are growth locations spread across the regions of NSW. Our most research indicates that there are 38 local government areas with growth markets in regional NSW.”
Ryder has previously reviewed the growth of regional areas such as Newcastle and its surrounding suburbs noting them as compelling growth precincts. His research found that suburbs in the City of Newcastle have had very strong price growth (many have risen 20% or more in the past 12 months) and that this region still has untapped growth markets.
Recently the market has begun to shift, with momentum now moving towards neighbouring Lake Macquarie and locations in the nearby Hunter Region (including Maitland, Cessnock, Singleton and Muswellbrook).
“Sales in the suburb of Rutherford in the Maitland LGA have been rising steadily over the past 18 months or so, while Medowie in the Port Stephens LGA has also experienced rising demand, resulting in a 10% annual rise in its median house price.”
These findings support Macquarie Knights’ belief that now is a prime time to invest in the Newcastle property market. Whether you are a first home buyer or investor looking for additional income, Macquarie Knight Constructions are the Investment Property specialists for Newcastle and the Hunter Valley.
Offering a range of investment property services including Single Dwellings, Dual Occupancy, Primary and Secondary dwellings (granny flats) or high growth House & Land Packages, Macquarie Knight have a wealth of experience in the investment market, and with over 30 years of building within the Hunter Valley and Central Coast areas, we consistently deliver strong returns for our Investors and Developers.
Contact us today to discuss how you could build your first investment property for as little as $45.00 a week: firstname.lastname@example.org
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To learn more about Terry Ryder visit his website: www.hotspotting.com.au