Leading economists are predicting that regional hubs are going to outperform capital cities in the next 5 years!
What is a regional hub? It is a regional town that has more than one industry. It has a diversified economy and in a sense are a mini capital city.
It is believed that regional areas with in-demand industries will outperform the cities in property price growth over 5 years.
But what will happen to the cities? Their prices will remain high however they will stabilise which will not see much growth for investors.
What does this mean if you are property investor? For your next purchase do you research and look for regional hubs that have multiple industries. Regional hubs that have not already inflated in prices and are within reasonable access of a major city. Look for good infrastructure already existing or proposed. Does it have a university and good public transport. Is there signs of population growth.
Before you start looking it would be best to speak to us about your home loan borrowing capacity. We can look at how much deposit you will need and how high you can purchase. There is also property profile reports we can provide to you.
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