The Australian property market is dynamic, and over the past few years, we’ve seen significant growth in various regional areas. Many investors are now turning their attention to regional property markets, and Goulburn, NSW, is one area that as well as being close to my heart, is serving smart investors very well. Let me share why I LOVE Goulburn and why we should all be buying there NOW.
Strong Demand
One of the primary reasons why investing in Goulburn is a good idea is because of the strong demand for property in the area. With a population of around 30,000 people, Goulburn has experienced significant growth in recent years, and this trend is set to continue. The city’s strategic location, just 2 hours from Sydney and 1 hour from Canberra, has made it an attractive destination for both investors and residents. This strong demand for property is driving up prices, making it a great time to invest.
Affordable Prices
Despite the strong demand, property prices in Goulburn are still relatively affordable compared to major cities like Sydney and Melbourne. Investors can find good deals on both residential and commercial property, with the potential for strong rental yields. The lower cost of entry makes Goulburn an attractive option for first-time investors or those looking to diversify their property portfolio. Even though Goulburn’s median price has increased by around 40% in the last 2 years, there are still plenty of affordable investments showing decent returns.
Infrastructure Development
The Goulburn region is experiencing significant infrastructure development, which is driving economic growth and creating new opportunities for investors. The city is currently undergoing a $15 million upgrade of the Goulburn Aquatic and Leisure Centre, which is expected to boost tourism and drive demand for accommodation. Additionally, the Goulburn Hospital is undergoing a $150 million redevelopment, creating new jobs and attracting healthcare professionals to the area. Goulburn has the Police Academy, Tafe, Jail, excellent proximity to the freeway and a large population of people who commute to Canberra for work.
Lifestyle Benefits
Investing in Goulburn also comes with lifestyle benefits. The city offers a relaxed country lifestyle, with easy access to major cities and attractions. Goulburn is home to a vibrant arts and culture scene, with numerous festivals and events throughout the year. Additionally, the city is surrounded by stunning natural scenery, including the nearby Wollondilly River and the picturesque Morton National Park.
The regional property market in Australia, despite what the media tells you, is still performing well, and investing in Goulburn, NSW, is a smart move. The city’s strong demand for property, affordable prices, infrastructure development, and lifestyle benefits make it an attractive option for investors. As the city continues to grow and develop, (you can read about projects supported by Regional Development Southern Inland here) property prices are likely to increase, creating opportunities for capital gains and strong rental yields. If you’re looking for a smart investment opportunity, consider exploring the Goulburn property market. And if you need someone with local knowledge, buying experience and positive relationships with only the best Real Estate Agents in Goulburn, then give me a call on 0418 864 435. I’d love to help you love Goulburn too!