PHOTO: Bendigo, Latrobe Valley. (Source: Getty)
Property experts know that the real value for investors lies not in Australian capital cities, but in regional areas.
In fact, CoreLogic figures show that the most profitable property markets in the last three years have been in areas like Geelong, Hobart, Byron Bay and Ballarat.
According to Ryder Property Research managing director Terry Ryder, there are a handful of regional hotspots that are set to boom – but there’s one in particular he’s been recommending for a long time.
“We’ve been telling our customers for the past two years that the outstanding property market in Australia is regional Victoria,” Ryder said.
He added that several data sources have pointed to regional Victoria as a source of affordable property, good rental yield and great capital growth.
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According to CoreLogic’s latest Pain and Gain report, 97 per cent of homes in regional Victoria sold for a profit – higher than Melbourne (96.6 per cent) and Sydney (92 per cent), and regional Victoria ranks third in the nation in terms of apartments.
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