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Ready, Set, Go Regional 2018

The PRD ‘Ready, Set, GO Regional 2018’ report is a timely ‘go to’ guide for home buyers and investors on affordable options outside of capital cities. The report highlights regional areas in Queensland, Victoria, New South Wales and Tasmania that not only highlight house price affordability, but also show promising growth indicators for local jobs and a sustainable economic future.

In selecting ‘Regional Hotspots’, 5 selection criteria were used:

  1. Affordability - affordable locations are deemed as areas which have a median price below the maximum affordable property sale price (average state loan + 20% deposit)
  2. Property trends – to ensure statistical reliability the area must have 20 transactions or more in 2016 and 2017, with positive price growth within that time period
  3. Investment – the area has on-par or higher rental yield than the closest capital city, as well as on-par or lower vacancy rate compared to the closest capital city
  4. Project development – the area has a high estimated value of future project development, with a higher concentration of commercial and infrastructure projects to ensure a positive economic outlook
  5. Unemployment rate – as of ABS Census 2016 the area must have on-par or lower unemployment rate than the state average, to ensure there is local job growth

The research findings show 12 key regional locations that met the selection criteria and were deemed to be affordable areas with solid foundations for sustainable future growth.

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Read the full report

PRD Ready, Set, Go Regional 2018.pdf