Apr. 03, 2022 at 4:20 pm

These are the top 10 hotspots for property in your region that you should be paying attention to in 2022

admin2 years agono commentAustralia Business Consumer finance PROPERTY Real estate

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Property buyers are now looking beyond the immediate area to take advantage of the rising prices for houses in cities and changing attitudes about remote work.

With only occasional commutes into a CBD office, many potential buyers are weighing up the option of choosing lifestyle over location – prompting the boom in what were once considered fringe regional centres.

Ethos Urban demographer Chris McNeil believes fewer people required in city-based offices will see the expansion – and consequent house price rises – of locations within 200 kilometres of a capital city.

McNeil stated that the “greatest impact of this new work from home paradigm is likely to be an expansion of commuter belt.”

“Periurban living has been a popular choice of many people over the past 20-30 years. However, most periurban dwellers adhere to a 100-kilometre rule. This is the distance they are willing and able to travel to get to work.

McNeil stated that while most of the coast areas and regions are “well-and-truly overgrown”, there are many regional centers that provide infrastructure that is convenient to commuters like high-speed railways.

McNeil, a New South Wales resident believes that the Hunter Valley and Snowy Mountains will be the areas with the greatest growth. Many people from Victoria will move to key towns such as Wangaratta, Mansfield and Shepparton Wangaratta.

Other key hotspots are Toowoomba west of Brisbane and Launceston in Tasmania.

Below is a list of the top spots that Mr McNeil recommends.

McNeil stated, “The remote work option will increase appeal to each capital city, possibly up to 200 km.”

“Not all towns are attractive. People who are looking for a lifestyle that is regional will continue to be attracted to areas or places that offer a lifestyle appeal and are well connected by rail and road to capital cities. They also have a well-established social, cultural, educational and health infrastructure.

McNeil says that although some areas have seen an increase in property prices, most of them have not been discovered by long distance commuters who want more value for their property.

“Most are located inland of the capital cities. McNeill explained that many areas and towns along the coast have been completely reclaimed.”

“Most of these areas already have their converts, support and in some cases, a surge in lot sales and house prices has been evident over the past two years.

“The majority of these areas may not be the center for capital-city dwellers who are looking for a more regional lifestyle.”

Top 10 regional property hotspots to watch in 2022*

Region	Key Cities and Towns	Attributes
North Central Victoria	Echuca, Shepparton, Nagambie, Cobram, Yarrawonga	Melbourne: 1.5-3 Hours River country has a wide variety horticultural and agricultural products Shepparton, the main hub and a wide variety of smaller towns and cities with lifestyle appeal. – Greater rail connections to Melbourne via freeway
North-Eastern Victoria	Euroa, Benalla, Wangaratta, Myrtleford, Bright, Beechworth, Albury-Wodonga	Melbourne: 2 to 3 Hours – Mountains, rolling hills and riverside vines – Strong lifestyle appeal Albury-Wodonga, the major hub. There are many smaller cities and towns, some with strong heritage streetscapes. – Melbourne’s improved rail connections and freeway
Inner Central West (New South Wales)	Bathurst, Orange, and Lithgow	From Sydney, it takes approximately 2 to 3 hours to drive. – Mountains and rolling hills – Heritage streetscapes for major and small towns – Sydney rail and Road connections
Eastern Darling Downs (Queensland)	Toowoomba & Warwick	Brisbane is only 1.5 hours from 2 hours away Toowoomba is a major city and several smaller towns – Rich agricultural region Fly to Sydney, Melbourne, and Brisbane from a variety regional cities
Snowy Mountains (New South Wales).	Jindabyne, Cooma	About 1 to 2 Hours Drive from Canberra Mountain and river activities Lifestyle appeal, especially for those who love outdoor activities Ski slope access
Launceston (Tasmania), Tamar Valley (Tasmania).	Launceston. Longford. Westbury. Evandale. Georgetown. Beaconsfield. Exeter	It takes approximately 2.5 hours to drive from Hobart – Coastline and rivers and mountains, rolling hill, fertile land, wineries – Strong heritage landscapes Melbourne Airport: Regular and direct Air Connection
Barossa Valley (South Australia)	Nuriootpa. Tanunda. Kapunda. Angaston	Adelaide: 1-1.5 Hours Heritage towns and rolling hills Strong lifestyle appeal – Gourmet products and wineries – Relatively good road connections, no direct rail
Avon Valley (Western Australia)	York, Northam and Toodyay	Perth is approximately 1.5 hours drive away – River valley and rolling hills – Historical towns Limited rail service but good road connections
Hunter Valley (New South Wales)	Maitland, Cessnock, Kurri Kurri, Singleton, Muswellbrook, Scone,	Only 35 minutes to an hour from Newcastle, and only 2-3 hours from Sydney – Mountains, hills, rivers, wineries – Main hub (Maitland), with a variety of smaller towns, and townships Lifestyle Opportunities Strong transport links, near Newcastle infrastructure
Upper Goulburn Valley (Victoria)	Yea, Alexandra, Mansfield	Melbourne: 1.5-2 Hours – Rivers mountains lakes vineyards – A variety of living options in rural and township settings Strong lifestyle characteristics

*Chris McNeil, Demographer at Ethos Urban

This website is intended to provide general information only and not to be a source or financial advice. The information was not prepared with consideration of your personal financial goals, financial status, or needs. Before you act, make sure to evaluate the suitability and relevance of the information on this website in light your financial situation, objectives, needs, and goals.

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