Seven rural suburbs investors should watch
Strong rental returns for investors, falling crime rates and diversified economies are just a few of the catalysts luring potential buyers.
The Evocities program, a federal and local government supported incentive scheme, aims to build up some of the NSW’s largest rural centres – Albury, Bathurst, Orange, Tamworth, Armidale, Wagga Wagga and Dubbo.
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Employment is the biggest obstacle in encouraging metropolitan Australians to relocate to inland rural towns, according to PRDnationwide research.
According to the report New South Wales Inland Cities, the scheme relies on major corporations relocating their head offices to inland towns.
"The main issue of employment remains on top of the agenda for both councils and residents in country areas," said research analyst Oded Reuveni-Etzioni.
"Remoteness from Sydney was a secondary concern, mainly because residents who felt that moving to a regional city will not meet all their entertainment needs," he said.
"It is exacerbated by inefficient passenger rail links and by regional airports that offer limited flights to the capital cities," he said.
