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Australia’s regional and rural property sectors are showcasing strong growth and good investment opportunities, Colliers International’s Beyond the CBDs event in Sydney revealed yesterday.
Malcolm Tyson, Colliers NSW chief executive, who chaired the event, said regional Australian property could claim a growth rate similar to that of capital cities and with it representing more than a third of Australia’s population, he said it was “not going unnoticed by investors”.
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Colliers national research director Rory McLeod said there were now many robust regional centres across the country, as a result of the hard and soft commodity booms, offering strong opportunities for both residential and non-residential investment.
“Most have fairly diverse economic bases and represent safe, solid, secure and attractive investment opportunities for investors that want to get ahead of the curve,” he said.
Mr McLeod said the fastest growing regional centres in the country were the mining areas of the Bowen Basin in Queensland and Port Hedland in WA.
Published: 27-08-08
