{"id":20592,"date":"2018-03-18T01:00:37","date_gmt":"2018-03-17T14:00:37","guid":{"rendered":"https:\/\/www.realestatetalk.com.au\/?p=20592"},"modified":"2018-03-18T01:00:37","modified_gmt":"2018-03-17T14:00:37","slug":"39-affordable-locations-simon-pressley","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/39-affordable-locations-simon-pressley\/","title":{"rendered":"39 affordable locations \u2013 Simon Pressley"},"content":{"rendered":"

So many people believe it\u2019s just unaffordable to buy property in Australia.\u00a0\u00a0 Well Simon Pressley<\/strong> from Propertyology has just released a report detailing 39 locations around Australia where the median house price is below $400,000. Surely, that is affordable.
\nTranscript:<\/strong>
\nKevin:\u00a0\u00a0<\/strong>So many people tell me that it\u2019s just unaffordable to buy property in Australia. Well, I\u2019m going to put something to you now that\u2019s the result of some research that was done by Propertyology, and joining me to talk about it is Simon Pressley from Propertyology.
\nSimon, let\u2019s talk about this, because we\u2019re talking here about 39 locations from around Australia where the median house price is below $400,000. Surely, that is affordable.
\nSimon:\u00a0\u00a0<\/strong>If you can\u2019t afford that, I don\u2019t think you\u2019re in a position to be buying property; you just need to get back to saving. But that\u2019s a lot of choices, isn\u2019t it?
\nKevin:\u00a0\u00a0<\/strong>It certainly is. There\u2019s a great report that I\u2019ll tell you about that you can get access to on the Propertyology website, and we\u2019re going to tell you about the areas and the states where you\u2019ll find these. But just before we do, Simon, can I ask you, what was the criteria you used to identify these?
\nSimon:\u00a0\u00a0<\/strong>What we did is, I guess, motivated by Sydney and Melbourne now having several consecutive months of price declines, and that\u2019s being reported as if property markets are struggling nationally. They\u2019re not. So, we came up with a list of 39 locations with a median house price of $400,000 or less, so it ticks the affordability box.
\nThey all have diverse economies, so we\u2019re not talking one industry, local beach chalets, or mining towns, or anything like that. They all have essential infrastructure. They all have good quality lifestyles, whether it\u2019s sea change, tree change, all sorts of lifestyle features. They all have increasing demand for housing \u2013 this is the kicker, increasing demand \u2013 for housing because of very much improving economic conditions.
\nThe time to buy, to invest in a market, is before the growth cycle starts.
\nKevin:\u00a0\u00a0<\/strong>Absolutely. One of the points you mentioned there, one of those criteria, lifestyle is something that I think we tend to overlook. With an aging population, the ability to go and live in a very affordable area with a great lifestyle is something that I think a lot of people who live in the city tend to overlook.
\nSimon:\u00a0\u00a0<\/strong>Absolutely, they do. Perhaps a lot of the capital city folks have never lived anywhere other than the capital city. And this is Australia\u2019s fault for not doing more to promote regional Australia.
\nThe facts are that one in three Australians choose not to live in a capital city. Propertyology gets out to these regional markets every year all throughout the year, and it\u2019s common that they say to us that the capital city folks are the ones who are the strange ones \u2013 living in expensive cities, long commutes to work, lots of stress. And when you go to these places, you understand what they\u2019re saying; they do have a really good quality lifestyle.
\nKevin:\u00a0\u00a0<\/strong>Another point, too, is renovation. Some folks wouldn\u2019t think twice about spending $400,000 on a renovation, and that can actually buy you a property in one of these locations.
\nSimon:\u00a0\u00a0<\/strong>Yes, that\u2019s right. Especially those in Sydney or Melbourne where trade labor is expensive and properties are expensive. They\u2019ll build a new kitchen and add a bathroom or a bedroom for a growing family and before they know it, they\u2019ve spent $400,000. In large parts of regional Australia, for that $400,000, you\u2019ve got a quarter-acre block in a beautiful, quiet neighborhood and a really good quality three- or four-bedroom house.
\nKevin:\u00a0\u00a0<\/strong>Let\u2019s have a look around the country. Was it in all states? Did you find them in every state of Australia?
\nSimon:\u00a0\u00a0<\/strong>We did. 39 locations, at least one in every state. The Northern Territory only has the one but it\u2019s still featured, that being Katherine. But it was quite widespread. Queensland and New South Wales both had nine locations, South Australia had five, Tasmania had four, Western Australia had three, and Victoria had eight. So, plenty of choices right throughout the country.
\nKevin:\u00a0\u00a0<\/strong>Can you name some of them for us?
\nSimon:\u00a0\u00a0<\/strong>I\u2019d love to. In no particular order, Western Australia has places like Albany, a strong port city with a great seaside location in the southern part of the state. Also Busselton, and in the Midwest, Geraldton.
\nIn Victoria, places like Ararat that have already performed reasonably well. There are property markets like that. Ballarat is also a strong market, a real one to watch in the next few years, and Bendigo. Both Bendigo and Ballarat have populations of around 100,000, so they\u2019re really strong regional cities.
\nWhere else have we got? South Gippsland has a strong agriculture sector, and agriculture features a lot in our list of 39. It is officially Australia\u2019s most improved industry over the last 12 or 18 months, and we expect that to stay strong for quite some time. Wodonga as well is in Victoria.
\nQueensland, in no particular order, we have places like Ipswich, Logan, and Moreton Bay on the outskirts of metropolitan Brisbane, but up and down the coast, we have places like Mackay, Rockhampton, Townsville. We\u2019ve spoken a lot about Cairns in the show already; really exciting outlook for the Cairns\u2019 economy. And let\u2019s not forget Toowoomba as well in Queensland.
\nNew South Wales is expensive. Regional cities like Newcastle and Wollongong are still among Australia\u2019s top six most expensive cities, but you get further up and down the coast and then especially inland and you have lots of places, like Tamworth. Armidale, officially Australia\u2019s highest regional city and a strong agriculture and university precinct. You also have Dubbo, which has had several years of really strong economic performance. Griffith, another really strong agricultural precinct.
\nSouth Australia: most of South Australia\u2019s population lives in Adelaide, but we suspect that Port Augusta is going to perform quite strongly over the next few years. Port Lincoln has some potential as well.
\nLet\u2019s not forget Tasmania and its strong economy. Burnie, Devonport, and Launceston all have a healthy outlook, and a typical property is between $250,000 and $350,000.
\nKevin:\u00a0\u00a0<\/strong>Just talking about Tasmania for a moment, too, I will mention again that you were the first person to identify Hobart and its potential, and that was quite some years ago.
\nI think there\u2019s a lot of really good information behind this report, and you can see all of those areas and the evidence behind that in the report on the website at Propertyology.com.au.
\nI want to thank you very much for spending some time with us again and for letting us know about this report and these areas. Very interesting. Thanks for your time.
\nSimon:\u00a0\u00a0<\/strong>Thanks, Kevin. We\u2019ll be talking soon. I have some great jobs data to share with you next time we have a chat.
\nKevin:\u00a0\u00a0<\/strong>Okay. I look forward to that. Thank you. Simon Pressley from Propertyology. Thanks, mate.
\nSimon:\u00a0\u00a0<\/strong>Talk then.<\/p>\n","protected":false},"excerpt":{"rendered":"

So many people believe it\u2019s just unaffordable to buy property in Australia.\u00a0\u00a0 Well Simon Pressley from Propertyology has just released a report detailing 39 locations around Australia where the median house price is below $400,000. Surely, that is affordable. Transcript: Kevin:\u00a0\u00a0So many people tell me…<\/p>\n","protected":false},"author":176692471,"featured_media":20593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,36,22,25],"tags":[101],"class_list":["post-20592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-research-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\n39 affordable locations \u2013 Simon Pressley - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/39-affordable-locations-simon-pressley\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"39 affordable locations \u2013 Simon Pressley - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"So many people believe it\u2019s just unaffordable to buy property in Australia.\u00a0\u00a0 Well Simon Pressley from Propertyology has just released a report detailing 39 locations around Australia where the median house price is below $400,000. 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