With recent statistics showing a fantastic growth increase across Newcastle apartments within the past 12 months, 21.3% to be exact – it is no wonder people are diversifying their portfolios and adding more ‘regional’ locations as opposed to the ‘Big Five’ capitals cities, Sydney, Melbourne, Brisbane, Perth and Adelaide.
The Regional Australia Institute’s latest information confirms that city population size does not determine economic performance. There is no significant statistical difference between the economic performance of Australia’s big five metro cities and its 31 regional cities in historical output, productivity and participation rates.
So, regional cities are as well positioned to create investment returns as their ‘Big Five’ cousins. The same rules apply – investment that builds on existing city strengths and capabilities will produce returns.
No two cities have the same of anything. However, regional cities do fall into four economic performance groups – gaining, expanding, slipping, and slow and steady. This helps define the investment focus they might require.
There is a $378 billion potential, but Australia’s capacity to harness it will depend on achieving two major goals.
- Number 1, shifting the tunnel vision that the smart money invests only in our big metro cities. This is not correct. Regional cities are just as well positioned to create investment returns as their big five cousins.
- Number 2, regions need to get “investment-ready” for success. Meaning they need to be able to collaborate well enough to put together an informed set of shared priorities for investment, supported by evidence and linked to a clear growth strategy that builds on existing economic strengths and capabilities. They need to show they can deliver.While there has been a lot of debate on the relevance and appropriateness of City Deals in Australia, it is mainly focused on the Big Five. But both big and small cities drive our national growth.
With up to 6.5 billion dollars underpinning Newcastle’s rebirth as a world class and well respected heavy hitter in the investment world, the Revitalise Newcastle campaign over a 3 year period will prove to the masses as to why the time is now to get serious about investing into the city of Newcastle. With the help of Luxland along the way, we can help you access stock that enables you to make money from day one through our well structured process – ‘The Luxland Way’. Contact our Buyers Agent division today to start the journey and grow your future – firstname.lastname@example.org