Regional housing pricing in Australia, Part One – Victoria
In the first of a new series of posts concerning the affordability of Australia's diverse property market, Sarah Spencer takes a look at the state of Victoria...
With the average house price in Sydney topping AU$1,100,000 is it time to consider a position in one of Australia’s regional cities?
By the end of 2016, Sydney’s median house price climbed to a record $1.1 million with Melbourne not far behind at $795,447. Over the next few weeks we will be looking at Australia’s most affordable regional areas starting with Victoria.
Ballarat is an hour and a half’s drive from Melbourne’s CBD and is Victoria’s largest inland city with a population of around 100,000. The median house price in Ballarat is $320,000 and the city has continued to see positive growth and it is expected that $211 million in new development will commence there this year.
Ballarat is a beautiful city; multicultural, sporty and an arts hub. With over 30 schools; some of them the best in the state, two universities, public and private hospitals and state of the art sporting facilities it is an attractive location for both professional families and young singles.
An hour and a half from Melbourne, Bendigo is the fourth most populous city in the state and its median house price is a very affordable $325,000.
Bendigo is a vibrant contemporary regional centre, boasting beautiful streets created from one of the world’s greatest gold rushes. This coupled with a vibrant energy and sublime food, wine and shopping experiences makes it a mecca for those seeking a great lifestyle without the capital city price tags.
Just over two hours from Melbourne Shepparton is home to about 70,000 people. With a median house price of $272,000 the region is experiencing a surge of $260M in new developments this year.
Shepparton is synonymous with great food, wine, waterways and weather! Sitting on the junction of the Goulburn and Broken rivers, and surrounded by rich agricultural land, it provides residents a perfect choice of either a provincial or a metropolitan lifestyle.
To find out more about a career in Victoria’s regional cities contact:
Sarah Spencer for General Practice opportunities; firstname.lastname@example.org
Eunan O’Brien for Consultant and Specialist opportunities: email@example.com
To find out more about living and working in Australia, read our handy GP Guide.
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