Real Estate investment is a popular choice with approximately 1.9 million of our population of 23 million own one or more investment properties. An outline of reasons we have seen an increase in property as a source of financial investment as explained by Real Estate Investar are:
Change in foreign investment laws
An increase in building approvals
Increase in property value
Rising number of self-managed Super Funds
Tax deduction opportunity
Batemans Bay – property and investment growth potential!
Locally, the South Coast NSW is a popular choice of location for property investment with Batemans Bay recently ranked in the Top 3 locations to purchase an investment property. The latest Residex Predictions Report included 109 Australian suburbs with growth prediction over the next eight years to be between 5.1% and 8.4%.
Changes that are providing positive impacts on property prices in Batemans Bay include the continual growth to infrastructure. Such as the connection of the NBN, opening opportunity for business, health and education. Improvements to roads, such as the replacement of the two-lane bridge at Batemans Bay. The widening of the Princess Highway at several locations between Wollongong and Bega, and improvements to the Kings Highway from Canberra.
The township itself has experienced a face-lift over the last 6 months. The Eurobodalla Shire Council are committed to improving the towns centre, spending $1.6m to upgrade sections of North and Orient Streets. This growth and improvement will have a positive impact on tourism, employment opportunity while improving services to residents.
Location, location, location!
Batemans Bay is a truly beautiful location, where you can purchase a property that hosts both mountain and water views. A quiet country cottage or a breathtaking beachfront property – a stone’s throw from the CBD. Batemans Bay is the ideal investment property location. Not just for the great lifestyle, but the potential in property growth and investment return as well.