Bathurst is an investor hotspot. As a growing regional centre with sound employment and enviable lifestyle, Bathurst has again been listed in the Australian Property Investor Magazine's Hot 100 locations.
Bathurst named as the number one property Hot Spot in NSW by Margaret Lomas on the Today Show March 15 2012.
Capital growth trends and high rental yields are attracting investors to Bathurst. The property market gives exceptional value compared to Sydney, with a mid range residential property priced at $272,000 with returns of 5.6% (RP Data July 2011). Bathurst has experienced an annual capital growth of 8% from 2008-2009 and is returning gross yields of between 5-6% - a perfect combination for long term returns.
House prices have been growing by an average of 8.29% each year over the past 10 years, according to RP Data and Matt Clifton, co-principal of Raine and Horne Bathurst, expects the trend to continue. (Your Investment Property Magazine December 2011)
Bathurst offers a range of property investment options from inner city terraces and semidetached homes to modern housing and rural properties. The primary housing market draws young adults (attracted to education, transport, and employment opportunities) from the surrounding Local Government areas, Sydney and interstate. Charles Sturt University attracts students from around Australia who relocate to Bathurst and require rental accommodation. As a result, rental properties are in high demand, with the average 3 bedroom rental property returning $260-$300 per week.
The importance of the Bathurst Region as a destination for young adults is expected to continue into the future. Growth for this population segment is forecast to be 12.2% by the year 2021. Charles Sturt University is also focused on attracting new students by offering a range of niche courses and by implementing a significant capital infrastructure program. In addition, new residential development opportunities in areas, within minutes of the CBD, such as Abercrombie - Llanarth, Eglinton, Kelso (North) - Laffing Waters, and Windradyne will drive an increase in family numbers to the area. Significant new greenfield residential opportunities have been identified in these suburbs as well as in Kelso (South) and Mitchell - Robin Hill - Mount Panorama.
Bathurst presents industrial and commercial investment opportunities for the investor, with new businesses being attracted to the area's strong economy and vibrant lifestyle.