This week I have been travelling through Regional NSW and spent time in Tamworth and Armidale. Two cities with a lot to like.
Firstly we dissect what’s going on in Tamworth. Just a quick overview of Tamworth it’s 415km north-west of Sydney.
Currently 65000 immediate population, 200,000 Greater population for the District. 1,000,000 plus sqm of Commercial Industrial Land under development – Creating 5000 – 7000 Jobs.
There’s the New University Going in – University of New England.
The Tamworth Airport has the most blue sky flying days of any Airport on the Eastern Seaboard. It’s been identified as being Ideal for pilot training.
There’s a new Airline coming – Bonza – offering flights to Melbourne and the Sunshine Coast.
Tamworth has outstanding Sporting and Education facilities, all it’s Dams are 100% full.
Now to the properties there is a Vacancy rate on rental properties less than .05 of 1 %
Capital Growth 40% for the last 2 years but there’s plenty more to come.
We then check out what’s going on in Armidale – A population of just over 30,000. Brilliant Education with University of New England and an array of Public and Private Schools.
Highlights – Solid Rental Pool with good yields, great transport links with Armidale strategically placed at the junction of the New England Highway and Grafton Road it likes with the Pacific Highway at Raleigh near Bellingen.
NSW Translink runs a daily rail service from Arimidale to Sydney and Sydney to Armidale.
Other notables are the Metz Solar Farm, the Walcha Energy Project and the upgrades to the airport and hospital.
Median prices in Armidale $300,000.
As usual I provide stories from my travels to give you the real sense of what is happening in these communities. We believe both cities are poised for continued growth. Remember we told you so…