Just days after our Mudgee Real Estate Market Report, we find out that Smart Property Investment magazine is naming Mudgee as one of the top 50 Australian suburbs/towns likely to experience large growth in 2012.
New South Wales as a whole is earmarked for big things this year, mostly due to regional mining I would say, but what really needs to be focussed on in the wake of this article, is that more investors are needed in these growth areas, to cope with the demand for rental properties.
If Mudgee’s population is to grow by the reported 25 percent, then there’s going to be massive pressure on the housing market. It will be interesting to see if the likely shortage in rental properties flows over to an increase in sales here in Mudgee, and whether those sales come from independent mum and dad investors or investor groups looking to capitalise on the region’s growth.
It really was great to read the article in the Mudgee Guardian about the growth and the opportunity that brings with it. It affirms our belief that the Mudgee property market has potential to grow, especially in the investment sector, and definitely helps to promote the area as a real estate hot spot for 2012.
Pick up the February edition of Smart Property Investment magazine at one of Mudgee’s newsagencies today.