Regional values, liveability at risk from suburbanisation
Australia’s in-demand regional towns are at risk of house price depreciation if they become carbon copies of major cities’ outer suburbs, as residents continue to prioritise lifestyle over inner urban locations and investors are attracted to higher rental yields outside of the big cities.
Glen Junor in Gisborne, Victoria has been hailed as an exemplar of rural development. Photo: Hatch RobertsDay
Australia’s in-demand regional towns are at risk of house price depreciation if they become carbon copies of major cities’ outer suburbs, as residents continue to prioritise lifestyle over inner urban locations and investors are attracted to higher rental yields outside of the big cities.
The migration phenomena that picked up over the pandemic has town planners and developers grappling with the challenge of providing housing and amenity for the…
