PROPERTY yields are ahead of the market in the Goulburn Valley says leading property agent, Rocky Gagliardi from Gagliardi Scott Real Estate. “Ten to fifteen years ago, financial advisers were steering investors away from the local market due to its slow performance, “he said.
With the impact of the pandemic over the past twelve to eighteen months, people are seeing that regional living is a better option than metro Melbourne and are turning to the region for their investment.
“We are selling and leasing property faster than we are listing them,” said Rocky.
“There is nothing available at the moment in industrial property, for sale or lease.
“Investors are showing greater confidence in regional living and that is giving greater yields for commercial and residential than we previously had, more than the metropolitan area.”
“A lot of new businesses are setting up in Shepparton recently and as a consequence, they are taking up the available space. It’s a good market to be in,” said Rocky.
One positive from the renewed interest is the number of properties with a leased sign being placed on them, better for the owners and with more businesses and government agencies opening up, it is better for the community as well.
