Congratulations to The Shepparton Adviser on 10 years of ‘Our Goulburn Valley’ – a great contribution to our region.
Looking back to 2014, it is interesting to see what has changed in our regional economy and property markets over the intervening period. Our region has shared some significant challenges (such as the pandemic) with the rest of Australia, whilst we have also endured some unique challenges, such as floods. Despite the volatility of events beyond our control, our region has continued to grow and move ahead, constantly adapting to lean into new opportunities. Overall, in 2014, we saw the region and the country continuing to rebuild and consolidate after the Global Financial Crisis that began in 2008. In 2014, the RBA Cash Rate was 2.5 percent, and it is now at 4.35 percent.
In 2014, the median price for Goulburn 1A high reliability water entitlement was $1,350 per megalitre, and it is now $4,000.
The population of Greater Shepparton in 2014 was estimated at 62,500, and it is now estimated at 69,200.
The median house price in Shepparton was around $250,000, and it is now about $475,000. The median house rental price was about $265 and it is now $450 per week.
The Goulburn Valley has certainly been a great place for our own business, with staff numbers growing by more than 50 per cent since 2014. With such a diverse economic base and growing population, the Opteon Property Group are very optimistic about the next 10 years in the region.
