Whether you are a first home buyer, looking to expand your property portfolio, or a new place to call home, you are spoilt for choice across the Goulburn Valley.
The region has experienced a continued boom, revitalised after a tough few years of building constraints and uncertainty due to the COVID-19 pandemic and other global events impacting materials and workforce.
An analysis by PRD Real Estate this year uncovered that Greater Shepparton proudly stands among Australia’s top 10 affordable regional areas for real estate investment in 2024. With a median house price of $500,000 in the Q1 2024, this vibrant city offers hope to first-time buyers seeking respite from Melbourne’s soaring prices, marking a significant milestone in the region’s journey toward sustainable growth.
In the first quarter of 2024, house sales in Shepparton surged, by 21.1 percent (to 184 sales), indicating robust demand that provided a buffer against the cash rate hikes.
Despite the challenges posed by external factors such as interest rate fluctuations and supply chain disruptions, the residential property market has exhibited remarkable resilience. From the steady trajectory of median price increases in Shepparton, Kyabram, and Echuca to the enduring demand for rental properties amidst housing shortages, the region’s housing market paints a picture of unwavering stability in the face of adversity.
Looking ahead, the horizon brims with promise as economists predict potential interest rate cuts and a resurgence of consumer confidence. With newfound optimism guiding our course and an abundance of titled land and developments under construction, we anticipate a surge in residential market activity and new home constructions, signalling a bright future for the Goulburn Valley’s real estate sector.
