Yeah its not the ASX hey...long term.
TC touched on this earlier....rural/regional property investing is no different in dynamics only that as the wave of investment activity derives mainly from the capital cities then slowly but surely floats almost all boats.
You also have the biggest demographic retiring right now and for many years to come. Now does anyone think they will all stay in their communities they worked in and spent most of thieir lives in.
No, many will "escape" to the country where the air is sweet and the traffic/noise/hassels/crime is far far less and the lifestyle perfectly suited to retirement.
fair enough the larger towns to me are the obvious pick as far as investment go, but many smaller towns are merely satellites of these larger and therefore less "risky" locations.
Take for example a person who lived all their life outer suburbs SYD and commuted to the city every day, took up to or over 1hr.
Go to say Quirindi or even Gunnedah and you are within 40mins of Tamworth, major regional centre with all the tricks and will only get bigger.
I only have to look at a map of the US and see all those major cities the size of our capitals dotted all over the shop and see the future we are heading for regarding this.
NSW has only 3 major regionals outside of SYD/NEWIE/GONG which are
Tamworth, Dubbo & Wagga.EDIT: I should say west of the Great Dividing Range, sorry to Muswellbrook & Singleton.
There is so much mining planned to happen right across the state and from each of theose locations you are only half a day drive or no more than 1hr flight to SYD.
I reckon many city folks need to go for a long drive (over 1hr...LOL...but anyway) and have a look around.
I remember reading or talking about (not sure if here or elsewhere, but) some folks from the city cant go past the metropolitan limits as they are too scared of open space....WOW...!!!
The game has not changed at all.