Beyond the big smoke

Growing city: Sydneysiders have been told about the affordable real estate at Dubbo and other regional cities. File photo. Sydneysiders are being presented with more reasonsto move to Dubbo and other regional centres.

Domain has recentlyhighlighted regional centres to its readers and at the heart of the message is affordable real estate.

The Sydney median house price of$1,021,968 will now buy at least two homes with cash left over, and sometimesthree, in other areas.

“And they’d be much better quality residences, generally newer and bigger, close towork with the maximum commute of about10 minutes and with plenty of coffeeshops, restaurants, good schools and excellent medical services nearby,” says RodKendall, Wagga Wagga mayor and spokesman for Evocities, the organisation of Dubbo and likeregional cities encouraging Sydneysiders to make the move, and with a $10,000relocation grant thrown in.

“People are moving not just because of affordability but also liveability.

“The biggesthurdle they face is just their own preconceptions of what our cities are like.

“They’renot hick villages in the middle of nowhere; they look more like a suburb of Sydneywith all the facilities and job opportunities, but few of the hassles.”

Domain Group chief economist Dr Andrew Wilson saysmany people are looking towards pastures greener, with affordability the major driver.

“There’s such abig price differential,” he said.

“Together with low interest rates and the perceptionof good value, as well as good price growth in most, they can look very attractive.”

People often arrive as tourists to see the open plains zoo, and then start looking atproperty in the Evocity of Dubbo, astonished by the value on offer, Ray White agentKatie Harley says.

“Dubbo has fantastic health and education services and a greatlifestyle,” she said.

“There’s lots to do, the river is beautiful, there are loads of sporting and communitygroups, and homes are very well priced.”

Orange, Mudgee, Maitland, Port Macquarie, Coffs Harbour, Nowra, Wagga and Tamworth were also highlighted.

Domain isowned by Fairfax Media.

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