Exploring the vibrant real estate landscape of the Goulburn Valley & Murray Valley
By Deanne Jeffers
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 and Murray Valleys. The region is experiencing a continued boom, revitalised after a tough few years of building constraints and uncertainty.
From the recent analysis by PRD Real Estate on page 31, we discover 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 less than $600,000, 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.
Delving deeper into the market dynamics, we uncover the nuanced realities that define the Goulburn Valley’s real estate terrain. 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, Mooroopna, Tatura, Tallygaroopna, 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 and Murray Valley’s real estate sector.
The Great Estates magazine celebrates the both the joy and significance of procuring a home, and the significant achievements in developing our regional area. We’re proud to present this 31-page magazine that will help you navigate this important, local industry.
