Stamp duty reform has made it possible for first homebuyers to enter the market for less — but these suburbs offer far more than an attractive entry price. 👇
InvestorKit founder and head of research Arjun Paliwal said affordability was a key driver for first home buyers looking to crack the market but there were a range of other factors that should be considered.“As a first homebuyer, you want to look for markets that are affordable, have housing supply shortages which will lead to capital growth, in addition to offering a great lifestyle and infrastructure pipeline, as this combination demonstrates growth potential,” Mr Paliwal said.
“Surrounding this are the waves of business park projects and key transport infrastructure,” he said. Tamworth in the New England region saw recent price growth of 18 per cent, bringing its median to $469,000. It also has an undersupplied pipeline of future builds and $3.8 billion worth of infrastructure projects to commence in the near future.
He said its tight rental market meant if first homebuyers wanted to relocate there for a couple of years it could be a good investment over time.
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