Top 10 Regional Growth Areas For 2021
Investors and homeowners are looking beyond the Australian capital cities.
By Terry Christodoulou
Fri, Mar 26, 2021 12:04pm
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Eight of Australia’s top 10 regional growth areas will see the value of development exceed the billion-dollar mark this year as buyers look beyond Australia’s capital cities.
The PRD Stand Out regions report ranked locations around Australia according to the median price affordability alongside indicators for property investment, local employment growth and sustainable economic futures.
Coastal locations of The Whistdundays (QLD), Port Stephens (VIC) and Greater Bendigo (VIC) fared best in the report as places for residential development, with a rental vacancy of 0.4-1.5 per cent at the end of 2020 compared to 1.8-4.7 per cent in city areas according to the report.
Other top performing regions included Mackay (QLD), Toowoomba (QLD), Greater Hume Region (NSW), Federation (NSW), Greater Geelong (VIC), Warrnambool (VIC) and Circular Head (TAS).
While residential potential in these regions is strong, commercial infrastructure and industrial projects make up a large portion of development set to start in 2021 including solar farms, new commercial hubs and transport links.
“Regional areas have become the most attractive option throughout 2020, with evidence of buyers capitalising on lower median property prices,” the PRD Stand Out Regions report said.
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Owned by Richard Outten, who’s penned screenplays for films including “Pet Sematary Two” and “Lionheart,” this is only the third time the home has been on the market
By CASEY FARMER
Tue, Aug 27, 2024 < 1 min
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A Mid-Century Modern home in Carmel, California, hit the market on Friday for just the third time in 70 years with a listing price of $4.25 million.
Located in the community of Carmel Highlands, the house is just steps from the coastline and comes with private beach access, according to the listing with Tim Allen of Coldwell Banker Realty in Northern California. Allen was not immediately available for comment.
The property last changed hands in 2010 when Hollywood screenwriter Richard Outten bought it for $990,000, public records show. Outten penned the screenplays for the 1992 movie “Pet Sematary Two” and the 1987 film “Lionheart,” and created the story for the 2012 “Journey to the Center of the Earth” sequel, “Journey 2: The Mysterious Island.” He was not immediately available for comment.
Built in 1953, the home’s mid-century charm has been preserved over the years while still being updated for modern living. Interior details include wood paneling, exposed-brick walls and beamed ceilings.
The single-level house has 1,785 square feet, which includes three bedrooms and two full bathrooms. Though not directly on the water, large windows flanking the adobe-brick, wood-burning fireplace look out at the ocean.
Sliding glass doors create a seamless flow between indoor and outdoor living. Outside, there’s a large patio surrounded by lush landscaping, and there are also meandering paths through sustainable succulent gardens, according to the listing.
In addition to its close proximity to the beach, the home is a 10-minute walk from downtown Carmel-by-the-Sea.
As of July, the median list price in Carmel is $3.1 million, up 8% from last year, even as active listings have increased 50% year over year, according to data from Realtor.com.
