Australian real estate hot spots?

[Joe]

This from news.com.au today:
Coastal towns the next property hot spots for Australia

By Stuart Rintoul
The Australian
December 27, 2008 02:09am


Coastal towns the next hot spots
Capital cities will experience falls
Regional towns the best buy


COASTAL towns from Tully in Queensland to Upper Burnie in Tasmania are tipped to be among next year's property hotspots, as house prices in capital cities experience modest falls and upmarket property languishes under the strain of the financial crisis.

In its final property pulse report of the year, RP Data says it expects first-home buyers and investors to look at regional towns such as Tully, in northern Queensland, home of the Golden Gumboot and occasional bizarre UFO sightings (with a median house price of $265,000) and the banana-growing NSW town of Woolgoolga ($330,000). More here: http://www.news.com.au/business/money/story/0,28323,24846492-5013951,00.html

What are your predictions for future Australian real estate hot spots and why? :)

[kincella]

Hi Joe,
The coastal towns are in trouble if Vic is anything to go by....local councils putting in place restrictions on how close to build and how high...due to the global warming theorists.....problems on vic 's coast where people purchased land and now are not allowed to build there....am sure one can google to find the articles...recall people paying around a million dollars for land..now not allowed to build or develop on it...think they sold their home for this move...

I could be wrong...but if this drought running through the east coast of Australia...predominately NSW and VIC has actually broken and we continue to receive good rains through to Autumn....then there should be a lot of tree change areas that should look attractive......Most of these small towns rely on the farmers to support them...the drought has been going on for 15 years, and farmers do not spend...they are hit the hardest....young ones move to the cities for work and towns left as a ghost town ...well almost...and house prices slump accordingly.....

*** If the government actually goes ahead with the plan for a fast train from Sydney to Melbourne, then any area surrounding the main stations the train stops at would be a good area......but there would be plenty of time to get set,,,,imagine 8-10 years before it was up and running....The original idea was for a fast train from Brisbane to Melbourne...
I have property at Albury on the NSW/Vic border....have wanted a fast train for many years....my idea would be I could live in Albury and take the fast train to Melb daily for work...say if it were 1.5 hours ...and houses of course are cheaper in albury than Melbourne....govt's would not need to build satelite cities to cater for the demand...what with an existing Regional City with schools, hospitals uni's etc already in place...
I would assume Albury would be a definate stopover as is the case now...its 600k's from Sydney and 300 k's from Melbourne

Wodonga is about 2 mins away over the border in Vic, it has the biggest lawn tennis courts southern hemisphere, the biggest livestock trading yards, Lake Hume is 20.2 square kilometres and 350 klms in circumference...
Albury/Wodonga services an area of roughly 300 klm radius, predominately a farming community,..there is skiing an hour away at the snowfields, believe 100,000 travellers pass through each day.....think the stable population combined is about 200,000

Goulburn might be the other big stop over area.....
just food for thought...not anwering your specific question now...but buying land surrounding those areas and waiting might be an option for some

cheers