Investing in property in East Gippsland
Situated between Australia’s two main commercial hubs and ports in Sydney and Melbourne, East Gippsland is eastern Victoria’s major economic region. The region’s diverse population, growing economy, and strategic location provide 50,000 residents with the ideal combination of business opportunity and recreation.
Affordable housing and great future economic potential have made East Gippsland an appealing option to residents and investors alike.
East Gippsland Property Investment Opportunities at a Glance
Property Market Highlights
- Victoria’s next regional real estate hot spot.
- Rapid growth in house prices over the past 12 months pushing rents up.
- Affordable housing alternative with easy access to the city.
Infrastructure & Development Highlights
- Large business and infrastructure development projects planned;
- Bairnsdale Landfill Cell 4 – $4,000,000
- Bullock Island Masterplan Implementation – $5,400,000
- Eagle Point Foreshore Hub $3,900,000 – $1,600,000
- Lakes Entrance Bullock Island Bridge – $3,000,000
Economic Growth Highlights
- Key Industries:
- Agriculture
- Horticulture
- Construction
- Supporting 16,539 jobs locally.
- Annual Economic output of $5.314 billion.
- The unemployment rate in East Gippsland is 5.3% (June 2022).
East Gippsland Location & Lifestyle:
East Gippsland is visited by thousands of tourists every year, featuring pristine beaches, lush rainforests, and snowy mountains. More than just natural beauty, the Gippsland lifestyle also offers affordable housing, strong employment, and excellent educational offerings – all adding to the region’s competitive advantage. The area is also well connected through a world-class road network offering easy access to both Melbourne and Sydney.
East Gippsland Property Market
Gippsland is predicted to become Victoria’s next regional real estate hot spot following a spike in buyer demand in 2020. In June 2022, the median house price in East Gippsland was $540K, a 30% increase from the previous quarter. In Bairnsdale, the median property price for a house is currently $429,000 with annual capital growth of 32.00%. The rental yields for houses in Bairnsdale are currently 4.72% with an average median rent of $400 weekly.
Real Estate Hotspots
Bairnsdale, Churchill, Drouin, Foster, Inverloch, Korumburra, Lakes Entrance, Leongatha, Mallacoota, Moe, Metung, Morwell, Omeo, Orbost, Phillip Island, Paynesville, Traralgon, Warragul, and Wonthaggi.
East Gippsland Infrastructure & Development
East Gippsland Infrastructure & Development
Large business and infrastructure development projects to be delivered by East Gippsland Shire Council over the next few years are making East Gippsland a great region to live and invest in. The greater Gippsland area also has numerous major road, rail, and air infrastructure in place to connect residents and businesses to the global economy.
East Gippsland Economy
East Gippsland is eastern Victoria’s major economic region, supporting 16,539 jobs, and has an annual economic output of $5.314 billion. The unemployment rate in the region was recorded at 5.3% in June 2022. Rich in natural resources, the agriculture and horticulture industry in Gippsland is thriving, and along with construction makes the greatest contribution to economic output in terms of regional exports and employment.
Invest in East Gippsland
Stroud Homes East Gippsland has a wide range of properties ideal for investors looking for opportunities in this region, including Single story and Dual Occupancy dwellings. Check out our selection of House and land Packages designed specifically with the East Gippsland property investor in mind.