Overview
A sea and tree change location with rapid growth across population and infrastructure, the Shoalhaven region is flourishing as an investor hot spot. A string of coastal villages, along with the regional centres of Nowra and Ulladulla, are located approximately two hours from Sydney. With a population of over 100,000 set to soar, road upgrades are well underway to slash commute times to Greater Sydney.
A diverse range of industries operate in the Shoalhaven alongside increasing and exciting new business opportunities. Combined with economic growth, this is a region that offers lifestyle perks for everyone. From hinterland bush walks to beaches and vineyards, work-life balance is almost a given.
Framed by ocean and countryside views, the Shoalhaven represents idyllic lifestyles. Now, rapid growth ensures a rich array of investment opportunities.
GROWTH
As of 2020, the population of the Shoalhaven is 107,031. The region is expected to see steady growth towards a population of 137,676 by 2051, which is a 29% increase. Currently, the economy has a gross regional product of $5.07 billion and growing, along with 40,985 jobs.
Among the wide range of industries operating in the Shoalhaven, education, building, construction, retail and tourism are significantly expanding. In Nowra alone, Health Care and Construction top approximately 7,535 businesses, making up 29% of the total output in the area. With mass infrastructure in the works, the region is gearing up for the predicted population growth.
INFRASTRUCTURE
Including two hospitals in Nowra, nearby Shellharbour Airport, navy base HMAS Albatross, the South Nowra industrial estates, a wide range of schools and the Nowra CBD, the Shoalhaven is a self-sufficient region. However, transport infrastructure ensures quick connectivity with Wollongong, just an hour away via the Princes Highway with a $671 million upgrade in the works.
Expanding the education sector is the construction of the Industry 4.0 Hub at UOW Shoalhaven Campus in Nowra. Industry 4.0, known as the 'Fourth Industrial Revolution', is a new wave of innovation centred on automation and data exchange in manufacturing technologies. By backing from the University of Wollongong and the Australian Government, the Nowra Industry 4.0 Hub provides a collaborative environment for students, businesses and entrepreneurs.
The Nowra Bridge over the Shoalhaven River
Highlight
PROPERTY PRICES
Affordable property markets in the Shoalhaven deliver strong returns. Postcode 2540 in Nowra which incorporates 19 Shoalhaven suburbs, including the new suburb of Cambewarra, just six kilometres north of Nowra, is another upcoming success story. The area has an average rental yield of 4.5% p.a. over the last ten years and a healthy combined capital growth and rental yield of 12.1%. Average house prices of approximately $685.5k are attractive compared with Sydney prices at $1.25 million. The average rate of growth over the last 10 years was 7.1% p.a. and the average rental yield for houses was 4.5% p.a. With a current population of 238, Cambewarra is a shining example of a new suburb for a new economy in the Shoalhaven
The new suburb of Cambewarra, six kilometres north of Nowra, is another upcoming success story.
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