Geraldton stands out as sensible investment location

Terry Ryder, founder of well used website, has once again put Geraldton in Western Australia forward as a great regional centre to look to purchase property.

He argues that while Geraldton is benefitting from the mining and resources boom, it still boasts sensible and affordable prices.

Mentioning Western Australia, Mr Ryder says in his April 2013 property report released today:

"Outside of the state capital, the very high prices in resources towns and regional centres, including Port Hedland, Karratha, Broome and Newman, make investment there not only out of reach for most people but also risky, given doubts about the sustainability of those high rents and prices (Port Hedland has a median house price above $1.1 million, for example).

Geraldton, however, is one centre touched by the resources sector which still has prices which make sense. You can readily buy in the $300,000s and, in the cheaper suburbs, in the $200,000s."

Other than the wonderful weather and lifestyle that the city of Geraldton boasts, the fact that property is still affordable to mere mortals is a very positive sign for the future prospects of Geraldton.