Given its strong connection with the transportation and manufacturing sectors, Shepparton’s reputation as an industrious regional centre is well earned. And this enterprising spirit has helped it grow from modest river crossing point to primary production and professional services hub.
Located about 185km north-northeast of Melbourne, Shepparton sits at the heart of the Goulburn Valley. With a population of almost 70,000, Greater Shepparton is the 6th largest city in Victoria and 29th largest in Australia. Though it is worth noting that several neighbouring towns, including Mooroopna and Tatura, are included in this count.
Much of Shepparton’s early success came from its ideal location on the banks of the Goulburn River. In fact, the first permanent structure in the area was built to support a punt service working on the river. At one point, Shepparton was also a rail hub, but many of the lines passing through the city have since closed.
Manufacturing is now the major industry, with the country’s largest canned fruit processor, SPC Ardmona, based in Shepparton. Several other large companies also have operations in the area, including Campbells Soup Company and Rubicon Water. Dairy and fruit farms are also common, with Shepparton said to be responsible for about 15% of Victoria’s rural output.
More recently, Shepparton has become home to a thriving arts community. As part of the Moooving Arts project, fibreglass cow statues decorated by local artists have been installed throughout the region. The city is also home to the Shepparton Art Museum, the Shepparton Theatre Arts Group (STAG), and a community orchestra.
A centre for commercial and civic services, Shepparton provides residents with easy access to a range of amenities. There are plenty of drinking and dining options, with the area well regarded for its food and wine scene. There is also a great selection of local schools, campuses of two major universities, and three TAFE campuses in Shepparton.
This, combined with the city’s bushland setting, has made Shepparton attractive to those looking for a slower pace of life.
Luke and Julian each have over 20 years of property investment experience.
Some forecasts suggest that Shepparton’s population will increase by approximately 25% over the next 15 years. This growth will mostly be driven by those relocating from larger urban areas and should create opportunities for astute investors. However, as the local housing stock is extremely diverse, any investment in Shepparton property needs to be carefully selected.
If you do not know the area well, working with an investment expert, like a buyers agent, could be worthwhile. A buyers agent will be able to guide you on which parts of the city have the greatest investment potential and should also be able to help you select the property that best suits your investment strategy and goals.
As a general guide, we would recommend investors focus on the newer estates to the north of the city. Most properties in the North Shepparton and Kialla areas are more modern and, as such, will require less ongoing maintenance. These areas also tend to be more appealing to young families, which is a key demographic in Shepparton.
It is also important to note that capital growth has traditionally been fairly modest in Shepparton. However, the relative affordability of properties and strong demand for rentals means rental yields are often quite healthy. So, if you are looking for an investment that delivers regular returns, Shepparton could be a good choice for you.
As professional buyers advocates, we specialise in helping ordinary investors find extraordinary investment opportunities. As part of this, we can work with you to assess your current financial situation and better understand your motivations. We can also help you define your long-term goals and come up with a clear plan for achieving them.
We are truly passionate about property and thrive on the challenge of finding high performing investments. Once we know what you are looking for, we will manage the whole search process for you. From researching available properties to pulling data from multiple sources to analyse each property’s investment potential, we do it all.
We will also put together a shortlist of the opportunities that best suit your situation and strategy. Then, once you have picked your preferred property, we will walk you through the purchase process. We will arrange the required inspections, help you put together your offer, and even represent you during any negotiations.
We know property investing has the power to change lives and want to make the market much more accessible. Whether you are anxious about taking your first step or need help reinvigorating your portfolio, we are here to help. Call Search Party Property today to discuss your situation and set up your free consultation session.