A Regional Town With Only 4000 Population?

Suburb Details:

I want to preface this article and say it is for investors on their 4rth or 5th investment property or for investors with a high risk appetite. Quirindi is a small regional suburb 65km away from Tamworth which is a regional hub. You may wonder why I would review this suburb but I believe its an excellent case study and the suburb is still experiencing growth. Despite being a small town it has experienced significant growth since Covid and shows the strength in investing in diverse economies where demand is high and supply is low.

Key Data Metrics

Location & Infrastructure

Quirindi is a rural town in New South Wales, located approximately 350 kilometres north of Sydney and 65 kilometres southwest of Tamworth. It serves as a hub for the surrounding agricultural region, known for its farming and livestock industries. Key infrastructure in Quirindi includes essential services such as schools, including Quirindi Public School and Quirindi High School, as well as a local hospital providing healthcare to the community. The town is well-connected by the Kamilaroi Highway and has a train station on the Northern Line, offering access to regional transport networks. Quirindi’s commercial area features various shops, supermarkets, and cafes, catering to residents' daily needs. Additionally, the town has several recreational facilities, parks, and sporting clubs, making it a well-rounded community for both residents and visitors.

Important Considerations:

Stock on market and days on market are still low indicating that there is house price pressure. The suburb has been growing since covid and now has over 40% growth since 2021 meaning as investors we have missed out on a good chunk of growth.

Despite having zero building approvals (according to HTAG) the suburb has large amounts of developable land supply which can affect future growth. There are also several plots of land being sold which can be found on domain and realestate.com

The economy is diverse mainly being agriculture, healthcare, education and transport. However it is not as diverse as you find a Tamworth, Townsville or Bendigo. Vacancy rates in Quirindi are also low, currently sitting at around 0.48% however it can be volatile due to the suburb being a small regional town.

Nearby Major Projects:

• Quirindi Aquatic Centre - Link

• Quirindi Library - Link

• Quipolly Water Project - Link

• Proposed Solar Farm - Link

Example Property:

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Quirindi

• Close to major regional town Tamworth (65km away).

• Days on market and stock on market are low.

• Zero building approvals (according to HTAG).

Con’s Of Investing In Quirindi

• Lots of developable land (but zero building approvals).

• Small regional town (Only 4000 people population).

• Vacancy rates are volatile → 12 month lease agreement is a must.

• Greater than 40% growth in the past 36 months.

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_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}