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West Wyalong Investment PDF Rev02.Cdr Narrandera & Leeton Your Investment Destination Narrandera Welcome to Narrandera! Perched beside the Murrumbidgee River and its corridor of red gum, Narrandera blends elegance, environment and history, bringing you an oasis of tree lined street, shady parks and gardens. This is Wiradjuri Country and we honor elders both past and present as traditional custodians of the land which makes up Narrandera Shire. Narrandera and its villages sit at the heart of the agricultural hub known as the Riverina, and at the gateway t the productive Murrumbidgee Irrigation Area. The town is a popular meeting place for regional and city travellers to explore the region. Explore our sire for boutique shopping, dining, plan a heritage walk, or take a tour of the Shire's museums. You can set out on a walk through our Flora and Fauna Reserve or Narrandera Wetlands, or relax at Lake Talbot, Lake Talbot Aquatic Park or by the side of the Murrumbidgee. Narrandera Shire is a wonderful place to live, boasting all the advantages of a country lifestyle with easy access to great services and facilities, and offering as array of business and employment opportunities. Real estate prices are well below those of major centers, while quality education, health care and numerous sporting and cultural facilities combine to make Narrandera Shire the ideal lifestyle choice. These small villages are all center to wonderful communities of friendly and passionate people . You will be made welcome. 2 Road Travel Distances from Location Narrandera hours Albury 2.2 Narrandera is located 549km West of Sydney and 428km North Bathurst 4.3 of Melbourne at the junction of the Sturt and the Newell Canberra 4 Highways. Narrandera is situated between two major regional Dubbo 4.3 cities of Wagga Wagga (99kms) and Griffith (98km). Forbes 2.4 Leeton 0.2 Melbourne 5.1 Parkes 3 Sydney 6.2 Temora 1.3 Young 2.4 Wagga Wagga 1 Griffith 1 To BRISBANE Newell Highway Scone Mid Western Highway Narromine Tottenham Dubbo Muswellbrook Hume Highway/Freeway Mudgee Singleton Wellington Peak Hill Ivanhoe 2 hours 3 hours Newcastle Condobolin Molong Lake Parkes Cargelligo Orange Forbes Bathurst Hillston Lithgow Eugowra Ungarie Canowindra Blayney West Weethalle Wyalong Grenfell Katoomba Goolgowi Cowra SYDNEY Rankins Wyalong Springs Tallimba Barmedman Campbelltown Mirrool Young Griffith Ardlethan Temora Boorowa Hay Leeton Bowral Wollongong Cootamundra Harden Narrandera Goulburn To ADELAIDE Coleambally Coolamon Junee Yass Gundagai Lockhart CANBERRA Wagga Tumut Urana Wagga Deniliquin Finley Batemans Bay Tocumwal Echuca Albury Shepparton Wangaratta Seymour MELBOURNE 3 Transport Air Services The Narrandera/Leeton airport is located just on the outskirts of Narrandera. It is serviced by Regional Express Airlines with return flights to Sydney and Griffith up to three times per day. Flights to other major regions are accessible from neighboring Wagga Wagga and Griffith airports. Country Link A daily coach service is provided by Country Link between Leeton and Wagga Wagga, connecting passengers to the Country Link XPT Train n Wagga. From there trains are available to Sydney, Melbourne and Canberra. welcomes you to Narrandera 4 Education & Schools Narrandera The Narrandera LGA offers a solid range of Education and training facilities: - Narrandera High School (7-12) - Barellan Primary School - St Josephs Catholic School - Narrandera East Infants School - Narrandera Pre-School - Narrandera Early Childhood Learning Centre - Bright Horizons Early Learning Centre - TAFE NSW Riverine Institute- Narrandera Campus - NOOSH (Narrandera Out Of School Hours) 5 Retail Sector Narrandera has a strong retail sector, being centrally located between 2 major country cities (Wagga Wagga & Griffith), Narrandera is only a short day trip away from major shopping chain stores. Narrandera is not short on shopping stores either, with store including Coles, IGA, Nurseries, Musical Stores, Clothing Boutiques, Furniture Stores, an abundance of Cafe and Takeaway Shops and many more. Tourism Being centrally located in the Riverina, Narrandera is ideal as a starting point for a range of interesting day trips. Head west to Leeton and Griffith to sample some of the best wines around Australia. Head east to June and visit the award winning Licorice and Chocolate Factory and Roundhouse rail & Transport museum, then loop back via Temora famous for it's Aviation Museum and Temora Rural Museum. On your way back to Narrandera you can call into Barellan, where Evonne Goolagong Cawley grew up and have your photo taken in front of the Big Tennis Racket erected in Evonne's honor. Health and Medical Narrandera offers standard modern health, ancillary and community health services with visiting specialists attending on a regular basis- all provided without long waiting lists. Narrandera's services include: - Hospital with radiology services - Numerous General Practitioners - Dentist - Optometrist - Pathology and Immunization Clinic - Massage Therapists - Childcare Nurses 6 Investing In Narrandera Capital Gains Current median house price of 158,000, Narrandera has a stable market that has gradually increased over the years with no impact from the changes in the markets. Narrandera has seen an average of 2.4%pa increase in house prices over the past 10 years. Rental Return/Vacancy Rate Narrandera has an average rental return of 8% per annum with a median rental price as of December 2016, of $245/week and the median house prices as of December 2016 at $158,500. Vacancy rates in Narrandera don't deviate much throughout the year generally sitting at approximately a very low 2% giving investors piece of mind that their property will be tenanted quickly with a quality tenant. Reason for returns & heightened rental demands in Narrandera market Narrandera's rental market has been quite strong for some time now, located on the intersection of 2 major highways (Newell & Sturt Highways) has brought lasrge amounts of Agricultural based infrastructure to the region, increasing jobs and in urn increasing rental demand. Some of the companies in both the Production and Construction phase in the area at present include: - ProTen (Chicken Farming) - AgriAustralis (Hazelnut Farms) 70 Million Dollar project started late 2014 - JBS (Beef Feedlot) employs over 400 workers from Narrandera and the surrounding towns These companies have brought large amounts of job growth to the area and there is no sign of that slowing down any time soon. Narrandera also has a large number of people living in the town and working in Leeton, only 20km away. 7 Major Industry Sectors Number Employed Agriculture Construction 568 Retail 202 The Riverina has a very Manufacturing 101 Agriculture based Real Estate 58 workforce, but does not Transport, Postal & Warehousing 99 lack other businesses to Accommodation & Food Services 94 BRISBANE provide a diverse and Professional, scientific and technical services 70 economic base to provide Health Care & Social Assistance 68 you with a strong Administration & support services 45 foundation to build your Wholesale Trade 40 own business. 39 NARRANDERA PERTH SYDNEY ADELAIDE CANBERRA Agriculture and Agribusiness If you’re looking to invest in rural Australia, Narrandera Shire is your opportunity. Locate your operation in the heart of the Riverina, Australia’s largest agricultural hub, and at the gateway to the burgeoning Western Riverina. Trade deals, the region’s relative water security and advances in communications have recently generated a massive increase in investment in the region. The NBN is rolling out and there has been investment in transport hubs, cotton ginning, and the nut and poultry industries in particular. Housing is affordable and agricultural land is also low cost with water availability and space for buffer zones 8 making the Shire a good home for intensive agriculture. Weather Narrandera boats fine weather Demographics conditions year round. The average daily temperature for Summer is 32.5 C and in Winter 14.9. The Median age of persons 43 Average rainfall is 450mm. Median individual income ($/weekly) M $453 Median family income ($/weekly) $1,013 Median Household Income ($/Weekly) $810 Median Housing Loan Repayment ($/Monthly) $1,075 Median rent ($/weekly) $240 Median House Price $158,000 16% 14% 12% 10% 8% 6% % of Population 4% 2% 0% 0-4yrs 5-14yrs 15-19yrs 20-24yrs 25-34yrs 35-44yrs 45-54yrs 55-64yrs 65-74yrs 75-84yrs 85yrs + 10 Leeton Welcome To Leeton! Leeton is a friendly town situated in the heart of the Murrumbidgee Irrigation Area (MIA). The town represents rural Australia with its rich heritage, diverse agriculture and renowned country hospitality. You will never b short of things to do in the Leeton Shire! During your stay it is insisted that you visit the many local attractions such as local wineries, the mighty Murrumbidgee River, Fivebough Wetlands and the Roxy Theatre, just to name a few. The team at the Leeton Visitors Centre are only too happy to assist you in making your way to any of the attractions around the town. It's rare to find a weekend in Leeton where there isn't anything taking place. Whether it be a small town fete, monthly market or the desirable Leeton SunRice Festival. There are numerous opportunities for visitors and locals to get out and enjoy the friendly community atmosphere. The Riverina is one of the most productive and diverse agricultural regions in the country- often referred to as the 'food bowl of Australia'. The region plays an important role in feeding Australians around the world, with each MIA farmer estimated to feed 600 people and contributing to 38% of NSW's vegetable production. Location Leeton is situated approximately 50km's west of Sydney and 450km's north of Melbourne in the productive Murrumbidgee Irrigation Area (MIA). Bus: There is a daily coach service between Leeton and Wagga Wagga which connects at Wagga Wagga with the XOT train to Sydney, Melbourne, Brisbane and Albury. Fly: Regional Express Airlines (REX) operates return flights daily from the Narrandera/Leeton, Griffith and Wagga Wagga airports to Sydney, Melbourne, Brisbane and Albury.
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