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Armidale's real estate market continues to perform well despite the market downturn in Sydney and higher interest rates. In the last ten years ending 2007, the average annual capital growth for residential real estate in Armidale has been 9.1% per annum.

The level of development in Armidale including the four shopping centres - Centro Armidale (Woolworths Supermarket & Big W), Armidale Plaza (Kmart & Country Target), Eastend Shopping Centre (Coles Supermarket) as well as the Beardy Street Mall has caught the interest of many treechangers and investors.

Housing is still very affordable in Armidale. The median price for residential real estate is $275,000. A mid market four bedroom home, with ensuite and double garage will range from $350,000 - $450,000.

Rural residential properties are highly sought after in Armidale. A four bedroom home on a 5 - 10 acre property with town water in close proximity to the Armidale CBD will range from $500,000 - $750,000.

The demand for rental accommodation is set to continue particularly with the growth in the general population of Armidale and number of students at the University of New England with initiatives such as the new Rural Medical School. Investment properties start from $175,000 with a gross return of between 5% - 6%.

REAL ESTATE AGENTS

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TESTIMONIAL

Operating in Armidale since 1988, EdAlive (creators and distributors of high-quality educational software and New Horizons (software retailing) have been supplying schools and individuals in Australia, New Zealand, United Kingdom and beyond.

The company is another example of a successful international business based in Armidale.

It has won numerous national and international awards including the Premier's NSW Expor ter of the Year (Category Winner) and two iAwards, and its software has also taken out international BESSIE, EDDIE, iParenting and AEP Distinguished Achievement awards. Both businesses provide parents and teachers with the technology tools to foster educational excellence.

"Our businesses are diverse and built on a reputation for reliability, breadth of knowledge and outstanding customer service," says the company's Managing Director, Graham East. "We continue to be recognised as leaders in our industry and have recently negotiated licensing agreements with a number of partners."

Mr East is a keen advocate of Armidale as a business base and for its way of life.

"Armidale provides...