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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

International Airline Crewing (IAC) is an Aviation Crewing, Air Operator and Aviation Management Consultancy supplying crews and aviation expertise to major international airlines, airports and the civil aviation industry in addition to providing expertise and personnel to the professional services sector globally.

IAC typifies the high level of marketing and professional expertise required in the world of commercial aviation and professional services. Captain Paul Moxham, founder and Chairman of the IAC Group of Companies, established IAC in Armidale in 1988. IAC staff and consultants have extensive experience in commercial and military aviation at the highest level.

IAC currently provides in excess of 150 pilots and crew as well as management consultancy expertise to airlines, government and commercial enterprises throughout the world. "With technology, IAC is ideally positioned to market its expertise globally with highly experienced staff in offices located in Australia, New Zealand and the Pacific," Captain Moxham says.

His daughter Tara Moxham-Jarvis, Director Group Operations, is also keen about the city. She att...