Property markets in five key regional centres are set to reap the benefits of development of renewable energy infrastructure.

InvestorKit head of research Arjun Paliwal says with all three levels of government committed to carbon emissions reduction targets, there will be greater investment in renewable energy which will in turn boost local regional economies and property markets.

He says Rockhampton, Toowoomba, Tamworth-Armidale, Dubbo, and Latrobe Valley are among the locations to reap the benefits, with the property markets experiencing a boost as people migrate for jobs on the projects.

Demand for rentals will increase, making the regions strong areas for property investment which will ultimately lead to property price growth in those areas.

“Each renewable energy project creates hundreds and even thousands of jobs, particularly in the construction phase,” he says.

“This will see increased demand for housing in regional areas, a revitalisation of regional surrounding towns as new locals bring money to hospitality and retail businesses, and an overall strengthening of its property market.”