Home News These regional markets are bucking the housing downtrend

These regional markets are bucking the housing downtrend

Font size :

Victoria's Geelong region recorded Australia's largest annual increase in median values for both houses and units.

Forget Sydney and Melbourne — for buyers who want to take advantage of price gains, some of the larger regions outside capital cities have been bucking the housing downtrend.

According to a recent report by CoreLogic, Victoria's Geelong region recorded Australia's largest annual increase in median values for both houses and units, growing by 16.6% and 11.9%, respectively. Geelong also recorded a shorter days-on-the-market measure, with a typical home in the region selling 12 days faster than it would have last year.

Another Victorian region, the Latrobe-Gippsland, also posted positive growth for both dwelling types, 6.9% for houses and 6.4% for units.

Regional housing markets in New South Wales also witnessed growth in home values over the year, with the largest increase for houses seen in the Newcastle & Lake Macquarie region, where the median house value jumped by 9%. The biggest improvement for units was seen in the Richmond-Tweed region, where values jumped by 9.3%.

In Queensland, only Townsville recorded declines for both houses (1.3%) and units (3.9%). Sunshine Coast clocked the biggest increase in both dwelling types, followed by the Gold Coast. While Cairns and Wide Bay reported an upswing in housing values, their unit prices dipped slightly by 0.7% and 0.6%, respectively.

Meanwhile, Western Australia's Bunbury region remained lacklustre, with house and unit values falling by 4.6% and 4.9%, respectively.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

Banning commissions is the best option for brokers and borrowers, says industry figure Banning commissions is the best option for brokers and borrowers, says industry figure

A broker has written an open letter arguing that removing commissions will benefit the whole industry Read more

More Aussies to struggle with mortgage repayments: Moody's More Aussies to struggle with mortgage repayments: Moody's The ratings agency expects an increase in delinquencies over the next few months ... Read more

Will Labor’s negative gearing changes only worsen the housing downturn? Will Labor’s negative gearing changes only worsen the housing downturn? Rate cuts would cushion the impact of the changes, but prices are likely to fall further ... Read more

Borrowers turn to customer-owned banks for home loans Borrowers turn to customer-owned banks for home loans They are ditching the Big Four banks due to the controversies uncovered during the royal commission's queries ... Read more

More mortgage news and articles

Sponsored Links

Saturday, Mar 23, 2019
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords