Invest
Nice: 1 in 8 areas scoring double-digit growth
Economists may be warning of Australia’s “big problem” in property, but that hasn’t stopped these locations from producing double-digit growth in the last year.
Nice: 1 in 8 areas scoring double-digit growth
Economists may be warning of Australia’s “big problem” in property, but that hasn’t stopped these locations from producing double-digit growth in the last year.
Australia faces four key economic challenges, with property the “biggest wave” in terms of impact, Deloitte Access Economics partner Chris Richardson said in a weekly update this morning.
Despite a generally healthy industry landscape, he said higher global funding costs coupled with tightened credit availability are a “big problem for property” and its linked sectors.
However, property market research group Propertyology has a more upbeat take on the current climate.
Noting that one in eight city council locations, or 12 per cent of locations over Australia, have delivered double-digit growth in the year ending April 2018, head of research Simon Pressley said there are still “significant” opportunities thanks to improved economic conditions.
“We’ve been saying for quite some time that the outlook for many parts of regional Australia is increasingly better than most capital city markets,” said Mr Pressley, pointing to employment growth in some regional areas.
According to Propertyology’s research, 67 out of 550 locations had double-digit growth, with 45 of these located outside of capital cities.
Mr Pressley noted that double-digit growth isn’t a common occurrence.
“Several capital cities still haven’t seen it since before the GFC. The strongest growth cycle unfolding right now is in strategically-chosen regional locations,” he said.
“The Asian Century is real, it’s having a positive impact in key industries and this is flowing through to certain property markets, including regional Australia. The opportunities are significant, and we are only 19 years in to it.”
These were the top 20:
| Location | Current price | % growth |
| Hume VIC | $566,000 | 25.0% |
| Uralla NSW | $367,000 | 24.1% |
| Whittlesea VIC | $625,000 | 23.0% |
| Cardinia CIV | $535,000 | 20.9% |
| Dorset TAS | $220,000 | 20.0% |
| Nillumbik VIC | $780,000 | 19.3% |
| Casey VIC | $620,000 | 19.0% |
| Snowy River NSW | $495,000 | 18.9$ |
| Melton VIC | $505,000 | 18.4% |
| Cooma-Monaro NSW | $320,500 | 18.4% |
| Grant SA | $275,000 | 18.0% |
| Berrigan NSW | $238,750 | 17.7% |
| Glenorchy TAS | $376,000 | 17.3% |
| Wyndham VIC | $560,000 | 17.2% |
| Mitchell VIC | $430,000 | 15.9% |
| Kingborough TAS | $576,600 | 15.7% |
| Palerang NSW | $727,500 | 15.6% |
| Gloucester NSW | $286,000 | 15.5% |
| Dungog NSW | $420,000 | 15.5% |
| Wellington NSW | $193,750 | 15.4% |
| Auburn NSW | $985,000 | 15.0% |
Property
RBA’s 30% property growth forecast to materialise in 75% of regions
Experts believe that RBA’s forecasted 30 per cent growth in property prices over the next three years will materialise in 75 per cent of Aussie regions. ...Read more
Property
HomeBuilder applications soar as first-timers enter the market in record numbers
Record numbers of first home buyers are coming into the market assisted by the government’s HomeBuilder stimulus, which is expected to help spur $50 billion in economic activity. ...Read more
Property
Dual Occupancy Homes – Why They Are A Smart Investment In The Current Market
Promoted by Metricon ...Read more
Property
4 factors affecting property market trends in 2021
Following a tough 2020, property investment activity is expected to rebound strong, expanding by 50 per cent in the second half of 2021. ...Read more
Property
House prices tipped to surge 30% on the back of cheap money
According to new documents released from the Reserve Bank of Australia, persistently low interest rates could push up property prices by as much as 30 per cent. ...Read more
Property
Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the COVID crisis, with double-digit price growth already logged ...Read more
Property
How to turn your ‘costly’ lifestyle investment into a money-making asset
Emotionally driven holiday home buyers are being advised to seek maximum rental income and depreciation benefits to make their investments viable. ...Read more
Property
Dutch e-commerce giant VidaXL ramping up Australian operations
Netherlands-based online retailer VidaXL is ramping up its operations in Australia, by launching the build of a brand new 81,000 sq m national distribution centre in Melbourne. ...Read more
Property
RBA’s 30% property growth forecast to materialise in 75% of regions
Experts believe that RBA’s forecasted 30 per cent growth in property prices over the next three years will materialise in 75 per cent of Aussie regions. ...Read more
Property
HomeBuilder applications soar as first-timers enter the market in record numbers
Record numbers of first home buyers are coming into the market assisted by the government’s HomeBuilder stimulus, which is expected to help spur $50 billion in economic activity. ...Read more
Property
Dual Occupancy Homes – Why They Are A Smart Investment In The Current Market
Promoted by Metricon ...Read more
Property
4 factors affecting property market trends in 2021
Following a tough 2020, property investment activity is expected to rebound strong, expanding by 50 per cent in the second half of 2021. ...Read more
Property
House prices tipped to surge 30% on the back of cheap money
According to new documents released from the Reserve Bank of Australia, persistently low interest rates could push up property prices by as much as 30 per cent. ...Read more
Property
Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the COVID crisis, with double-digit price growth already logged ...Read more
Property
How to turn your ‘costly’ lifestyle investment into a money-making asset
Emotionally driven holiday home buyers are being advised to seek maximum rental income and depreciation benefits to make their investments viable. ...Read more
Property
Dutch e-commerce giant VidaXL ramping up Australian operations
Netherlands-based online retailer VidaXL is ramping up its operations in Australia, by launching the build of a brand new 81,000 sq m national distribution centre in Melbourne. ...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
