Invest
Regional property markets seeing uplift in investor demand
Australia’s regional areas are dominating when it comes to growth in value of property sales, with one area recording a rise of over 90 per cent.
Regional property markets seeing uplift in investor demand
Australia’s regional areas are dominating when it comes to growth in value of property sales, with one area recording a rise of over 90 per cent.
A new report released by CoreLogic has revealed the top 50 council areas for growth in the total value of sales over the year to 31 March 2016.
NSW dominated the list, with eight of its council areas within the top 10.
Narrandera topped the list with a 90.3 per cent change in values and a 53.9 per cent increase in number of sales.
Kyogle’s values grew 79.1 per cent with a 65.3 per cent increase in number of sales.
Wentworth saw its values grow 57.4 per cent and its number of sales up 9.4 per cent.
Lithgow experienced an increase in values of 45.2 per cent, with a 21.3 per cent rise in number of sales.
Snowy River’s sales values grew 43.2 per cent and its number of sales increased by 35.4 per cent.
Upper Lachlan Shire saw an increase in values of 41.3 per cent, with a 36.9 per cent increase in sales numbers.
Dungog experienced a 39.9 per cent growth in values, and a 28.1 per cent increase in sales numbers.
Bellingen took the number 10 position, experiencing a 39.5 per cent change in values and a 30.0 per cent rise in the number of sales.
Away from NSW, South Australia’s Grant placed third in the list, with its values up 61.4 per cent and number of sales up 35.0 per cent, while Break O’Day placed fifth for a 52.0 per cent increase in sales values and a 54.0 per cent increase sales numbers.
CoreLogic research analyst Cameron Kusher said the difference in sales volumes and the value of sales between capital city and regional markets highlights that regional markets are starting to show an improving trend.
"Over the year, there were 301,776 capital city dwelling sales worth $213.3 billion," he said.
"The number of sales was 9.9 per cent lower than a year ago and the value of sales was 0.3 per cent lower over the year.
"In terms of the combined regional markets, there were 166,217 sales which was 0.3 per cent lower over the year while the value of these sales rose by 3.3 per cent to $67.9 billion."
According to the report, only four of the top 50 areas are located in capital cities, with the remaining 46 in regional areas of the country, including many larger regional areas.
"In 43 of the 50 regions listed the percentage increase in the total value of sales has been greater than the lift in sales volumes," the report said.
"This tends to reflect an increase in values along with an uplift in demand.
"In fact, only three of the 50 regions listed have recorded fewer sales over the past 12 months."
The report suggests that regional markets in NSW are recording the highest levels of demand and value growth of all regional markets across the states and territories.
"With mortgage rates low, certain capital city housing markets becoming unaffordable and an improvement in confidence surrounding regional housing, we would expect many of these council areas to see further increases in the total value of sales over the coming year," Mr Kusher said.
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.
