Regional Victoria

We’ve seen significant improvement in markets across Regional Victoria recently, as the state joins the recovery momentum seen in many markets across Australia. Our latest survey of market activity shows that, in Regional Victoria, the revival has gone to another level lately. Our research shows that, in the latest quarter, the number of declining locations has halved and the number recovering locations has more than doubled. Locations with positive rankings in our survey have increased from 45% of total Regional Victoria locations to 65%, led by a surge in the number of towns and suburbs classified as recovering markets. 53 locations previously ranked as declining or plateau markets are now classified as recovering markets, up from 24 in the previous quarter, while the number of locations with negative classifications have dropped from 71 to 47. At the same time, locations previously ranked as recovering markets have continued to improve and are now classified as rising markets.