Regional Victoria Continues To Excel On House Price Growth
Hotspotting
English - April 08, 2022 01:51 - 3 minutes - 3.07 MBInvesting Business Society & Culture Places & Travel hotspotting propertyinvesting propertyinvestment firsthomebuyer smsfpropertyinvestment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Regional Victoria was one of the first areas in Australia to really exhibit clearly the pattern that has become the major property trend of the 21st Century – what I like to call the Exodus to Affordable Lifestyle. I expect this trend to continue for some time to come – it won’t stop once the pandemic is dealt with – because this is fundamentally about technology, affordability and lifestyle.
Regional Victoria as a whole is still a very strong market, which has produced outstanding price growth in the past 12 months, with many locations rising 20% and some above 30%.
In our Autumn prices survey, of the 142 regional Victorian locations analysed, 140 have recorded growth in their median house prices in the past year, and 141 have had growth in the most recent quarter.
Regional Victoria is still a market which has a lot further to go, particularly as I don’t see the Exodus trend easing any time soon.