Regional Victoria is No.1

Regional Victoria is the stand-out market in Australia. Against a backdrop of Regional Australia providing the top growth markets in the nation, Victoria has large numbers of towns/suburbs with rising demand and the strongest price growth in Australia.

Our Summer survey has identified 51 markets in Regional Victoria with rising demand, the highest since we started our quarterly sales surveys four years ago. Only Adelaide among the nation’s jurisdictions has more growth markets than Regional Victoria – which also has another 90 locations with steady buyer demand.
The uplift in markets in Victoria outside Melbourne has created exceptional price growth: this survey has found 118 locations with median house price growth above 5% in the past 12 months, including 85 above 10% - of which 25 have grown more than 20%. A key factor is that most of these places have delivered price growth in the most recent quarter, as well as the past year, which means prices are still growing.