Patchy performance for regional coastal property markets
Regional property markets in popular coastal and holiday destinations are a mixed bag in terms of capital growth and rental yields, with land tax and regulatory changes hitting some areas harder than others.
Home owners along the Great Ocean Road are looking to short term rent to help with costs. (Image source: Shutterstock.com)
As most state capital cities experience a resurgence in property prices, the performance or real estate in Australia’s regional markets is far more mixed.
Government restrictions and taxes have hit some markets, particularly in Victoria, falling property prices are widespread in the wake of the lockdown-inspired boom times, and population declines are common
.William Clark, Data Analyst, Ray White Group, said some regional coastal suburbs that …
