Regional markets racking up double-digit growth
Nearly all of Australia’s 25 largest non-capital city regions recorded double digit annual price growth in the last year, while more than half of them recorded yearly gains of more than 20 per cent.
A big number of Australians made the decision to move to areas such as Tweed Heads, NSW, over the course of the pandemic. Photo: Shutterstock (Image source: Shutterstock.com)
Nearly all of Australia’s 25 largest non-capital city regions recorded double digit annual price growth in the last year, while more than half of them recorded yearly gains of more than 20 per cent.
CoreLogic’s latest analysis of regional home values showed that cheap access to finance, the growing popularity (and need) of working from home and affordability advantages were the biggest contributing factors to the strong gains.
The seven regions…
