Regional property prices are falling, but how far will the downturn go?
After a decade of almost 100 per cent growth, regional property markets are losing momentum, but a few key factors could limit the downturn.
Regional NSW houses prices nudged downwards recently but most areas, including Port Macquarie (pictured), remain more expensive than a year ago. (Image source: Wirestock Creators/Shutterstock.com)
The nation’s regional property markets have started to follow the capitals south, but despite a stellar decade of performance, the downturn is likely to be relatively short-lived, say experts.
Over the past ten years regional, non-capital city, home prices have doubled, soaring a massive 99.4 per cent, according to analyst Cotality.
That’s compared to capital cities, where the combined median price growth over the decade has been 57.7 per cent.…
