SINCE 1997

Latest Mackay City Property News

Regional property sales a near certainty to deliver profit

Headlines declaring metropolitan auction numbers and property sales waning amid rising interest rate rises are less prevalent in regional areas, where any sales now are almost certain to generate a profit.

Aerial photo of city centre of Geelong in Victoria, looking from the beach towards the stadium.
The highest percentage of property price profitability among regional coastal areas was in Geelong.

Headlines declaring metropolitan auction numbers and property sales waning amid rising interest rate rises are less prevalent in regional areas.

The latest PropTrack Housing Market Indicators Report, released on Tuesday (10 May) found Sydney, Melbourne, and Hobart in particular are seeing property activity slow more quickly than regional areas.

The demand for housing in the regional and smaller cities is expected to remain above pre-pandemic le…