Where was the best regional area to buy in the last 12 months?
Prepared by Core Logic Australia
The latest quarterly regional report analyses 25 of Australia's largest non-capital city regions, examining performance across both house and unit markets over the 12 months.
HOUSES
The Hunter Valley exc Newcastle region in New South Wales was the best performing house market, with an annual growth rate of 34.3% followed by Southern Highlands and Shoalhaven, also in New South Wales (33.3%) and Queensland’s Gold Coast (33.1%).
The lowest yearly growth rate was seen across the Mackay – Isaac – Whitsunday region in Queensland (10.1%), followed by Bunbury in Western Australia (10.5%).
The largest change in sales volumes was recorded in Central Queensland (Qld) and New England and North West (NSW), where both regions recorded a 42.9% increase in house sales over the year to February 2022, followed by Queensland’s Townsville (41.2%), Mackay – Isaac – Whitsunday (40.8%), Wide Bay (36.1%) and Cairns (35.6%) regions.
At the other end of the scale, Victoria’s Latrobe – Gippsland region recorded the lowest change in house sales over the year to February 2022 (2.4%).
The quickest selling region for houses was Toowoomba (Qld), where the median time on market over the 12 months to April 2022 was 13 days, followed by Queensland’s Sunshine Coast and Gold Coast, where both regions recorded a median time on market of 16 days.
The slowest selling region for houses is the New England and North West region in New South Wales, where the median time on market was recorded at 46 days over the same period.
Download the full report including data for unit sales and region specific.
