A year ago we termed the Exodus to Affordable Lifestyle “the most potent force to impact housing markets nationwide in the 21st Century” and forecast it would generate a national property boom.
Our No.1 pick in that first Exodus report was the Victorian regional city of Bendigo, where most suburbs have achieved price growth above 20% in the past year. The median price for the central suburb of Bendigo has increased 30%, or $140,000, from $395,000 to $535,000 in that time. The suburb of Maiden Gully has zoomed from $515,000 to $665,000, a rise of 28% or $150,000.
Our No.2 pick in our inaugural Exodus to Affordable Lifestyle: National Top 10 report was the Sunshine Coast. In several of its suburbs, median house prices have increased by $250,000 or $300,000 in 12 months.
The questions for real estate consumers are: Will the growth continue? And which locations have the best potential for further growth?
The consensus among most analysts is that prices will keep on rising in 2022, although perhaps at lower rates of growth than in 2021 – in some locations, at least.
With this in mind, we have just published our new edition of the Exodus to Affordable Lifestyle: National Top 10 report.
This edition introduces a number of new locations to the report, in recognition of the reality that some places have already had massive growth in their prices.
To find out where we see further growth in affordable lifestyle locations, get this report – which has quickly become the most sought-after of the forward-looking reports published by Hotspotting.
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