Regional Victoria is now the strongest market in Australian real estate. Even as the Melbourne boom subsides, the state’s regional markets are rising strongly and delivering the strongest price growth to be found anywhere in the nation.
Our Spring survey of sales activity identified 47 markets in Regional Victoria with rising demand, maintaining the record position established in the Winter survey.
We also identified 61 towns or suburbs which have recorded double-digit price growth in the past year and all but two of them have had solid-to-strong growth in the latest quarter, which means prices are still rising.
New growth markets have emerged in this latest survey and some of the previous market leaders have subsided.
The Regional Victoria hotspots have numerous features in common, including a strategic location, a growing population, a strong and diverse economy, affordable homes and rental yields considerably better than those commonly found in Melbourne. To discover five excellent locations to consider for future capital growth, get the Top 5 Regional Victoria Hotspots 2018 report today.
Regional Victoria was Hotspot of The Week on January 29th 2019.
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