Multiple Data Sources Confirm Regional Victoria As National Leader
We’ve been telling our customers for the past two years that the outstanding property market in Australia is Regional Victoria.
And multiple data sources continue to support the view that anyone seeking affordable property, good rental yields and in particular great capital growth would be wise to consider Regional Victoria.
There is no other market jurisdiction in Australia that has delivered so many locations with double-digit growth in their median prices. Equally, Regional Victoria is a national leader on locations with strong long-term capital growth rates.
The regional areas of Victoria were also prominent in the latest Pain and Gain Report from CoreLogic which highlights the number of properties sold for a profit in the September 2019 Quarter.
Why is Regional Victoria doing so well? Partly it’s because Victoria is the No.1 economy in the nation. The latest State of the States report from CommSec confirms Victoria as the leading economic performer in the nation, with New South Wales slipping down the rankings to third.
And partly it’s because Victoria continues to be the No.1 state for population growth, gaining significantly from both overseas and interstate migration.
Victoria’s ranking as the No.1 economy and population growth state isn’t just about Melbourne – the regions have been major contributors to the state’s success.
This edition of the Top 5 Victoria Regional Hotspots gives you the pick of the crop - plus the data to explain why these locations are thriving and the growth drivers that will continue to push them into the future.
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