Regional Victoria is the stand-out market in Australian real estate.
Against a backdrop of Regional Australia providing the leading growth markets across the nation, Regional Victoria has large numbers of towns and suburbs with rising buyer demand and the strongest price growth anywhere in Australia.
The Summer 2019 Edition of The Price Predictor Index identified 51 markets in Regional Victoria with rising demand, the highest since we started our quarterly sales surveys four years ago. Only Adelaide among the nation’s market jurisdictions has more growth markets than Regional Victoria – which also has another 90 locations with steady buyer demand.
The uplift in markets in Victoria outside Melbourne has created exceptional price growth: our survey found 118 locations with median house price growth above 5% in the past 12 months, including 85 above 10% - of which 25 have grown more than 20%. A key factor is that most of these places have delivered price growth in the most recent quarter, as well as the past year, which means prices are still growing.