Regional House Prices Outperform Capital Cities

  • By Peter Gordon
  • •
  • 20 Jan, 2020

Great news for our clients who purchased in Geelong, Ballarat, Newcastle and Sunshine Coast over the past few years!

Investors would be wise to look to regional towns for new homes according to new research, despite record house price growth in metropolitan areas over the last quarter.

House prices across Australia grew by more 4 per cent over the last quarter, marking the biggest increase since 2009 according to Corelogic.

Sydney recorded an increase 6.2 per cent, Melbourne 6.1 per cent, Hobart had a 3.4 per cent, Brisbane 2.4 per cent, Canberra 2.3 percent and Adelaide 1.4 per cent.

However, regional locations performed significantly better over the last three years than Sydney, Melbourne and Brisbane.

According to new research from property market research firm Propertyology, the current market could be compared to the growth seen following the 2008 GFC when the RBA made cuts and the federal government gave incentives for new buyers.

“The strong, and largely across-the-board, rebound in Australian real estate prices from the 2009-10 stimulus is likely to be repeated in 2020,” Propertyology head of research Simon Pressley said.

“However, the smart decision-makers of today will be looking beyond 2020 and trying to figure out which Australian property markets have the best potential post-stimulus.”

The researcher said "wannabe investors" who purchased in Sydney, Melbourne or Brisbane three years ago would likely be disappointed in their results with median house prices only increasing by 2.4 per cent, 12.8 per cent and 8.3 per cent respectively over the period.

“Across all of Australia’s states and territories, there are eight capital cities plus an additional 178 towns and cities which each have a population of 10,000 people or more,” Pressley said.

“The official best-performed market was Glenorchy (40 per cent), while some other absolute standouts include Bass Coast (37 per cent), Macedon Ranges (35 per cent), Snowy Monaro (34 per cent), Baw Baw (30 per cent) and Geelong (29 per cent).

“Orange (23 per cent), Launceston (22 per cent) and Burnie (21 per cent) also did very well over the last three years and I think still have plenty of strong miles left in their legs, too.”

Propertyology also found Byron Bay, Coffs Harbour and Griffith (all 19 per cent), Wangaratta and Mildura (16 per cent), Ballarat, Bathurst, Latrobe, Campaspe, Newcastle, Maitland, Sunshine Coast, Lismore and many more noncapital city locations all performed "significantly" better over the last three years than Sydney, Melbourne and Brisbane.


Article courtesy The Urban Developer 17/1/20

We've got some amazing opportunities at the moment, which we believe tick all the boxes for investing. If you'd like to catch up with Pete for a coffee and a chat about your investment goals and find out more about our properties contact the team now

Introducing The Palms Estate, Cairns - The Northern Beach's Premier Address

By Peter Gordon • April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

In the rivalry between Sydney and Melbourne, the winner is ... Brisbane

By Peter Gordon • April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).

Incredible Lifestyle At An Affordable Price  Equity of approx $390K on completion

By Peter Gordon • April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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