Yahoo Finance Australia’s best-performing regional market revealed, and it isn’t in NSW
Home to a carousel, scenic waterfront and art-deco boardwalk, Geelong is also home to a lot of very happy property-owners.
With a median house value increase of 16.6 per cent over the last year to $579,000, and 11.9 per cent for units to $399,000, the city south-west of Melbourne boasts the largest increase in value across both property types, according to new numbers from property research group CoreLogic.
Fellow Melbourne region, Latrobe-Gippsland saw a 6 per cent increase in the number of homes selling, while the value of houses went up 6.9 per cent to $336,000, and the value of units went up 6.4 per cent to $256,000.
The Queensland Wide Bay region was the only other area to see sales go up. House prices went up 5.2 per cent to $299,000, while unit values fell 2.7 per cent to $245,000.
However across all regional markets, only two saw both house and unit values fall in the 12 months to September, Townsville and Bunbury.
These are the council areas which did the best in each state
NSW houses
NSW units
Queensland houses
Queensland units
South Australian houses
South Australian units
Tasmanian houses
Tasmanian units
Victorian houses
Victorian units
Western Australian houses
Western Australian units
Regional areas in the Northern Territory all achieved negative growth, except for houses in Katherine which grew 0.7 per cent and in Alice Springs, which saw growth of 1.3 per cent.
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