![](\"https:\/\/fmsto.blob.core.windows.net\/cms\/images\/055\/0004_637737532026744144.jpg\")
<\/p>\n
The regional housing boom has continued to gain pace, with some regional suburbs striking annual gains as impressive as 30% over the year to October 2021.<\/p>\n
CoreLogic\u2019s latest Regional Market Update showed that of the 25 regions analysed, 24 recorded double-digit annual gains for house values while more than half reported above 20% growth.<\/p>\n
Seven suburbs, in particular, recorded a lift of more than 30%.<\/p>\n
<\/p>\nCoreLogic\u2019s Top 25 regional markets with highest annual dwelling gains<\/strong><\/h2>\n
<\/p>\n | State<\/strong><\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n Market<\/strong><\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n Annual Growth (5%)<\/strong><\/p>\n
\n\t\t\t<\/td>\n
Houses<\/strong><\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n Units<\/strong><\/p>\n
\n\t\t\t<\/td>\n
NSW<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n Capital Region<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 22.6<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 24.0<\/p>\n
\n\t\t\t<\/td>\n
Central West<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 24.8<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 17.3<\/p>\n
\n\t\t\t<\/td>\n
Hunter Valley exc Newcastle<\/a><\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 30.3<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 18.8<\/p>\n
\n\t\t\t<\/td>\n
Illawarra<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 28.8<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 22.8<\/p>\n
\n\t\t\t<\/td>\n
Mid North Coast<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 27.5<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 23.1<\/p>\n
\n\t\t\t<\/td>\n
New England North West<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 18.2<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n n\/a<\/p>\n
\n\t\t\t<\/td>\n
Newcastle and Lake Macquarie<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 31.3<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 17.0<\/p>\n
\n\t\t\t<\/td>\n
Richmond \u2013 Tweed<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 32.8<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 25.8<\/p>\n
\n\t\t\t<\/td>\n
Riverina<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 19.0<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n n\/a<\/p>\n
\n\t\t\t<\/td>\n
Southern Highlands and Shoalhaven<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 35.9<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 24.4<\/p>\n
\n\t\t\t<\/td>\n
Qld<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n Cairns<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 11%<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 13.4<\/p>\n
\n\t\t\t<\/td>\n
Central Queensland<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 12.2<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 19.1<\/p>\n
\n\t\t\t<\/td>\n
Gold Coast<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 31.3<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 24.2<\/p>\n
\n\t\t\t<\/td>\n
Mackay \u2013 Isaac \u2013 Whitsunday<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 10.5<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 4.4<\/p>\n
\n\t\t\t<\/td>\n
Sunshine Coast<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 32.3<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 29.1<\/p>\n
\n\t\t\t<\/td>\n
Toowoomba<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 15.5<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 6.5<\/p>\n
\n\t\t\t<\/td>\n
8.0<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 3.4<\/p>\n
\n\t\t\t<\/td>\n
Wide Bay<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 22.9<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 29.2<\/p>\n
\n\t\t\t<\/td>\n
SA<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n South East<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 17.8<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n n\/a<\/p>\n
\n\t\t\t<\/td>\n
Tas<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n Launceston and North East<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 31.2<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 26.7<\/p>\n
\n\t\t\t<\/td>\n
Vic<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n Ballarat<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 20.1<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 17.7<\/p>\n
\n\t\t\t<\/td>\n
Geelong<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 25.2<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 27.8<\/p>\n
\n\t\t\t<\/td>\n
Hume<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 24.9<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 27.7<\/p>\n
\n\t\t\t<\/td>\n
Latrobe \u2013 Gippsland<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 25.3<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 22.8<\/p>\n
\n\t\t\t<\/td>\n
WA<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n Bunbury<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 15.8<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n 9.1<\/p>\n
\n\t\t\t<\/td>\n
CoreLogic research director Tim Lawless said the growth in each regional market are driven by localised factors but there are common key drivers including: a shift away from capital cities, low interest rates, credit accessibility, higher household savings, relative affordability.<\/p>\n \u201cThere has been a broad demographic shift where more Australians are prepared to consider housing options outside of the capital cities, which has seen net internal migration rates to regional Australia reach record highs,\u201d he said.<\/p>\n \u201cWorking from home looks to have some degree of permanency post-COVID and is one of the catalysts of this trend, with more people basing themselves in regional locations to work remotely or balancing office work with home working.\u201d<\/p>\n Mr Lawless said the longevity of this housing boom will ultimately depend on affordability.<\/p>\n \u201cIf housing values across regional parts of the country continue to outpace the capitals, the obvious outcome will be that regional markets lose their affordability advantage,\u201d he said.<\/p>\n Some of the most popular regional coastal markets such as Byron Bay and Noosa on the Sunshine Coast have already recorded median house values surpassing $1m, overtaking their respective capital cities.<\/p>\n CoreLogic\u2019s report determined the best performing regional markets according to several factors.<\/p>\n Southern Highlands and Shoalhaven had the biggest annual jump in prices at 35.9% while New England and North West reported the highest sales growth of 77.1%.<\/p>\n Three markets \u2014 the Gold Coast, Sunshine Coast, and Ballarat \u2014 had the shortest days on market for houses at 18 days.<\/p>\n Meanwhile, Hume had the lowest vendor discounts at -1.9%.<\/p>\n In terms of units, Wide Bay hit the highest annual price gain at 29.2%.<\/p>\n Central Queensland had the highest annual sales growth of 111.9% while Launceston and North East reported the fastest selling time at 13 days.<\/p>\n Mid North Coast in Tasmania recorded the lowest vendor discount for units at -1.3%.<\/p>\n \u2014<\/p>\n Photo by Thomas de Luze on Unsplash.<\/em><\/p>\n<\/p><\/div>\n
Do you need help finding the right loan for your investment?<\/strong><\/p>\n When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.<\/p>\n Just fill in a few details below and we’ll then arrange for a local mortgage broker\u00a0to contact you and work out what features or types of loans are right for your needs. We’ll even help with the paperwork. Plus an\u00a0appointment is free.<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n <\/p>\n |