General
House prices rise with regional market outperforming capital cities, CoreLogic data shows
House prices in regional Australia have risen at a higher annual rate than in capital cities for the first time in more than 15 years, as COVID-19 increases people’s desire to live outside the big smoke.
Key points:
- CoreLogic data shows national house prices rose 1 per cent in December
- Regional prices grew almost 7 per cent compared to 2 per cent growth for capital cities
- Government stimulus saw house prices finish the year 3 per cent higher
Annual data by real estate analysts CoreLogic shows dwelling values in capital cities rose 2 per cent during 2020.
That compares to an almost 7 per cent increase for regional markets.
“Regional markets haven’t outperformed the capital city markets since 2004,” CoreLogic research director Tim Lawless said.
-
General15 hours agoWondering about winter | The Spectator Australia
-
Noosa News24 hours agoOz Lotto’s $70 million jackpot won by Queensland syndicate – but not all of the winners know yet
-
Noosa News21 hours agoCameron Hunt, 45, charged with murder after body of his wife Louise Hunt found inside their Geham home just outside Toowoomba
-
Noosa News22 hours agoMan charged with murder after wife found dead in suspicious house fire near Toowoomba