Business
Regional housing boom to run two years more – The Australian Financial Review
Regional housing markets have more than doubled the price growth recorded in the capitals, which experts say could continue for another two years.
At the council level, Byron Bay notched up the biggest gain of 29.9 per cent, while Ballina rose by 28.6 per cent.
Houses in Ararat in regional Victoria clocked up a 26.1 per cent growth in values, while Noosa climbed by 22.1 per cent.
Affordability also played a big role in attracting buyers into the regions, with homes fetching $247,400 less than the median value of capital city dwellings.
Even with double-digit growth, many regions remained cheaper compared to the capitals. For example, in Tamworth…
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