Top 5 regional property markets over May quarter: Residex
Over the May quarter, regional property markets including Queensland country, SA country, Tasmania country and the Northern Territory recorded growth in values.
But Victorian country, NSW country and WA country all experienced a decrease within the market, according to Residex.
The worst preforming area within Australia was Western NSW. The capital growth of the last quarter was a negative 9.79% with a median house price of $150,000.
Next behind was the NSW area of Charleville houses where the last quarter’s capital growth was a negative 7.21% with a median house price of $253,500.
The top five performing growth areas over the quarter within the Australian states and territories (in order) are:
Tasmania country units was the top performing where capital growth over the last quarter grew 6.51% and the median value of houses was $203,000.
Mount Tambourine houses, Qld experienced capital growth over the last quarter of 5.40%, with median house prices being $467,000.
Launceston houses, Tasmania where capital growth over the last quarter was 5.40% and the median value for houses was $270,000.
Portland houses, Victoria had capital growth of 4.26% over the last quarter where median house prices are $212,000.
South-east South Australia houses had capital growth over the last quarter at 3.99% and the median house price was $287,000.
