No challengers to Geelong‘s status as the No.1 market in regional Victoria
by Terry Ryder
I’ve been charting to rise of regional markets throughout this year and it’s now a trend worthy of note by property watchers. NSW and QLD both have large numbers of growth markets outside the capital cities. Victoria has more than a few as well and even laggard states like South Australia and Western Australia are starting to show some life in their regional markets.
Perhaps the most significant trend is that NSW and QLD have more growth markets in their regions than in their capital cities. This is a strong feature of the research I conducted for the Winter Edition of The Price Predictor Index. The Sunshine Coast has more growth locations that any other municipality in Australia. When combined with neighbouring Noosa Shire, this region is the most upwardly-mobile market in the nation, in terms of trends with sales activity. There are still no challengers to Geelong‘s status as the No.1 market in regional Victoria. The City of Greater Geelong also has more growth suburbs than any of the LGAs of Melbourne. The Geelong economy is performing strongly and its property market thrives as a cheaper alternative to Melbourne. Click here to read further