Ensure you never miss an issue of the
real estate business bulletin
Regional markets hold steady for the quarter

Regional markets hold steady for the quarter

Regional markets hold steady for the quarter
by Reporter 0 comments

The latest Property Pulse by CoreLogic shows that there was little movement in non-capital city dwelling values across the country.

Across Australia, the regional markets fell by just 0.1 per cent for the quarter (the largest since the three months to October 2014) and rose by 4.9 per cent compared to October last year (the lowest yearly change since February 2017).

CoreLogic research analyst Cameron Kusher said that despite the small amount of movement, there are still some differences between the markets of each state and territory.

“Growth in regional dwelling values generally continues to lag capital cities; however, in most states, the growth in values of regional property markets are generally stronger than they have been over recent years,” Mr Kusher said.

The regional breakdown for each state and territory is as follows:

New South Wales

Regional dwelling values in NSW recorded a rise of 0.2 per cent over October, 0.7 per cent for the quarter and 9.7 per cent higher than this time last year. All three percentages were noted to be slowing, but regional NSW recorded faster annual growth than Sydney for the last two months.


Victoria’s monthly dwelling value for October was 0.3 per cent, the largest monthly rise since April earlier this year. The quarter experienced a 0.3 per cent fall and the last year saw a rise of 4.4 per cent, the latter of which considerably slower compared to Melbourne’s 11 per cent value growth.


Dwelling values fell both for the month and the quarter at 0.2 per cent and 0.5 per cent, respectively, but were higher by 1.6 per cent for the year. Compared to Brisbane, regional Queensland areas are underperforming, especially those outside of the southeast corner.

South Australia

Dwelling values were down in monthly, quarterly and yearly records, at 0.5 per cent, 2.1 per cent and 0.9 per cent, respectively. Unsurprisingly, regional South Australia is weaker when compared to Adelaide.

Western Australia

Like South Australia, regional Western Australia saw dwelling values fall for the month, quarter and year at a respective 0.4 per cent, 1.4 per cent and 3 per cent, indicating that regional Western Australia is falling slightly faster than Perth.


Regional Tasmania saw dwelling values rise by 0.3 per cent for the month, 0.4 per cent for the quarter and 5.4 per cent for the year. Even though yearly growth is slower when compared with Hobart, it is still faster from last year’s 1.7 per cent.

Northern Territory

Dwelling values were up for the month, the quarter and the year, at 1.1 per cent, 0.7 per cent and 1.3 per cent, respectively, surpassing Darwin’s 5.7 per cent annual decline.

Regional markets hold steady for the quarter
lawyersweekly logo
promoted content
Recommended by Spike Native Network
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?