Regional property values are on the rise
CoreLogic’s latest regional report which analyses value and rent changes across the country’s 50 largest non-capital Significant Urban Areas (SUAs found dwelling values are now rising faster in regional markets than in the capitals; values are up 1.2% and 1.0 % respectively, over the three months to January).
Although the pace of quarterly value growth across the combined regions has eased from 1.6% in November 2023, the combined capitals has seen a sharper deceleration, from a recent peak of 3.9% over the three months to July 2023.
What the local property looks like
But if you want deeper insights, we’ve taken data* supplied by CoreLogic and Your Investment Property Magazine, and compiled them in our summer property report here.
Our report includes the median price, change in median price (12 months), change in median price
(5 years), and average hold price (years).
For instance, in Cardiff, where we are based, the figures look like this:
In Cameron Park, the figures are slightly different:
In Garden Suburb, the data is different again; the median price is almost a cool $1 million.
We’ve also included the number of sales, and listed recent property sales, with a picture, the date and price it sold for. Of course, sales figures may actually vary for the same type of house depending on the state of it.
To help you gauge how long it may take you to sell (subject to correct pricing and marketing strategies), we’ve included the number of days a property is on the market for.
Investors will also be interested, as we’ve added the weekly rent and gross rental yield for the area.
What’s your property worth?
If you would like to know what your house could achieve in today’s market, use our free online appraisal tool by powered by CoreLogic.
Simply scan in the QR code below, enter your address and instantly receive a CoreLogic/Rpdata report with an estimate of your property pricing, plus all the latest statistics for your suburb.
If using our tool has given you food for thought, contact us direct so we can come round and give you a more accurate free, independent and non-obligatory quote.
Our experienced team can also give advice on how to present your property features to maximise your sale price. Plus, we have developed unique marketing strategies to ensure your house appears at the top of the search list for your particularly type of property.
We are a family run business with nearly 50 years’ experience, have a database of potential buyers to market to, so we can get your property in directly in front of genuinely interested people – we’re constantly achieving great results and our aim is to make your sale as stress-free as possible.
Call in and see us in the Cardiff office, give us a call on 02 4954 8833 or send us an email to: mail@apnewcastle.com.au.
For tips on selling your property and what to look for when buying a property, visit our Facebook page.
* Data is reported to the period ending September 2023 as updated in January 2024.