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Regional Australian outstrips capital cities in returns game


Regional Australia outstrips capital cities in returns game
By Bianca Dabu
21 January 2021
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1 minute read
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Regional markets have shown impressive long-term returns over 2020, in what has been a rather tumultuous year for the rest of the real estate sector.
According to the latest CoreLogic Property Pulse, the combined regional dwelling market increased 6.9 per cent over 2020, a growth rate more than three times the rate of the combined capital cities.
Further, considering 10-year annualised growth rates – what growth in an asset value would be if it had the same growth rate every year for 10 years – the report found that “secondary cities” performed just as well as, if not better than, their capital city counterparts, particularly across the eastern seaboard. ....

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Australian Regional Property Markets Racing Ahead in Profits


Australian Regional Property Markets Racing Ahead in Profits
A new report by property researcher CoreLogic has found that the property market in rural and regional areas experienced a boom in the last financial quarter.
The latest Corelogic Pain and Gain report found that just over 88 percent of housing sales made a gain in the September quarter, translating into $24.8 billion in profits. This was an increase of $5 billion from the June quarter 2020.
CoreLogic’s Head of Research Australia, Eliza Owen said these figures reflect the property market’s resilience through 2020, with regional areas near the coast proving the most popular for house hunters. ....

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