Regional Growth Outstrips Capital Cities
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Regional Growth Outstrips Capital Cities

While Sydney and Melbourne slows, the regions forge ahead.

By Terry Christodoulou
Mon, Jan 10, 2022Grey Clock < 1 min

The ascent of Australian housing values is slowing, with the CoreLogic Hedonic Home Value Index showing a 1% rise in December 2021, following a 1.3% lift in November.

The softening monthly growth rate — which was as high as 2.8% in March 2021 — is an indication of mixed results across Australian capital cities and regional Australia.

Brisbane, Adelaide and regional Queensland are the only locales where value growth hasn’t slowed.

Brisbane recorded a 2.9% jump in housing values to hold a median dwelling value of $683,552, while Adelaide grew 2.6% month-on-month with a median dwelling value of $569,882.

By comparison, Melbourne saw housing values dip 0.1% in the last month of 2021 while Sydney only recorded a 0.3% rise.

Sydney’s median dwelling value is now $1.098 million — Melbourne’s sits at $795,108.

Away from the capital cities, housing values across regional Australia rose 2.2% in December 2021 — the highest in nine months.

Housing values across regional Australia have lifted 32%, compared to the 20% jump across the combined capitals. The strongest regional markets are found in NSW (29.8%) and Tasmania (29.5%).

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237