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Hotspotting


Oct 30, 2018

Prices are growing strongly in selected markets in different parts of Australia, not that you would know it if you confined your research to reading mainstream media.

And the areas where growth is the greatest include the fringes of the Melbourne metropolitan area and areas within an hour or so of the capital city.

Our research analysis shows the best performing markets this year are Geelong and the towns of Cardinia Shire in Victoria, the NSW Central Coast and Newcastle.

First Home Buyers and investors seeking affordability are targeting the outer-ring suburbs of Melbourne and near-city regional centres, and Melbourne is one of the national leaders in first home-buyer activity.

Median prices are growing strongly in Melbourne's northern and south-western fringes, however even better growth is happening in the nearby towns of Geelong, Officer, Pakenham, and Drouin and further out in Ballarat, Mildura, Warrnambool, Bendigo and Shepparton.

So remember this when you next read that "property prices are falling everywhere".