Townsville Tops Nation: House prices rise 17.6 sts in 12 months – realestate.com.au

Townsville has cemented its position as the strongest performing housing market in Australia, with a housing values ​​an excellent 17.6 percent in the past year.

The latest proptrack house price index. On Monday, the growth of the Townsville’s home showed the nation with an increase from 17.6 percent to $ 569,000 – a pace that was about 3 percentage points for its nearest growth rival – the Mackay Isaac Whitsunday region.

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Proptrack senior economist Eleanor Creagh said: “Townsville remains the strongest performing region in Australia. That has been the case for several months now”.

Given the rising rents and migration that continue to climb, Townsville was expected to become one of the most popular regions in Australia for the short term.

Mrs Creagh said that the growth of Townsville “was really supported by the comparative affordability of the region and the strong population growth” – a characteristic that extends to other parts of North Queensland.

“If you look at these regions, they are some of the cheapest within regional Queensland and they continue to see a strong population growth.”

This, as the data showed that Brisbane house prices rose $ 86,000 in the past year – the largest increase in all Aussie captures – an increase of 9.6 percent per year to reach $ 936,000 for all homes (including houses and units) and a powerful testament for the Queensland Capital Resilience.

Rea Group Senior Economist Eleanor Creagh

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Regional Queensland set an even heterary pace with an increase of 9.9 percent – the Medians see rising by $ 75,000 to $ 738,000 – with a shocking four of his SA4 regions that have increased the national charts at the top of the enormous double digit growth in the past year.

Townsville led the nation with its 17.6 -PCT rise to $ 569,000, followed by Mackay – Isaac – Whitsunday that reached an increase from 14.7 % to $ 565,000, Red Central Queensland with 14.3 hp to $ 547,000 and Towoomba7) Stegen. Their closest regional rival in the rest of the country was the southeast of South Australia and saw an increase from 13.9 sts to $ 525,000.

Australia has now seen eight consecutive months of growth, with house prices getting a new high national and records throughout the country, because the real estate Juggernaut does not show a real sign of a delay.

Mrs Creagh said that the market setup was fed by interest rates, improved buyer sentiment and a stronger loan capacity.

She said that Regional Queensland was now firmly in the spotlight for investors and other buyers.

“While we enter spring, the housing market seems ready for another leg higher, albeit reinforcement in some capitals while we are becoming normalizing in others.”

For Brisbane, this means that although growth can somewhat moderate, its sizzling pace since the pandemic, the city remains a powerful force on the housing market.

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