Best Regional areas to buy in the last 12 months

Via Core Logic

Queensland had the top three regions with the largest increase in sales volumes in the 12 months to May, with annual house sales across Townsville up 31.2%, followed by Central Queensland (27.9%) and Mackay – Isaac - Whitsunday (22.7%). Of the 25 regions analysed, 15 saw sales volumes decrease over the year to May, with the Southern Highlands and Shoalhaven region in NSW recording the largest fall (- 19.4%), followed by Latrobe - Gippsland, VIC (-18.8%), Richmond - Tweed, NSW (-13.4%) and Queensland’s Sunshine Coast (-12.8%)

→ Highest yearly growth: 27.8% Riverina (NSW)

→ Highest change in sales vols: 31.2% Townsville (Qld)

→ Shortest days on market: 12 days Toowoomba (Qld)

→ Lowest vendor discounts: -2.1% Latrobe-Gippsland (Vic) and Hunter Valley exc Newcastle (NSW)

Download the full Regional update report here.