The year regional housing turned property on its head

Original article by Michael Bleby
The Australian Financial Review – Page: Online : 5-Jan-21

Regional property values rose by 6.9 per cent in the 12 months to December, according to figures released by CoreLogic on 4 January. Property values for the combined capital cities rose by just two per cent, and it was the first time in almost 15 years that regional values had risen at a greater rate than metropolitan values, as the pandemic saw urban residents move to rural areas for more space and greater safety. The number of transactions in 2020 was up nine per cent on 2019, although the volume of listings was down 21 per cent.


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