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Mixed results for regional investors
Country areas in New South Wales, Western Australia and the Northern Territory experienced strong capital growth in August, according to new statistics from Residex.
The analysis found these states had experienced growth in both the housing and unit markets in non-metro areas.
Tasmania recorded the worst performance with negative growth across all regional market sectors.
The state’s best performing regional suburb, Legana, recorded only 2.97 per cent growth in housing sales.
In comparison, Warren in New South Wales was the best performer for housing sales, experiencing 22.5 per cent growth.
The country’s best outcome for unit sales was in Mulambin, Queensland, which underwent growth of 19.10 per cent.
Regional Victoria’s performance was worse than previous months, despite its top performing area, Lethbridge, growing by 21.10 per cent.
Meanwhile, South Australia’s Kingston achieved 18.17 per cent growth, although state-wide figures showed a drop in the regional markets.
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