The top 50 regions of growing and declining dwelling value
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The top 50 regions of growing and declining dwelling value

The top 50 regions of growing and declining dwelling value

by Sasha Karen | December 13, 2018 | 1 minute read

New data has revealed the top 50 regions across the country that experienced the highest increase in dwelling values over the last year, as well as the largest declines.

Hobart
December 13, 2018

Growing regions

Detailed in CoreLogic’s Property Pulse report, the results of the CoreLogic Home Value Index shows that regional Victorian and Tasmanian regions were ripe with dwelling value growth over the year to November 2018.

CoreLogic analyst Cameron Kusher said that these regional areas were seeing increased attraction given the market softening across the country (occurring mostly in capital cities).

The top spot was taken out by Tasmania’s south-east region, where values rose by 16.3 per cent over the period, the only region in the top 50 list to see a value increase of more than 15 per cent.

Second and third places were also in Tasmania; the BrightonBrighton, SA Brighton, VIC Brighton, TAS Brighton, QLD region at 14.8 per cent and North West Hobart at 14.3 per cent.

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In fact, out of the top 15 places, 10 were from Tasmania.

Meanwhile, Victoria took out three places and Queensland and NSW had once place each.

Declining regions

Meanwhile, out of the top 50 declining regions, just under half (23) recorded double-digit value declines.

Outback Southern Queensland took out the bottom spot, with a value decline of 15.6 per cent, followed by Far North Queensland (14.5 per cent) and then a tie between the Dural-Wisemans Ferry regions and Pennant Hills-EppingEpping, VIC Epping, NSW regions, both in NSW (14.2 per cent each).

NSW was featured heavily, with over half of the value decline regions (28) found in the eastern state.

Other declining value regions included Victoria, Queensland, Western Australia and the Northern Territory.

Looking ahead

Mr Kusher said that the outlook for the housing market was one of further weakness adding that he expects more regions to record declines by November 2019.

“More affordable regional housing markets with healthy or improving economic and demographic conditions are expected to hold up better in terms of growth than the more expensive and weaker capital city housing markets,” Mr Kusher said.

Top 50 regions for value growth

Region

Value growth (as a percentage)

South East Coast, Tas

16.30%

Brighton, Tas

14.80%

Hobart - North West, Tas

14.30%

Bowen Basin - North, Qld

14.00%

Meander Valley - West Tamar, Tas

13.80%

North East, Tas

13.70%

Gippsland - South West, Vic

13.40%

Baw Baw, Vic

12.60%

Lachlan Valley, NSW

11.80%

Launceston, Tas

11.10%

Sorell - Dodges Ferry, Tas

10.90%

Creswick - Daylesford - Ballan, Vic

10.80%

Central Highlands (Tas.), Tas

10.50%

West Coast, Tas

10.20%

Geelong, Vic

10.10%

Hobart - North East, Tas

9.50%

Huon - Bruny Island, Tas

9.40%

Surf Coast - Bellarine Peninsula, Vic

9.20%

Burnie - Ulverstone, Tas

9.20%

HeathcoteHeathcote, NSW Heathcote, VIC - Castlemaine - Kyneton, Vic

8.80%

Ballarat, Vic

8.80%

Bourke - Cobar - Coonamble, NSW

8.70%

Devonport, Tas

8.50%

Hobart - South and West, Tas

8.40%

Barwon - West, Vic

8.10%

Woden Valley, ACT

8.00%

Campaspe, Vic

8.00%

Latrobe Valley, Vic

7.60%

MaryboroughMaryborough, QLD Maryborough, VIC - Pyrenees, Vic

7.20%

Litchfield, NT

7.10%

Outback - North and East, SA

6.80%

Tuggeranong, ACT

6.80%

WestonWeston, NSW Weston, ACT Creek, ACT

6.60%

West Pilbara, WA

6.40%

ProspectProspect, NSW Prospect, TAS Prospect, SA - Walkerville, SA

6.30%

Barossa, SA

6.20%

Urriarra - Namadgi, ACT

6.10%

Kenmore - BrookfieldBrookfield, QLD Brookfield, VIC Brookfield, QLD - Moggill, Qld

6.00%

Tablelands (East) - Kuranda, Qld

5.80%

Hobart Inner, Tas

5.80%

Adelaide Hills, SA

5.60%

Upper Goulburn Valley, Vic

5.40%

MaitlandMaitland, SA Maitland, NSW, NSW

5.40%

Gold Coast Hinterland, Qld

5.30%

Mildura, Vic

5.30%

Charles Sturt, SA

5.30%

Gympie - Cooloola, Qld

5.10%

Centenary, Qld

5.00%

Central Highlands, Qld

4.90%

CabooltureCaboolture, QLD Caboolture, QLD Hinterland, Qld

4.90%

Top 50 regions for value declines

Region

Value decline (as a percentage)

Swan, WA

-7.60%

Esperance, WA

-7.60%

Maroondah, Vic

-7.60%

CanterburyCanterbury, NSW Canterbury, VIC, NSW

-7.70%

Marrickville - SydenhamSydenham, VIC Sydenham, NSW - Petersham, NSW

-7.70%

AuburnAuburn, SA Auburn, NSW, NSW

-7.80%

CampbelltownCampbelltown, NSW Campbelltown, SA, NSW

-7.90%

Bunbury, WA

-8.00%

Penrith, NSW

-8.20%

Daly - Tiwi - West Arnhem, NT

-8.40%

ManlyManly, NSW Manly, QLD, NSW

-8.40%

Wheat Belt - South, WA

-8.50%

Wollongong, NSW

-8.50%

Kogarah - Rockdale, NSW

-8.60%

Bringelly - Green Valley, NSW

-8.60%

Gladstone, Qld

-8.60%

Knox, Vic

-8.60%

Augusta - Margaret River - Busselton, WA

-8.90%

Biloela, Qld

-9.20%

Innisfail - Cassowary Coast, Qld

-9.40%

Glen Eira, Vic

-9.40%

Mount Druitt, NSW

-9.40%

Whitehorse - East, Vic

-9.50%

Blacktown - North, NSW

-9.60%

Manningham - West, Vic

-9.70%

Rouse Hill - McGraths Hill, NSW

-9.80%

Ku-ring-gai, NSW

-9.90%

Mid West, WA

-10.10%

Bankstown, NSW

-10.30%

Bayside, Vic

-10.30%

Merrylands - GuildfordGuildford, WA Guildford, NSW, NSW

-10.70%

Liverpool, NSW

-10.70%

Cronulla - Miranda - Caringbah, NSW

-10.80%

Carlingford, NSW

-10.80%

Sutherland - Menai - Heathcote, NSW

-10.90%

Parramatta, NSW

-11.10%

Botany, NSW

-11.20%

Baulkham Hills, NSW

-11.20%

Ryde - Hunters Hill, NSW

-11.30%

Hawkesbury, NSW

-11.30%

Boroondara, Vic

-12.20%

Whitehorse - West, Vic

-12.40%

Hornsby, NSW

-12.50%

Canada Bay, NSW

-12.60%

Darling Downs (West) - Maranoa, Qld

-14.00%

Stonnington - East, Vic

-14.10%

Dural - Wisemans Ferry, NSW

-14.20%

Pennant Hills - Epping, NSW

-14.20%

Far North, Qld

-14.50%

Outback - South, Qld

-15.60%

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