None
EN
Regional markets reign supreme as capital cities slip
['Mathew Williams']
Property Investment News | Australia
In addition to a greater share of profitability, the data showed that units in regional areas sold for $265,000 above their purchase price compared to $225,000 in the combined capitals.
“When looking at units, the dollar figure in regionals is actually also higher than the combined capitals, which says a lot about where units are in regional Australia.”
Of the regional markets, Queensland was the strongest performer, with 98.4 per cent of houses returning a profit at a median of $432,500, while 97.6 per cent of units generated a gain of $321,000.
NSW also performed strongly, with record median profits of $370,000 and $250,000 for houses and units respectively.
“We know that the longer a home stays on the market, the deeper the opportunity for a discount becomes.”