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Key regions post strong capital gains

House prices in some regional centres are growing at rates that may make capital city vendors envious. Median house prices in the Illawarra region of NSW, a location recommended by Hotspotting, rose 9.3% in the year to March. House prices in the Newcastle region, another location which features in the Hotspotting forecast reports, increased 7.4%. The Sunshine Coast, which is a rising market with a strong future, recorded a 6.3% rise in its median price in the past 12 months.

Cairns reported median house price growth of 5.1%, while the Richmond-Tweed region in northern NSW delivered a 3.6% increase. Geelong house prices rose 3.5%.

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