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%.