Property investment is a long-term strategy, and recent data shows where it’s delivering significant returns.
CoreLogic’s analysis of Australia’s property markets since March 2020 reveals that regional markets have outperformed capital cities, with values in combined regional areas rising by 56.3%, compared to a 33.6% increase in capital cities.
Regional areas are clearly showing strong growth, with Murray Bridge in South Australia leading the pack.
This regional town has seen its property values double over the past five years. Kingaroy in Queensland ranks second, with property values soaring by 96%.
The report highlights that seven of the top 10 locations for five-year dwelling value growth are in Regional Queensland, including Gympie, Bundaberg, Warwick, Maryborough, Hervey Bay, and Gladstone.
Western Australia also features with two entries in the top ten, Geraldton and Busselton.
Hotspotting has long identified regional locations in South Australia and Queensland as strong investment opportunities.
All cities in the top ten have recorded value increases of 84% or more, with Murray Bridge leading the charge at an impressive 101%.
For residential property investors, these regional markets represent a prime opportunity for long-term capital growth, offering higher returns compared to many capital city markets.