Housing market: Houses fetch $500k discounts in these popular regional markets

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 90%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

House prices in popular areas such as Byron Bay have slumped by as much as $570,000 since peaking two years ago.

such as Byron Bay have slumped by as much as $570,000 since peaking two years ago as buyers falter in the face of high interest rates, data from CoreLogic shows.

Those in Sunshine Beach on Queensland’s Sunshine Coast and Gerroa in the NSW Illawarra region are now cheaper by about $422,000.Meanwhile, house prices in Lorne, on the Great Ocean Road in Victoria, and Noosa Heads in Queensland have declined by $379,949 and $301,805, respectively.in those prestigious regional markets.

“The difference now, though, is that we are at a bit of a crunch time for the economy, where interest rates are still high, but the labour market is starting to unwind. House values in Burradoo in the NSW Southern Highlands are also substantially cheaper than they were two years ago after the median slumped by $228,483, while those in Austinmer in the Illawarra region are lower by $222,869.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Housing market: Is the housing boom in Brisbane about to end?Brisbane’s rapid pace of growth has likely peaked but Perth prices are still “shooting the lights out”, experts say.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »