Gloss comes off regional housing market as tree-changers return to the city

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In a case of what goes up must come down, property prices in Byron Bay have plunged 25 per cent in the past 12 months. But not all regions have fallen. Here's how they performed.

abc.net.au/news/property-prices-fall-australia-corelogic-data/101978720In a case of what goes up must come down, property prices in Byron Bay have plunged 25 per cent in the past 12 months as interest rate hikes start to bite and tree and sea changers move back to the city.

Bucking the general downward trend, South Australia's South East was the best performing regional market with Kangaroo Island, the Fleurieu Peninsula and the Limestone Coast recording a 15.7 per cent increase in house values.The median value of a home in the South East is now $426,903 and properties are spending on average 36 days on the market, compared to 38 days this time last year.

 

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Ah not in SEQ.. prices 1hr from Brisbane are ridiculous

What on earth is a 'tree-changer'? Seems right up there with 'not ruled in'. 🧐

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