The June CoreLogic Hedonic Home Value Index results show Australian property values continue to trend lower in June amidst tight credit conditions and less investment activity.
Lifestyle markets continue to show strong demand though, with capital flowing into holiday home markets and areas popular with retiring baby boomers, which is partly why the Central Coast has out performed the Sydney market.
Whilst other markets have declined over the last 12 months, the Central Coast continues to draw a crowd from first home buyers, investors and the prestige market. Offering a wide variety of property types and budgets, the Central Coast region has continued to perform and attract buyers from other markets.
Combined regional markets across the country have significantly outperformed the metro areas, showing a 7.3% return over the last 12 months.
Should you want more information on the type of properties we purchase for our clients, don’t hesitate to contact me – available 7 days a week.