Home Prices Stay Strong as Local Population Jumps

March 4, 2024 9:07 am in by
Credit: Tobias Titz via Getty Images.

New figures reveal home prices across regional Victoria rose only 0.02 percent last month, but the North West still remains strong.

The median home price for the region is $376,000, growing 3.86 percent on last year’s figures.

Senior Economist at PropTrack, Eleanor Creagh, says regional prices continue to track upwards, but at a slower pace than the major cities.

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This follows fresh data proving that Bendigo is now the most popular place to live for regional Australians with a massive 300 per cent jump. The December 2023 Regional Movers Index (RMI) showed a boom in the number of regional Australians wanting to make Bendigo home.