Regional Home Prices On the Road to Recovery

October 2, 2023 9:09 am in by
Image: Rapeepong Puttakumwong from Getty Images.

New figures reveal home prices across regional Victoria continue to recover, however, they remain just short of their peak in April 2022.

Combined prices outside the major cities grew 0.18% in September, taking annual growth to 1.28% with prices now just 0.78% below last year’s high-point.

Senior Economist at PropTrack, Eleanor Creagh, says the recovery hasn’t been as rapid as the capitals, although regional areas haven’t experienced the same rate of decline.

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