How a shift in dwelling values have affected regional areas of Australia?

As reported in the latest CoreLogic home value index results, the national property market slowdown is having a wider impact with regional dwelling value growth experiencing the flow-on effect.

In this week’s Property Pulse, CoreLogic takes a deeper look at just how values have changed over the past 12 months outside of the capital cities.  Property Market

Overall, regional dwelling values recorded a 1.6% capital gain over the twelve months ending August 2018.

Although values have still increased over the past year, the pace of capitals has been slowing and the 1.6% increase is the slowest annual growth rate since September 2013.

Over the past year, dwelling values have increased across the non-capital city markets of every state except Western Australia (-4.4%). In regional NSW (+1.4%) value growth is the slowest it has been since April 2013 while in regional Tas (+8.0%) annual growth is the strongest it has been since March 2010.

Drilling down, the sub-regions highlight the diversity of property market conditions across the broad regional areas of Australia.

Of the 42 regional SA4 regions, 24 recorded an increase in dwelling values over the past year with the remaining 18 recording a fall.

Geelong (11.8%) was the only region to record double-digit growth while Tasmania’s South East (9.9%) and Launceston / North East Tasmania (9.3%) were the only two others to record growth in excess of 7.5%.


Change In Value

Of those regions that have recorded growth over the year, nine are in NSW, five are in Vic, three are in Qld, two are in SA, one is in WA, three are in Tas and one is in NT. 


Central Queensland (-7.7%) had recorded the largest value fall over the year followed by Bunbury I WA and Mackay-Isaac-Whitsunday (both 5.4%).

Unsurprisingly, WA along with Qld, dominates the list of regional areas in which values have fallen the most over the past year

In general terms, the regions linked to the resources sector have continued to record value falls over the past year while lifestyle markets and those close to capital cities have recorded increases.

The main exceptions are Mid North Coast and Illawarra, which are slowing as Sydney slows and Toowoomba just to the west of Brisbane.

On a quarterly basis, the number of regions recording value falls is larger than the number recording a fall over the year, indicating a worsening in regional housing market conditions over recent months.


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Avatar for Property Update


Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit

'How a shift in dwelling values have affected regional areas of Australia?' have 3 comments

  1. Avatar for Property Update

    September 17, 2018 Tom Tyman

    Excellent post!

    Are there any particular reasons for the slowdown of the property market? I’d be interested to find out.



    • Avatar for Property Update

      September 17, 2018 Michael Yardney

      Tom – it all has to do with the credit squeeze we’re experiencing – investors and home buyers are having difficulty getting finnacne


      • Avatar for Property Update

        September 19, 2018 Tom Tyman

        Thank you for replying Michael. Appreciate it.


Would you like to share your thoughts?

Your email address will not be published.


Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...