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Regional house prices outperform capital cities

Great news for those looking to purchase at Harriott, located in the regional area of Greater Geelong.

According to CoreLogic, house prices across Australia grew by more than 4% over the last quarter. This is the biggest increase since 2009, with Melbourne recording a 6.1% increase.

However, regional locations including Geelong have performed even better over the last three years than Sydney, Melbourne and Brisbane.

“The official best-performed market was Glenorchy (40%), while some other absolute standouts include Macedon Ranges (35%) and Geelong (29%),” Propertyology head of research Simon Pressley said.

House prices in Greater Geelong remain affordable, with many land options available at Harriott. You can explore more land options here.

To read more about the performance of regional house prices, head to The Urban Developer

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