The latest “Domain Housing Price Report” shows that housing prices in mining towns and rural areas have seen strong growth.
In the three months ending in June, the median house price (including detached houses and units) in Australia’s rural areas increased by 0.1%, reaching a median price of A$417,608. In contrast, the median house price in all capital cities fell 2.1% in three months to $734,334.
Domain senior research analyst Powell (Nicola Powell) said: “House prices in rural areas usually do not fluctuate as sharply as in cities, but can provide owners with stable capital appreciation.” The largest increase was in rural areas in Victoria, where prices rose. By 1.6%.
Dr. Powell said that such a township market is not very dependent on overseas immigrants and interstate immigrants, and now the new crown epidemic has also prevented these two types of immigrants. She said that the biggest declines were concentrated in Sydney and Melbourne, which are hot spots for immigrants from Australia and New Zealand, while the Hobart market was mainly supported by interstate immigration.
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