The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
Real EstateTed TabetThu 13 Dec 18

Top 10 Largest Gains and Biggest Falls in 2018

TUD+ MEMBER CONTENT
649aaa36-f4c4-4192-b3e4-00dc21e4bfe7
SHARE
20
print
Print

Following the diminishing performances of the big property markets of Sydney and Melbourne in the past months, a lot of investors have lost confidence in real estate as a wealth-creation asset.

Research released by Corelogic has analysed the largest gains and biggest falls in dwelling values across Australia over the 12 months to November 2018.

While a foreign buyer exodus, oversupply of stock, and tighter lending conditions, have weakened market conditions across the country, the regional housing markets have strengthened with improving economic and demographic conditions supporting double digit growth.

Regional markets, where property values have been stable, are now showing signs of outpacing some of the nation's strongest markets with some regions showing impressive 15 per cent increases in median dwelling prices over the year.

Related: These Are Australia's Most Unaffordable Suburbs


Top 10 largest annual increased in dwelling values

RegionStateGrowth
South East CoastTAS16.3%
BrightonTAS14.8%
Hobart - North WestTAS14.3%
Meander Valley - West TamarTAS13.8%
North EastTAS13.7%
Gippsland - South WestVIC13.4%
Baw BawVIC12.6%
Lachlan ValleyNSW11.8%
LauncestonTAS11.1%
Sorell - Dodges FerryTAS10.9%


While Sydney and Melbourne have been notorious investment hotspots over the years, the emerging trends are leaning towards properties for sale in regional areas in Tasmania and Victoria.

Locations outside the eight capital cities, both culturally and economically diverse, are now acting much like big-city suburbs without the off-putting sky-high prices.

Tasmanian and Victorian regional areas were prevalent in the growth rankings, indicating a strong shift away from capital cities, where house prices have plummeted across the year.

A total of 15 regions nationally recorded double-digit value growth with 10 of the top 15 located in Tasmania.

Tasmania’s South East region recorded the strongest value growth over the past year with dwelling values increasing by 16.3 per cent.

Related: Melbourne House Prices Fell Faster than Sydney Over the Quarter: Domain


Top 10 largest annual declines in dwelling values

RegionStateDecline
Outback - SouthQLD-15.6%
Far NorthQLD-14.5%
Dural - Wisemans FerryNSW-14.2%
Pennant Hills - EppingNSW-14.2%
Stonnington - EastVIC-14.1%
Darling Downs (West) - MaranoaQLD-14.0%
Canada BayNSW-12.6%
HornsbyNSW-12.5%
Whitehorse - WestVIC-12.4%
BoroondaraVIC-12.2%


Regions topping value declines over the past year overwhelmingly and expectedly dominated by New South Wales with 28 regions within the top 50 located in Sydney, and four locations in the top 10.

“This reflects the fact that as value growth conditions have weakened nationally, the slowdown has been much more rapid across the capital city markets,” Corelogic head of research, Cameron Kusher said.

The outback-south region of Queensland recorded the largest dropping in value by 15.6 per cent.

The region, which includes major towns like Longreach, Charleville and Cunnamulla, was also the only region in which values have fallen by more than 15 per cent over the past year.

Related: Slow and Steady Wins: Brisbane Delivers Record House Prices

According to analysts housing prices in Sydney and Melbourne are expected to fall around 15 to 20 per cent from peak to trough, with potential spillover to Canberra, Brisbane, and Adelaide.

The predictions could spell trouble for investors and homeowners, with many now losing up to $1,000 per week in value in major cities and stability unlikely to be seen until early 2020.

“Although the sharp falls of this year, especially in Sydney, are unlikely to continue at their pace over the next year, it would not be a surprise to see that in 12 months’ time additional regions across the nation have recorded annual value falls,” Kusher said.

“More affordable regional housing markets are expected to hold up better in terms of growth than the more expensive and weaker capital city housing markets.”

ResidentialAustraliaSector
AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
First projects named in a statewide plan to fast-track supply, including thousands of homes in a major growth region…
LATEST
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/top-10-largest-gains-and-biggest-falls-in-2018