Property owners in Western Australia are seeing their house values soar to record highs, according to new data. CoreLogic's latest data, released on Monday, shows that regional house values and rents outperformed capital cities in the first quarter of 2024, jumping 2.1 per cent compared to 1.7 per cent. Homes along Western Australia's coast increased most in value, with properties in Geraldton up 8.8 per cent, Busselton increasing 7.7 per cent and Bunbury rising by 6.
Townsville, Rockhampton and Gladstone in Queensland were also off to a strong start for the year, recording growth of 5.8 per cent, 5.1 per cent and 4.6 per cent, respectively, in the first three months of 2024. Gold Coast properties proved the most popular across regional Australia, with 17,986 homes sold in the first quarter, despite prices jumping 12.7 per cent over 12 months. While Castlemaine in Victoria rounded off the top 10 suburbs for value growth, up 3.
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