Victoria’s Surf Coast and Maitland in NSW’s Hunter region have increased in population.Housing prices have soared in Australia’s fastest-growing regional areas, where even a rollout of new home builds has not been enough to meet demand.
Several regional areas within extended commuting distance of the capitals recorded a growing population, such as Victoria’s Surf Coast — up 4.4 per cent — or Maitland in the NSW Hunter region, up 3.5 per cent. He highlights infrastructure such as sought-after schools, beaches and amenities such as golf courses or bike tracks.
“Maitland real estate has been undervalued for a long time but I think people are realising we have got all the facilities here,” she said, citing its location close to Newcastle and Newcastle airport, train links, Hunter Valley vineyards and old-style pubs among other amenities.Mr Nyquist has seen an increasing number of out-of-area buyers, including some from Sydney who bought sight-unseen during lockdown.
House prices in the Ipswich statistical area are rising, but at a more moderate pace — up 5.6 per cent over the past year to a median $475,000.
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