Regional Victoria insights from Red Report
Our expert agents in Regional Victoria have shared their top three trends and predictions for their local market in 2017.
Top three trends
- Apartment market lifts in Ballarat
Apartments in Ballarat Central are seeing an 18% rise in capital growth.
- Eateries and cafes rise
New cafes and great places to eat continue to attract weekend renters and younger buyers alike.
- Young buyers drive demand
Families with young children are relocating to Ballarat thanks to its community vibe and affordable housing.
Housing estates in regional areas continue to grow in popularity, especially from investors catering to the rental market in these areas. As of the 1st of July, the first home buyer grant will increase for those buying new homes in regional areas, which will drive up competition for new dwellings.