Ballarat leads regional price growth: REIV

| Jul 25,2015

The house market is securing greater price growth in regional Victoria than unit price growth, according to the REIV's June quarter data.

Regional

Regional Victoria	Jun-15 Quarter	Quarterly change	Mar-15 Quarter	Annual change
House	$346,000	1.5%	$341,000	6.30%
Unit and Apartment	$257,500	-1.5%	$261,500	3.00%

The median prices are seasonally adjusted and annual change are based on rolling annual figures.

House prices, Regional centres

	Jun-15 Quarter	Quarterly change	Mar-15 Quarter	Annual change
City of Greater Geelong	$411,250	0.3%	$410,000	-1.3%
City of Greater Bendigo	$338,250	0.4%	$337,000	1.0%
City of Ballarat	$317,250	2.3%	$310,000	5.4%

Note: regional median prices are based on 12 months ending the quarter

Click to enlarge

Ballarat leads regional price growth: REIV

This graph shows median house and unit prices in Regional Victoria over the past decade in seasonally adjusted terms.

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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House Price Growth

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<h2> Ballarat leads regional price growth: REIV</h2>

<html><body>
<p><span>The house market is securing greater price growth in regional Victoria than unit price growth, according to the REIV's June quarter data.</span></p>
<p>Regional</p>
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="152">
<col width="152">
<col width="156">
<col width="132">
<col width="119">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='[null,2,"Regional Victoria"]'>Regional Victoria</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Mar-15 Quarter"]'>Mar-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-value="[null,3,null,346000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$346,000</td>
<td data-sheets-value="[null,3,null,0.015]" data-sheets-numberformat='[null,3,"0.0%",1]'>1.5%</td>
<td data-sheets-value="[null,3,null,341000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$341,000</td>
<td data-sheets-value="[null,3,null,0.063]" data-sheets-numberformat='[null,3,"0.00%",1]'>6.30%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit and Apartment"]'>Unit and Apartment</td>
<td data-sheets-value="[null,3,null,257500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$257,500</td>
<td data-sheets-value="[null,3,null,-0.015]" data-sheets-numberformat='[null,3,"0.0%",1]'>-1.5%</td>
<td data-sheets-value="[null,3,null,261500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$261,500</td>
<td data-sheets-value="[null,3,null,0.03]" data-sheets-numberformat='[null,3,"0.00%",1]'>3.00%</td>
</tr>
</tbody>
</table>
<p><br><span>The median prices are seasonally adjusted and annual change are based on rolling annual figures.</span></p>
<p> </p>
<p><strong><span> House prices, Regional centres</span> <br><br></strong></p>
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
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<col width="152">
<col width="152">
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<col width="132">
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<tr>
<td> </td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Mar-15 Quarter"]'>Mar-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"City of Greater Geelong"]'>City of Greater Geelong</td>
<td data-sheets-value="[null,3,null,411250]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$411,250</td>
<td data-sheets-value="[null,3,null,0.003]" data-sheets-numberformat='[null,3,"0.0%",1]'>0.3%</td>
<td data-sheets-value="[null,3,null,410000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$410,000</td>
<td data-sheets-value="[null,3,null,-0.013]" data-sheets-numberformat='[null,3,"0.0%",1]'>-1.3%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"City of Greater Bendigo"]'>City of Greater Bendigo</td>
<td data-sheets-value="[null,3,null,338250]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$338,250</td>
<td data-sheets-value="[null,3,null,0.004]" data-sheets-numberformat='[null,3,"0.0%",1]'>0.4%</td>
<td data-sheets-value="[null,3,null,337000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$337,000</td>
<td data-sheets-value="[null,3,null,0.01]" data-sheets-numberformat='[null,3,"0.0%",1]'>1.0%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"City of Ballarat"]'>City of Ballarat</td>
<td data-sheets-value="[null,3,null,317250]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$317,250</td>
<td data-sheets-value="[null,3,null,0.023]" data-sheets-numberformat='[null,3,"0.0%",1]'>2.3%</td>
<td data-sheets-value="[null,3,null,310000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$310,000</td>
<td data-sheets-value="[null,3,null,0.054]" data-sheets-numberformat='[null,3,"0.0%",1]'>5.4%</td>
</tr>
</tbody>
</table>
<p><strong><br></strong><span><span>Note: regional median prices are based on 12 months ending the quarter</span></span></p>
<p><a href="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2015%20Q2%20Jun/Median%20price%20Regional_June%20Q%202015.ashx" target="_blank">Click to enlarge </a></p>
<p> <img width="580" height="435"  src="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2015%20Q2%20Jun/Median%20price%20Regional_June%20Q%202015.ashx?h=422&w=700&as=1" alt="Ballarat leads regional price growth: REIV" width="700" height="422"><a href="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2015%20Q1%20Mar/Chart_Mar15medians_Regional.ashx"></a><a href="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2014%20Q4%20Dec/Chart_Dec14medians_Regional.ashx"></a><a href="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2014%20Q3%20Sep/Chart_Sep14medians_Regional_EMiNcV6J.ashx"></a></p>
<p><span> This graph shows median house and unit prices in Regional Victoria over the past decade in seasonally adjusted terms.</span></p>
</body></html><p>
This article is republished from
<a href="https://www.urban.com.au">Urban.com.au</a> under a Creative Commons
license. Read the <a href="https://www.urban.com.au/expert-insights/buying/44342-ballarat-leads-regional-price-growth-reiv">original article</a>.</p>