Wide Bay-Burnett home values grow slightly over 2014: CoreLogic RP Data

Home values across the Wide Bay-Burnett region increased by 0.5% for houses and 3.8% for units over the year to December 2014, according to CoreLogic RP Data.

The Wide-Bay Burnett region includes the Fraser Coast region, Gympie, South Burnett, North Burnett and Bundaberg. 

Over the past three years, capital growth across the region has been somewhat lacklustre with values having only appreciated by 2.7% for houses and 1.2% for units since December 2011.

The number of homes that sold across the region fell -2% over the 12 months to November 2014, however sales volumes are currently 3% higher than the five year average.

On average, homes across the region are taking upwards of three months to sell from when they are first being listed indicating the lack of demand across the market. 

The Wide-Bay Burnett region was named one of the Australian property markets that most favoured buyers over sellers by the Commonwealth Bank and CoreLogic RP Data in their latest Home Buyer's Index.

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Source: CoreLogic

Photo: Public domain.