House transactions decline in Latrobe-Gippsland region: CoreLogic RP Data

The number of homes transacting across the Latrobe-Gippsland region has fallen over the 12 months to November 2014, down 7% compared to November 2013, according to recent CoreLogic RP Date research.

Despite the fact that less properties have transacted over the year, property values across the region continue to climb, up 5.1% for houses and 5.5% for units over the year to December 2014.

Latrobe-Gippsland homes are taking a long time to sell currently, 118 days for houses and 122 days for units, however it is noted that this is an improvement when compared to the same time last year when homes were taking 121 days and 130 days to sell for houses and units respectively. 

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Source: CoreLogic RP Data