Top Performing Municipal Areas

Some local council areas around Australia have ignored the recorded slowdown in house sales over recent months by reporting an active buyers’ market.

A recent report prepared by rpdata.com senior research analyst Cameron Kusher shows premium property markets have experienced a lift in sales compared to last year’s results while at the same time, regional markets, generally some distance from the coastline, also gathered pace.

The largest percentage improvements in sales volumes have been in the regional markets of Australia. According to the report, 25 of the top 35 council regions were located outside of the capital cities.

Another trend noted was that the vast majority of capital city regions that recorded increases in house sales also recorded higher-than-average median prices.

Kusher says that in all but one instance, the capital city council areas that recorded the strongest change in sales volumes were within premium markets where median prices were well above the respective metropolitan median price.

For house sales, South Australia led the regional results where the greatest increase in the quarterly volume of sales was recorded in the Northern and Robe council regions.

Victoria’s Central Highlands Council also performed well and increased by 50 per cent.

For units, a number of trends emerged across the council areas. Based on the results, the differential between the council areas outside of capital cities to those within was much closer across the unit market than it was for houses.

Read the full report.