Australian South Coast property values decline as affordability and cost pressures mount.

The South Coast property market in Australia is experiencing a downturn following its post-pandemic boom. CoreLogic's report shows that while regional areas have seen a 1.1% rise in property values, the South Coast has witnessed a decline, with towns like Nowra and Bomaderry seeing a 0.6% drop and Batemans Bay a 2.7% decrease. This shift is attributed to reduced affordability, higher interest rates, and cost of living pressures.

December 02, 2024
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