House prices in regional NSW and Victoria drop significantly due to higher interest rates.

House prices in regional areas of New South Wales and Victoria have dropped significantly due to higher interest rates, limiting borrowing capacity and reducing demand for expensive homes. In NSW, towns like Beechwood and Springvale saw median house values fall by up to $100,000. In Victoria, Venus Bay experienced a 13.8% drop, San Remo saw an 11.6% decline, and several Ballarat suburbs faced reductions between 9% and 11%.

1 month ago
13 Articles