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Regional Victorian house prices surged, led by towns like Horsham and Yarriambiack, due to low rates, strong jobs, and demand outpacing supply.
House prices in several affordable Victorian regional towns rose sharply in the past year, with Horsham up 21.8% to $478,000 and Yarriambiack jumping 18.3% to $220,000, while Mildura, Benalla, and the Northern Grampians saw gains over 15%.
Regional Victoria’s median price reached $604,000, a 9.2% increase, fueled by lower interest rates, strong local job markets in agriculture and healthcare, and the expanded 5% deposit scheme.
Demand from first-time buyers and investors, drawn by affordability and lifestyle benefits, has outpaced supply, raising concerns about affordability for locals.
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Los precios regionales de las viviendas victorianas aumentaron, liderados por ciudades como Horsham y Yarriambiack, debido a las bajas tasas, los fuertes empleos y la demanda que superaba la oferta.