Page 18 - Queensland Country Life Spring Property Guide

18 SPECIAL PUBLICATION Thursday September 30, 2021 .
NEWS
World off to regions

Lifestyle house prices is shadowed by
what has been experienced
trend not in Australia.
Agency Knight Frank
tracks prices in the UK's
unique to 'country market', where
average values increased by
Australia 3.7pc in the three months
to June 2021. That was the
strongest rate of quarterly
growth in 15 years, accord-
RICE growth in ing to Knight Frank. Annual
Australia's regions price growth is a 10.5pc - the
may be at an all highest since 2007.
Ptime high, but the But, taking a deeper dive,
phenomenon isn't unique to there are some 'hotspots'
this country. which have recorded levels
The worldwide move of growth akin to that in
towards work-from-home Australia.
arrangements, as well as the Real estate portal Right
desire for more space in an Move reports that interest in
age when social distancing coastal areas has increased
is paramount, has meant significantly since 2019, with
that countries as disparate properties in coastal areas
as New Zealand and Canada being snapped up 20 days
have been experiencing the faster, within 51 days.
same trend. Take a virtual trip around the world and see how Australia's regional house prices stack up. Picture: Shutterstock Enquiries for coastal
Australia's regions properties on the site from
recorded a staggering 19.6 city-based buyers has also
per cent median house price the 12 months to July 2021, SNAPSHOT ures prices in 3500 cities and been a holiday favourite increased 115pc since 2019.
growth in the 12 months to according to the Real Estate towns across Canada. among European travellers, Prices in Helensburgh,
July 2021. Institute of New Zealand. ■ Pandemic lockdowns But rises have been far but it appears that the Dunbartonshire, have risen
Markets including While that overall figure across the world prompt higher in smaller towns pandemic has many keen to by 27pc since 2019, and
Richmond-Tweed, which is eclipsed by the 28pc homebuyers to consider outside of Canada's major make a permanent move. are currently selling for an
encompass popular lifestyle growth rate experienced in country lifestyle. cities, with Reuters report- News channel France average price of £236,209
hotspot Byron Bay, have Auckland, several regional ■ Australia's regions ing earlier this year that 24 reported in May that a ($445,000).
experienced even higher districts recorded even recorded a staggering some towns had seen price record number of country
levels of growth. higher returns. 19.6 per cent median gains of more than 75pc in homes were sold in 2020. Australia
While it will likely provide Median prices in the house price growth in the 12 months. All up, the FnSafer asso- Back home, Australia's
little comfort to those Marlborough region, located 12 months to July 2021. Reuters reported that ciation, which handles rural capital cities recorded their
struggling to break into the in the north east of the South in Prince Edward County, property sales, brokered largest net loss of people on
fast-moving regional market Island and with a population which has a population of 111,930 purchases last year, record in the March quarter
in Australia, spare a thought of 50,200, rose 41.5pc in the loans made to owner-occu- 24,735 and is located around a 6.6pc increase on 2019 according to the Australian
for those trying to buy in year to July 2021 to sit at piers with a deposit of less 200 kilometresfromToronto, figures. Bureau of Statistics, with
Canada's regions, where $NZ672,000 ($642,000). than 20pc. prices had increased by Transactions involving many relocating to other
house prices in some towns In Hawke's Bay, on the 78.5pc on the year prior, properties with at least five areas within the same state.
rose by more than 70pc east coast of the North Canada with an average price of hectares of land attracted Capital cities had a
during 2020. Island, prices grew by 32.7pc Switching to the Northern $CA740,112 ($803,000) 23.5 billion euros ($37.5 net loss of 11,800 people
over the same period. The Hemisphere, Canada has re- in April. billion), a 12.1pc increase from internal migration in
New Zealand median house price in the corded an increase in house In Collingwood, also in over the year. the March 2021 quarter,
Auckland's skyrocketing region, known for its winer- prices at a national level Ontario, prices rose by 65pc, English-language news surpassing the previous
house prices are hardly a ies, is currently $NZ730,000 similar to those witnessed in while in Nelson, British site The Connexion reported record of 11,200 posted in
new phenomenon - the city ($697,000). Australia. Columbia, they were up this month that chateaux September 2020, according
has long ranked among the The New Zealand reserve The RPS House Price 46pc, according to data sales had also been booming to the latest ABS data.
most expensive in the world bank has announced plans Index, published by real from the Canada Real Estate of late, following years of a Brisbane gained the most
for homebuyers. But the to tighten mortgage lending estate company Real Prop- Association and local real flat market. people through net internal
trend is not just restricted criteria in response to the erty Solutions, reported that estate boards. migration, up 3300, while
to the country's largest city. country's rapidly escalating prices rose 19.4pc in the year UK Melbourne lost the most
Prices outside of Auckland house prices, including to June to sit at $CA733,950 France Taken as a whole, the (8300) followed by Syd-
grew at a rate of 23.3pc in reducing the number of ($797,000). The index meas- Rural France has long UK's growth in regional ney (8200).

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“Tharlane , W e e W aa E O I

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