New South Wales (NSW) has the strongest regional housing market in Australia, according to property researcher RP Data.
The Australian newspaper reports the firm as saying that values across the state's regional towns and cities increased by 0.9 per cent in the 12 months up to April.
However, many housing markets in regional areas of Australia are suffering due to a decline in tourism.
The regional markets in Queensland and Western Australia, for example, have been particularly weak.
Property values in regional areas of Queensland fell by 5.1 per cent in the 12 months to April and in Western Australia decreased by 6.8 per cent.
House values in the Gold Coast have fallen by 11.6 per cent from their peak in January 2008, which could mean that there are many bargains available to those looking to buy Australian property in this area.
Back in February, Terry Ryder, founder of website hotspotting.com.au, wrote in a piece for the Australian newspaper that there is not a shortage of property in Australia's Gold Coast region.
Posted by Steve Douglas
The Australian newspaper reports the firm as saying that values across the state's regional towns and cities increased by 0.9 per cent in the 12 months up to April.
However, many housing markets in regional areas of Australia are suffering due to a decline in tourism.
The regional markets in Queensland and Western Australia, for example, have been particularly weak.
Property values in regional areas of Queensland fell by 5.1 per cent in the 12 months to April and in Western Australia decreased by 6.8 per cent.
House values in the Gold Coast have fallen by 11.6 per cent from their peak in January 2008, which could mean that there are many bargains available to those looking to buy Australian property in this area.
Back in February, Terry Ryder, founder of website hotspotting.com.au, wrote in a piece for the Australian newspaper that there is not a shortage of property in Australia's Gold Coast region.
Posted by Steve Douglas
