Hey all , Been flicking through the valuer general report again and although I note there are a few inner Melb suburbs down year on year and prev quarter to the last quarter The biggest concern seems to be regional areas of Victoria .
Here are some examples , Beechworth , Benalla , bonbeach, Maffra ,lakes entrance ,eurora ,launching place,glen rowan, creswick,Mount dandenong [could be an exception as prices vary widely ]
The xl spread sheet is found at the bottom of this page ;
http://www.dtpli.vic.gov.au/property-and-land-titles/property-information/property-prices
Houses by suburb xl .
Does anyone understand why many regional vic towns are being hit ? is it folks selling holiday houses ? oldies moving back to town ? regional areas running out of work ?
some form of cyclical move ?
I would appreciate folks thoughts on this as heard from a mate who lives in the wheat belt ,this week ,that the work situation in the last few months has been a disaster . Is it like that everywhere in regional areas or just vic specific .
thanks in advance
cheers g
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property by suburb crash in regional areas ?
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