The Australian Property Report July - December 2025 15 Regional Victoria’s property market performance into the first half of this year has been mixed. While some towns like Geelong, Warragul, and Bendigo are showing solid buyer interest due to relative affordability (especially under the $800,000 mark), other regions are facing uncertainty from policy shifts and economic pressures. The statewide expansion of the Vacant Residential Land Tax has pushed some landowners to offload properties they’ve been holding, increasing listings but not always translating to strong buyer activity across the board. Meanwhile, rising costs and patchy infrastructure investment are tempering enthusiasm in smaller or more remote towns. While demand is healthy in some pockets, others are experiencing stagnation or softening, creating a fragmented and inconsistent market across regional Victoria. Western Australia’s regional property market is experiencing strong growth in 2025, driven by low housing supply, high rental yields and growing demand from local and interstate buyers. In 2024, regional values rose 16.1%, with growth continuing into this year. Broome led with a 25.41% rise in median house prices, while Mandurah, the South West and the Pilbara also saw strong gains, supported by lifestyle relocations and investor interest. While rural property activity has slowed due to tighter lending and limited land availability, overall market resilience remains. With REIWA forecasting up to 10% growth in Perth, regional centres are set to deliver similarly strong performances. Source: CoreLogic. REIWA VICTORIA WESTERN AUSTRALIA
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