Ray White Now - July 2024 | Page 7

Regional unit markets continue to mirror trends observed in the housing sector . The shifting outlook on interest rates is expected to further dampen interest in investment properties and holiday homes , particularly in coastal areas . Victoria ’ s market continues to struggle , with an influx of investor properties coming to market , leading to a 0.1 per cent value decrease this month and a modest annual growth of just 2.7 per cent . Tasmania shows the most significant monthly decline at 0.2 per cent , while New South Wales has remained stable .
South Australia leads in terms of annual growth , up 16.3 per cent . However , Western Australia has demonstrated the highest monthly increase at 1.1 per cent , coupled with a year-on-year growth of 15.4 per cent . Affordability remains a key factor driving these markets .