The mix of top growth towns reflects the diverse range of factors driving price growth . Beachlands is an inner western suburb of Geraldton , a town that ’ s benefited from strong conditions in iron ore . South Hedland is currently being driven by similar factors . Lancelin is a fishing and tourist town not far from Perth and growth in demand for holiday homes has likely played a role in strong price growth . Tourism growth would likely factor into growth in Djugun , a suburb of Broome .
What ’ s the outlook for regional Western Australia ? A lot rests on the performance of mining - iron ore in the short term and green energy minerals longer term . Iron ore prices have come down from the record highs experienced in mid-2021 but still remain well above long term averages . More broadly , interest rate increases this year will impact lending rates and in turn all residential markets .
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