Victorian towns where house prices jumped by double digits in a year
House prices have jumped by double digits over the past year in a string of inexpensive Victorian regional towns, as buyers seek more affordable options.
Last year’s rate cuts, strong local economies, tree-change demand and property investors have combined to push up prices in areas that largely remain under the $600,000 threshold.
Regional Victoria’s overall median house price rose 9.2 per cent to just over $604,000 over the year to December, Domain’s latest House Price Report shows.
But the steepest rise was twice as fast. Horsham, about four hours west of Melbourne, jumped 21.8 per cent last year to a median house price of $478,000.
