Residential values are believed to double every 10 years. Investors in real estate are usually motivated by capital growth. The capital cities and regional areas have different growth in the past 10 years. Urban regeneration is often a major driver of property price growth. For example, Rosebery in Sydney’s south has moved from being a semi-industrial suburb to a highly desirable inner-urban area.
There are some suburbs the residential price of which have strong growth in the past decade.
According to the data in the table, it can be seen that Victoria and New South Wales have the top 10 regions with the highest growth rate of real estate price in the past 10 years, the growth rate is all over 100%, and the highest one is nearly 200%.
However, the residential value growth in capital and the regional area is different. It can be seen from the table that the growth of the capital area is higher than that of the regional area in each state. The median price in Sydney has increased by 70% over the past ten years, which is close to 100%.
Overall, the table below shows the difference between the growth of capital cities and regional areas.
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