Regional prices are rising at a slower pace now that Melbourne is not in lockdown.
For regional Victoria overall, house prices rose 0.9 per cent in the three months to June, to a record high median $590,000, but this increase was slower than the peak quarterly rate of growth of 11.2 per cent reached in the December quarter of 2021. She expects the price momentum to slow, including as interest rates rise, but said that would flow through to different towns at different times.In western Victoria, part of the price growth has been pandemic-driven, said estate agent Nick McIntyre of Elders Real Estate Warracknabeal, in the Yarriambiack shire.
LJ Hooker Bairnsdale principal Steve Holmes has seen an increase in buyers moving there from the city.
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