Four charts that show regional returns in a league of their own
There has been no shortage of reporting about the relatively strong performance of regional Australian dwelling markets over 2020. December home value data showed the combined regional dwelling market increased 6.9% in value over the year; a growth rate more than three times the rate of the combined capital cities.
But even more impressive than value changes in 2020, is the return that some areas have shown in the longer term.
This can be seen when looking at 10 year annualised growth rates, which is the average annual compounding growth rate over the past 10 years. By this metric, some ‘secondary cities’ have performed just as well as, if not better than, their capital city counterparts. This is a particularly prominent trend…