Geelong has featured in a top ten list of regional hotspots for property purchases.
NAB data has revealed Queensland is leading the nation for regional purchases in 2024, with Geelong coming in at number six.
Denton Pugh from the bank said the pandemic sparked a shift to regional living, and demand was still increasing.
“Over the past few years, Australians’ love for the regions has only grown stronger, as people prioritise space, affordability, and a sense of community,” he said.
“Fast-growing regional hubs and coastal areas with the right balance of job opportunities, lifestyle benefits, infrastructure and strong, or strengthening, local economies are seeing more significant increases.”
Mr Pugh said the housing market was expected to face challenges and opportunities in 2025, with the market slowing towards the end of the year.
