Regional centres’ change of pace opens doors to buyers
It’s not just Australia’s capital cities that are undergoing a property market rebalance. In a convergence of suburban areas and regional towns, we’re seeing the latter experiencing performance moderations very similar to capital cities.
The value gap between the regions and the capital cities is continuing to narrow and, just like our nation’s cities, the value momentum in our regions’ hottest towns is slowing down as weaker ones increase in popularity.
The narrowing value gap has been pretty noticeable since at least September last year and has picked up since January. According to Cotality, July was the first time in nine months that our regional markets’ quarterly growth rate (1.7%) didn’t outperform the capital cities (1.7%).
But at the same time, regional centres still have plenty to offer buyers in performance growth, like rental increases, especially when it comes to annual uplifts. For a start, Cotality’s latest Regional Market Update shows a 5.9% value uplift in our combined regions over 12 months, compared to a 3% increase in our capital cities.
It also shows that our 50 largest regional significant urban areas (SUAs) still outshine capital cities when it comes to performance growth. The value of the SUAs was 1.5% in the April quarter and 1% for the combined capital cities.
According to the report, buyers in regional Western Australia are still active with Geraldton’s home values rising by 26.9% over 12 months. Albany’s annual rental growth also experienced a 13% uplift.
In Rockhampton in Queensland, properties are selling after just 11 days and in a positive shift for Victoria’s newly-emerging market, Shepparton and Mooroopna experienced a 30.3% rise in yearly sales volumes.
This year’s interest rate cuts have also altered recent performance growth in our regional centres. Cotality argues that the capital cities’ 1.1% rise from the three months to January 31, compared to 0.5% in our biggest regional areas, makes it more responsive to this year’s February interest rate cut – our first in four years.
The trend of moving from more expensive capital cities to cheaper regional areas is still popular too.
The latest figures from the Regional Australia Institute’s Regional Movers Index show average, quarterly city-to-country moves have stayed elevated at about 20.5% per cent higher than in the pre-COVID era. Our city-to-country moves also outnumber country-to-city moves by 25%.
Even with this popularity, regional New South Wales includes some of our poorest regional performers. Cotality’s Regional Market Update shows Bathurst property values only shifted by 0.3% in the last quarter while Lismore’s annual sales volume is down 18.7%. Homes in Bowral and Mittagong are taking 77 days to sell.
But overall, the demand for regional properties remains positive with this data presenting new opportunities for regional buyers, especially investors. But values and growth in regional centres are shifting and changing towards a new property cycle that is already increasingly apparent in our cities and suburbs.
I’d expect Cotality’s next Regional Market Update will highlight this shift even more than their most recent reports do. Rate cuts will likely mean further shifts in our regional values and performances.
We are also on the verge of another busy Spring period so it will be interesting to see what the next few months will bring to both regional and capital city property markets.
John McGrath CEO & FOUNDER
“Jack made selling our home really easy for us, his communication during the process was amazing and he was always there to offer any advice or if we had a question. Jack had a plan from day one of how he was going to proceed which gave us great confidence in him. Would recommend him to anyone buying or selling a home!”
Jack Aumuller is an authentic and honest professional with a genuine approach and a commitment to offering first class customer service. With over five years of experience working in the real estate industry and a strong passion for the property market, he is an integral part of the McGrath Orange team. Jack loves having the opportunity to meet new people and work with a diverse demographic, while also helping them achieve their individual property goals. He has a reputation for achieving excellent results and building long-term relationships. Having lived in Orange for over 23 years, Jack is an active member of the community and a fundamental part of the Orange Hawks rugby league team. It was his desire to work alongside some of the best agents in the industry and to be part of a leading brand that saw him join McGrath. With exceptional industry knowledge and a friendly nature, Jack is a dedicated sales specialist who you can rely on throughout your entire property journey.
Jack Aumuller
0481 985 825 jackaumuller@mcgrath.com.au
Orange | Molong | Bathurst
641 Mitchell Highway, Orange
SALE
Price Guide On Request
View By Appointment
Agent Scott Petersen 0408 583 099
Josh Fitzgerald 0414 304 898
432 Cargo Road, Orange 6 beds 3 baths 4 cars
SALE
Price Guide On Request
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
140 Guyong Road, Blayney 4 beds 3 baths 3 cars
SALE
Price Guide $2,200,000-$2,300,000
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
289 Nancarrow Lane, Orange
beds 5 baths 2 cars
SALE
Price Guide $5,500,000-$6,000,000
View By Appointment
Agent Scott Petersen 0408 583 099
131 Edinboro Lane, Orange 5 beds 2 baths 2 cars
SALE
Price Guide On Request
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
79 Thompson Road, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $2,300,000
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
SALE
Price Guide On Request View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
7 Eliza Place, Orange 5 beds 3 baths 1 car
SALE
Price Guide $3,000,000 - $3,300,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
93 March Street, Orange 5 beds 2 baths 1 car
SALE
Price Guide $1,950,000 - $2,000,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Orange | Molong | Bathurst
Merga Street, Cudal
5 beds 1 bath
SALE
Price Guide On Request View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500 1 Hilldale Crescent, Orange
12 National Avenue, Orange 3 beds 2 baths 2 cars
SALE
Price Guide On Request
View Saturday 9.15am - 9.45am
Agent Jack Aumuller 0481 985 825
Price Guide $1,750,000-$1,850,000
View Saturday 10.00am - 10.30am
Agent Josh Fitzgerald 0414 304 898
Team
Price Guide On Request
View By Appointment
Agent Scott Petersen 0408 583 099
Price Guide On Request View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
Lauren Jones 0439 620 500 1170 Mitchell Highway, Orange
Price Guide $1,480,000-$1,550,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825 1174 Ophir Road, Orange
SALE
Price Guide $1,450,000 - $1,500,000 View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500 10 Clontarf Close, Orange
Price Guide On Request
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
SALE
Price Guide $1,350,000-$1,450,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
Orange | Molong | Bathurst
24 Clontarf Close, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $1,350,000 - $1,450,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
17 Catto Close, Orange
beds 2 baths 4 cars
SALE
Price Guide $1,200,000-$1,250,000
View By Appointment
Agent Jack Aumuller 0481 985 825
35A Larela Circuit, Orange
beds 3 baths 2 cars
SALE
Price Guide $990,000
View Saturday 10.45am - 11.15am
Agent Jack Aumuller 0481 985 825
SALE
Price Guide $1,450,000-$1,550,000
View Saturday 10.45am - 11.15am
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500 8 Clontarf Close, Orange 4 beds 2 baths 3 cars
16 Clontarf Close, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $1,200,000 - $1,300,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
SALE
Price Guide $1,300,000 - $1,350,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
Team Fitzgerald 11 Clontarf Close, Orange, Orange 4 beds 2 baths 2 cars
3 Hamer Street, Orange
3 beds 2 baths 1 car
SALE
Price Guide $990,000 - $1,080,000
View Saturday 10.00am - 10.30am
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
SALE
Price Guide On Request View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
3 Eliza Place, Orange 4 beds 2 baths 2 cars
SALE
Price Guide On Request
View Saturday 10.45am - 11.15am
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
Orange | Molong | Bathurst
5 Lavender Close, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $950,000-$990,000
View Saturday 11.30am - 12.00pm
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
SALE
Price Guide $1,000,000-$1,050,000
View Saturday 11.30am - 12.00pm
Agent Jack Aumuller 0481 985 825
SALE
Price Guide $880,000 - $920,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
SALE
Price Guide $870,000 - $900,000 View By Appointment
Agent Tori White 0422 424 601
Jack Aumuller 0481 985 825
- 28 Clontarf Close, Orange
SALE
Price Guide On Request View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
Greerlyn Way, Orange
beds 2 baths 3 cars
SALE
Price Guide $900,000 - $950,000 View By Appointment
Agent Jack Aumuller 0481 985 825 18 Goldfinch Way, Orange
SALE
Price Guide $900,000-$950,000
View By Appointment
Agent Lauren Jones 0439 620 500
Scott Petersen 0408 583 099 13 Tinnock Place, Orange
beds 2 baths 2 cars
SALE
Price Guide $850,000-$880,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
Haywood Drive, Orange
beds 2 baths 2 cars
SALE
Price Guide $800,000 - $820,000 View By Appointment
Agent Jack Aumuller 0481 985 825
Orange | Molong | Bathurst
134 Warrendine Street, Orange 3 beds 1 bath 2 cars
SALE
Price Guide
$790,000-$840,000
View Saturday 1.00pm - 1.30pm
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
127 Icely Road, Orange 4 beds 2 baths 2 cars
SALE
Price Guide
$760,000 - $790,000
View Saturday 12.15pm - 12.45pm
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
12 Pearl Court, Orange 3 beds 2 baths 1 car
SALE
Price Guide $700,000-$720,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
147 Edward Street, Orange 3 beds 1 bath 1 car
SALE
Price Guide $700,000-$750,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
92 McLachlan Street, Orange 3 beds 1 bath 1 car
SALE
Price Guide $690,000-$710,000
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
62A Centennial Crescent, Orange Land
SALE
Price Guide $630,000 - $660,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
149 Edward Street, Orange 3 beds 1 bath 1 car
SALE
Price Guide $700,000-$750,000
View By Appointment
Agent Team Fitzgerald
Jack Aumuller 0481 985 825
Centennial Crescent, Orange Land
SALE
Price Guide $650,000 - $ 680,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
174 Shiralee Road, Orange Land
SALE
Price Guide $600,000-$650,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
62B
Orange | Molong | Bathurst
107 Autumn Street, Orange 3 beds 1 bath 1 car
SALE
Price Guide $589,000 View By Appointment
Agent Jack Aumuller 0481 985 825
27 Park Street, Millthorpe 2 beds 1 bath 1 car
SALE
Price Guide $530,000-$560,000 View By Appointment
Agent Jack Aumuller 0481 985 825
SALE
Price Guide $295,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
105 Autumn Street, Orange 3 beds 1 bath 1 car
SALE
Price Guide $570,000 View By Appointment
Agent Jack Aumuller 0481 985 825
15 Mountain Vista, Orange Land
SALE
Price Guide $530,000-$540,000
View By Appointment
Agent Lauren Jones 0439 620 500
Scott Petersen 0408 583 099
Lot 49, Joseph Street, Orange Land
SALE
Price Guide $299,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
3 Hilldale Crescent, Orange Land
SALE
Price Guide $500,000-$550,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
19 Camellia Place, Orange Land
SALE
Price Guide $450,000 View By Appointment
Agent Jack Aumuller 0481 985 825
Lot 114, Whitebox Street, Orange Land
SALE
Price Guide $330,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
Shiralee Estate, Tanika Street, Orange Land
Orange | Molong | Bathurst
SALE
Price Guide $330,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
5902 Mitchell Highway, Molong
6 beds 3 baths 6 cars
SALE
Price Guide $9,000,000 - $9,300,000
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
39 Thistle Street, Molong
4 beds 2 baths 4 cars
SALE
Price Guide $1,200,000
View By Appointment
Agent Jodi Murray 0428 461 910
SALE
Price Guide $330,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
SALE
Price Guide $4,100,000-$4,200,000
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
10 William Street, Molong
4 beds 2 baths 3 cars
SALE
Price Guide $830,000-$850,000
View Saturday 10.00am - 10.30am
Agent Jodi Murray 0428 461 910
SALE
Price Guide $310,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
5 beds 3 baths 3 cars
SALE
Price Guide $1,350,000 - $1,450,000
View By Appointment
Agent Jodi Murray 0428 461 910
Scott Petersen 0408 583 099
97-99 Kiewa Street, Manildra 9 beds 4 baths 4 cars
SALE
Price Guide $790,000-$830,000
View By Appointment
Agent Jodi Murray 0428 461 910
Lot 118, Whitebox Street, Orange Land
Lot 121, Whitebox Street, Orange Land
Lot 165, Sundowner Street, Orange Land
6068 Mitchell Highway, Molong
502 Banjo Paterson Way, Molong
Orange | Molong | Bathurst
14-16 Thistle Street, Molong
5 beds 2 baths 3 cars
SALE
Price Guide $750,000 - $800,000 View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jodi Murray 0428 461 910
93 Gidley Street, Molong 3 beds 2 baths 3 cars
SALE
Price Guide $650,000 - $695,000
View Saturday 9.15am - 9.45am
Agent Jodi Murray 0428 461 910
28 Toogong Street, Cudal 4 beds 1 bath 1 car
SALE
Price Guide $370,000-$400,000
View By Appointment
Agent Jodi Murray 0428 461 910
5 Riddell Street, Molong 4 beds 3 baths 8 cars
SALE
Price Guide $720,000-$760,000
View By Appointment
Agent Jodi Murray 0428 461 910
39 Queen Street, Molong Land
SALE
Price Guide $550,000 - $580,000
View By Appointment
Agent Lauren Jones 0439 620 500
Scott Petersen 0408 583 099
153 Triangle Flat Road, Rockley
5 beds 1 bath 9 cars
SALE
Price Guide $1,150,000
View By Appointment
Agent Todd Houghton 0415 505 555
54 Kinghorn Street, Neurea 4 beds 3 baths 2 cars
SALE
Price Guide $675,0000-$700,000 View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
172 Hill Street, Molong 2 beds 1 bath 3 cars
SALE
Price Guide $500,000 -$550,000
View Saturday 10.45am - 11.15am
Agent Jodi Murray 0428 461 910
7 Palmer Way, Kelso 4 beds 2 baths 2 cars
SALE
Price Guide $930,000.00 - $950,000.00 View By Appointment
Agent Todd Houghton 0415 505 555
Orange | Molong | Bathurst
5 Stinson Street, Llanarth
3 beds 1 bath 2 cars
SALE
Price Guide On Request View By Appointment
Agent Todd Houghton 0415 505 555
SALE
Price Guide $150,000 View By Appointment
Agent Todd Houghton 0415 505 555
SALE
Price Guide $670,000-$690,000 View By Appointment
Agent Todd Houghton 0415 505 555
SALE
Price Guide $150,000 View By Appointment
Agent Todd Houghton 0415 505 555
Lot
SALE
Price Guide $299,000 View By Appointment
Agent Todd Houghton 0415 505 555
74-76 Bant Street, South Bathurst Land
572, 12 Fogharty Lane, Wattle Flat Land
7-9 Robson Road, Mount David Land
3-5 Robson Road, Mount David Land
Our Property Management team
Orange, Molong & Bathurst
Bec Hammond
Orange & Molong 0401 622 447 rebeccahammond@mcgrath.com.au
Dearne Yeghoyan
Central West 0400 795 271 dearneyeghoyan@mcgrath.com.au
At McGrath Property Management in Orange, Molong and Bathurst, our dedicated team takes pride in delivering exceptional service tailored to landlords and tenants alike. From comprehensive property marketing to thorough tenant screening, proactive maintenance coordination, and transparent financial reporting, we handle every aspect of property management with professionalism and care.
For more information about how our services can benefit you, please contact our Business Development Manager Rebecca Hammond in Orange and Molong or Dearne Yeghoyan in Central West.
We’re here to help you achieve your property investment goals.
Orange 02 7903 0753
Bathurst 02 6331 5555
Molong 02 6311 1534
Guiding you home