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Sales numbers may have slowed, but there is still property price growth in the regions

first_imgProperty prices on the Sunshine Coast, where this home at 7 Longcove Place, Peregian Springs is for sale, are on the increase. Picture: realestate.com.auPROPERTY sales numbers have dropped off in the past year with a new report revealing a slow down in four of the five major regions.The latest CoreLogic quarterly regional market update for September found that dwelling sales fell in four of the five regions in the year to August 2017 with the Gold Coast experiencing the biggest drop – down by 8.7 per cent.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by Transactions numbers were also down in Townsville, – 6.3 per cent, Cairns, – 5.3 per cent and the Sunshine Coast – 2.6 per cent.Sales numbers remained stable in the Wide Bay region.While sales numbers may have dropped some regions still recorded significant increases in values. The Sunshine Coast was the best performer with values for houses up 7.1 per cent and unit values up 5.3 per cent.Gold Coast house and unit values both increased by 6.9 per cent and in the Wide Bay house values went up 1.1 per cent and units were up 0.1 per cent.Cairns only had small increases in values, houses were up 0.2 per cent and units were up 0.4 per cent, while Townsville was the only region in which values fell for both houses, down 2.8 per cent, and units, down 0.6 per cent, in the year.Download the report HERElast_img read more