Master Builders research reveals that Bendigo has seen the sharpest decline in housing affordability in regional Victoria since 2004, moving from a rating of ‘Mildly Unaffordable’ to ‘Unaffordable’.
Residential building approvals in regional Victoria..
It appears a lack of affordable housing in Melbourne is the key driver for venturing to regional Victoria seek more affordable.
Apartments and units driving decline in housing approvals..
The latest building approvals data for Victoria has been released, showing an overall decline in approvals, with apartments/units.