Given that 34% of people in Australia don’t live in capital cities, why oh why do all the property analyses focus only on capital cities (see The year ahead in property, December 22, 2014)?
Yours in frustration,
Tim Lawless’ response: Thanks for your email. There are a few reasons we at CoreLogic RP Data focus on capital cities. As you have pointed out, partly it relates to the population distribution; 66% of the nation’s population live within a capital city and this is where the most interest is. Another reason simply comes back to reporting space – it is often the case that including major regional centres pushes the word count on our media features too high.
We do release a great deal of information on non-capital city markets though. Every quarter we release a regional review report which focusses on the largest regional (i.e. non-capital city) housing market dynamics. Additionally, our indices cover all regions around Australia down to the suburb or postcode.
It is often the case that we provide detailed information on topical regional areas such as mining locations, lifestyle markets, acreage locations etc.