One sector of the regional property market is really starting to bounce back, according to CoreLogic RP Data

4 Dangerfield Drive, Elermore Vale in Newcastle is on the market for offers over $650,000. There were more than 8000 property sales in the Newcastle /Lake Macquarie region. 
THE BUOYANT property market conditions in some capital cities is starting to ripple out to regional towns, particularly coastal regions.
While towns closely linked to the resources sector are still doing it tough, the latest CoreLogic RP Data Regional Report reveals growth in values in coastal lifestyle markets.
And senior researcher Cameron Kusher tips the good news to continue throughout this year.
“With mortgage rates tipped to remain low, the attractiveness of housing, particularly in some of the larger coastal regional markets, is likely to continue to show further growth over 2015,’’ he said.
Within some of the larger regions outside of capital cities, the Illawarra region, south of Sydney recorded the biggest growth with its house values up by 9.3 per cent and units up 9.6 per cent for the year to the end of March.
On the Gold Coast house and the Sunshine Coast values also rose for houses and units.
Mr Kusher said many of these areas had recorded lacklustre growth since the financial crisis, so it was good to see them start to turn around.

This home listed for sale at 68 Twinview Tce, Idalia in Townsville will be auctioned on June 13. Picture: realestate.com.au Source: Supplied
HOW THE BIG REGIONS PERFORMED

The market on the Gold Coast has started to pick up again. Picture: Richard Gosling. Source: News Corp Australia
Newcastle and Lake Macquarie
— 8205 homes sold in the year to February.
— house values up 7.4 per in year to March.
— unit values up 6.6 per cent in year to March.
Illawarra
— 6373 homes sold in the year to February.
— house values up 9.3 per in year to March.
— unit values up 9.6 per cent in year to March.
Richmond — Tweed
— 5741 homes sold in the year to February.
— house values up 3.6 per in year to March.
— unit values up 4.5 per cent in year to March.
Gold Coast
— 18,595 homes sold in the year to February.
— house values up 4.8 per in year to March.
— unit values up 3.9 per cent in year to March.
Sunshine Coast
— 11,060 homes sold in the year to February.
— house values up 6.3 per in year to March.
— unit values up 4.7 per cent in year to March.

Townsville
— 3904 homes sold in the year to February.
— house values down -2.4 per in year to March.
— unit values down -1.4 cent in year to March.
Wide Bay
— 5523 homes sold in the year to February.
— house values up 0.2 per in year to March.
— unit values up 0.9 per cent in year to March.
Cairns
— 5874 homes sold in the year to February.
— house values up 5.1 per in year to March.
— unit values up 5.7 per cent in year to March.
Geelong
— 6191 homes sold in the year to February.
— house values up 3.5 per in year to March.
— unit values up 1.6 per cent in year to March.
Latrobe — Gippsland
— 6373 homes sold in the year to February.
— house values up 9.3 per in year to March.
— unit values up 9.6 per cent in year to March.
Bunbury
— 3746 homes sold in the year to February.
— house values up 1.2.3 per in year to March.
— unit values up 0.4 per cent in year to March