Regional Price Growth
Regional house prices are experiencing the highest growth since March 2020, according to new PropTrack data.
PropTrack Senior Economist Eleanor Creagh says coastal and regional areas benefited most from affordability advantages and a pandemic-induced preference shift in recent years.
She says four years since the start of the pandemic regional home prices have outperformed their capital city counterparts in every state except Western Australia and the Northern Territory.
The best-performing regional market in the past four years was Regional Queensland with prices up 66.5% since March 2020, while Brisbane was up 63.1% during the same period.
● Regional South Australia was up 66.2% and Adelaide was up 64% ● Regional Western Australia was up 55.5% and Perth was up 57.3% ● Regional Tasmania was up 53.6% and Hobart was up 36.1% ● Regional NSW was up 51.6% and Sydney was up 34.7% ● Regional Victoria was up 40.6% and Melbourne was up 17.2% ● Regional NT was up 9.4% and Darwin was up 25.1% ● The ACT was up 37.4%
