Subject: Regional property markets surge as capital city growth cools

⚡️ Highlights:

1. Regional Australia's dwelling values rose 3.2% in the three months to January, outpacing the 2.1% increase in capital cities, indicating a shift in market momentum towards regional areas.
2. Affordability, internal migration, and competitive conditions are driving buyers towards regional markets.
3. Regional value growth has accelerated, with almost three in five of the largest regional Significant Urban Areas experiencing faster growth compared to the previous quarter.
4. Western Australia led quarterly growth in regional areas, with Albany, Kalgoorlie-Boulder, and Busselton being standout performers.
5. Regional rents have risen faster than city rents, with only four of the 50 largest regional markets recording a fall in rents in the quarter. Tasmania saw some of the fastest increases in rents.

✍️ Corelogic | Full Article

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