Regions Outperforming Capital Cities

Regional Australia’s property market continues to outperform, with new data showing that dwelling values are rising faster than in capital city markets.

Regional dwelling values rose 3.3% over the three months to April, while the combined capital cities rose by 1.1%.

Cotality analysis shows that Regional Western Australia is a standout performer, with values rising 5.9% over the quarter – up from 5.6% in the previous quarter.

Busselton has the highest quarterly growth nationally at 7.5%; the Kalgoorlie – Boulder region has the highest annual growth; Albany has the shortest days on market (10) and the lowest vendor discounting.

Regional New South Wales featured prominently in the poorest performing regional market list, particularly the Bowral – Mittagong region. It has the lowest quarterly growth, the lowest annual growth and the highest vendor discounting. Batemans Bay in NSW has the longest days on market (67).

Cotality’s Head of Research Australia, Gerard Burg, says Australia’s regional markets are resilient.

“Affordability remains a central driver, with internal migration patterns continuing to favour regional areas where buyers can find greater value and a different pace of life,” he says.