Buyers are back searching for properties in regional locations, with price growth now outpacing the major capital cities.
According to CoreLogic, regional Australia recorded a quarterly increase of 1.2%, compared to capital cities that increased by 1% over the same period.
Capital growth remains varied across Australia’s 50 largest regional areas, however many of the standout performers were from WA and Queensland.
WA’s coastal towns of Albany and Bunbury recorded the highest quarterly rises, with value growth of 7.7% and 6.2% respectively, ahead of Northern NSW’s Lismore (5.5%), and Townville (4.7%) in Queensland’s North.
