Regional property markets miss out on population boom
Australia's record population growth has been centred on the most populous cities, leaving regional property markets out in the cold.
Bunbury, in Western Australia's south west, was one of the better performing regional property markets in the country. (Image source: Shutterstock.com)
Australia has experienced record population growth that has helped prop up capital city real estate markets but regional areas are being overlooked and property values underperforming as a result.
Even the impact on capital city prices is being diluted by the fact 20 per cent of new arrivals into the country are taking up existing stock in non-private dwellings, such as student accommodation and worker housing, but prices gains are still outpaci…
