Regional housing surge gathers pace as builders warn supply crisis only worsening
Regional home values are rising faster than capital cities as migration surges, while builders warn planning delays, labour shortages and red tape threaten to choke off desperately needed supply.
Albany, in Western Australia's south, recorded the shortest median selling time nationally at just 10 days. (Image source: trabantos/Shutterstock.com)
Regional property markets are accelerating again, with fresh data showing house prices and rents in non-capital areas are outpacing city capitals.
The growth performance comes as builders warn housing shortages will worsen unless planning bottlenecks and workforce gaps are urgently addressed.
The latest Regional Market Update from Cotality, released Wednesday (18 February), shows dwelling values across regional Australia rose 3.2 per cent in th…
