Affordable regional markets are becoming Australia's hottest property play
New data shows regional property markets across two states in particular are outperforming the capitals, with affordable housing, tight rental supply and surging investor demand driving double-digit capital growth.
Dubbo has the highest rate of capital growth in New South Wales, notching up a 20 per cent median dwelling value uplift. (Image source: John Carnemolla/Shutterstock.com)
Australian regional property is outperforming the big cities and it’s the cheaper end of town doing the market’s heavy lifting.
Of the 20 fastest growing regional localities in terms of price growth, 17 are sitting at or below the national regional median value of $765,769.
The notable exceptions at the top of the annual capital growth list are Western Australia’s Bunbury, Busselton and Albany in positions three, four and six respectively.
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