Regional property prices nosediving fast
The meteoric regional real estate price rises that were a feature of the Covid years are now unravelling at a similar rate of knots.
Tweed Heads, at the northernmost tip of New South Wales, has recorded the strongest decline in house values. (Image source: Shutterstock.com)
Almost 90 per cent of Australia’s regional property markets have had property price falls over the past three months.
Across Australia’s largest 25 non-capital city regions, 21 recorded an increase in house values over the year to October 2022, down from 25 over the year to July.
The South East region in South Australia was the best performing
regional house market, with an annual value growth of 21.7 per cent, followed by the New South Wales r…
