Regional markets lagging capitals, with the gap set to widen
Regional property is experiencing a two-speed market not unlike Australia's capital cities but the real winners appear to be neither city now country towns but, instead, one particular price bracket.
While regional property markets are struggling to keep up with the capital cities, affordable regions like Moree in NSW (pictured) are still experiencing huge growth. (Image source: Shutterstock.com)
Regional markets that were the flavour of the pandemic are now struggling to attract buyers and are showing signs of a slowing rental market.
Capital growth in the regions came in at a modest 1.3 per cent over the three months to July, compared to a 1.8 per cent rise in capital cities.
The areas taking the biggest backward steps were in Victoria and New South Wales.
There was decline in values across 14 regional New South Wales markets and six…
