Regional property surge ‘to continue for a decade’
Australia’s leading property advocacy body says a shortage of affordable property in the capital cities is set to fuel a decade-long shift to regional centres.
Mullumbimby, just north of Byron Bay in NSW, has been a popular location for those seeking a tree change. Photo: Shutterstock (Image source: Shutterstock.com)
A shortage of property supply in the capital cities is set to fuel a decade-long shift to regional centres, as Australia’s regional housing market continues to outpace the state and territory capitals.
Property Council of Australia chief executive Ken Morrison told Australian Property Investor Magazine that a lack of affordable urban supply would ensure a population and capital shift to the regions would continue in most states over the next te…
