Regional resurgence as property prices outpace capital cities
Led by Western Australia and Queensland, regional property prices have in the past quarter completed a rare feat in outperforming capital city real estate markets.
Towns like Busselton, Townsville and Bundaberg are undergoing a property market resurgence. (Image source: Shutterstock.com)
Regional property prices are now outpacing the capital cities, in a trend rarely seen outside the Covid years of urban escapism.
The reversal of fortunes between the cities and regions has been driven largely by double-digit annual growth in the migration magnets of Western Australia and Queensland.
Dwelling values in regional Australia recorded a quarterly increase of 1.2 per cent in the three months to January 2024, compared to the capital ci…
