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The steps to take, places to look when buying regional

Regional house price growth has been exceptionally strong over the past year, but knowing how to capitalise on this market and where to look as a prospective buyer is not always easy.

Historic buildings in Ballarat, Victoria
Regional markets such as Ballarat in Victoria often come with historic charm, while many have delivered strong capital growth in the last 12 months. Photo: Alex Cimbal/Shutterstock

Regional house price growth has been exceptionally strong over the past year, but knowing how to capitalise on this market and where to look as a prospective buyer is not always easy.

As many Australians have embarked on a tree or sea-change over the course of the pandemic, price growth in regional areas has outpaced that of the nation's capital cities.

Data from CoreLogic showed median dwelling prices in combined regional markets rose by 23.1 …