Regional property's party year nears closing time
A year of record-breaking real estate price hikes for regional property markets is finally faltering, with 10 of the 25 largest non-capital city regions recording a fall in property values in the last quarter.
The regional property party’s not quite over but the first guests are leaving.
After a year of record-breaking profits driven by a flight from cities to regional lifestyle centres during the height of the pandemic, prices in Australia’s regional centres are now experiencing the same slowdown that has gripped the capital cities.
In a year of dancing tunes, balloons and champagne corks, the largest 25 non-capital city regions all recorded an incr…