Regional population growth points to increased house price pressure
The move to the regions is still unfolding but that exodus from the cities is slowing, with major implications for property prices in regional Australia.
Bendigo recorded a fourfold increase in net migration from capitals. (Image source: Shutterstock.com)
Population growth adds fuel to the housing crisis and pushes property prices up, as was seen when regional real estate values soared during the pandemic flight to the countryside.
There are still more people making tree- and sea-changes than heading to the capital cities but the volume of people heading to the beach or bush has taken its biggest dip since June 2022.
The Regional Movers Index (RMI), published by the Regional Australia Institute,…
