Regional property hotspots revealed as prices surge outside cities

Property prices in every capital city across Australia have risen sharply over the course of 2021, but many regional markets haven’t missed out on significant growth of their own.

In fact, when it comes to the increase in dwelling values and growth in buyer demand, the regions have outperformed metropolitan areas, according to the new PropTrack’s Regional Australia Report.

“I think a lot of this is to do with the decoupling of work from location,” PropTrack economist Eleanor Creagh said.

“Traditionally, people have had a strong gravitational pull towards city centres because of their work and, until recently, working from home was impossible in a lot of jobs. That’s no longer the case and remote working has some people reassessing where they want to live.”