Business
The regional property markets outperforming Australia’s capital cities – Domain News
Property prices in some regional towns have risen by as much as 30 per cent over the past year, making it near impossible for some locals to compete with the newcomers….
Locals face being squeezed out of some of Australias most popular regional areas as property prices continue to climb with the influx of cashed-up city slickers.
In NSW, the median house price in Byron Bay rose 26 per cent over 2020, behind only Western Australias Port Hedlands leaping 30.4 per cent and Tasmanias Derwent Valleys by 26.1 per cent.
Regional Victorias median combined house and unit growth for the year, at 12 per cent, also easily eclipsed Melbournes combined house and unit price rise…
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