Business
Locals priced out as regional homes double city price growth – Yahoo Finance Australia
In one area, the median house price is more expensive than Sydney.
There are new warnings locals are being priced out of their home areas. (Images: Getty).
Long-time locals risk being priced out of their home towns as Australias regional housing markets record value growth double that of capital cities.
Australias regional market has seen home prices grow 13 per cent over the last 12 months, compared to 6.4 per cent in the capital cities.
This can partly be explained by the new popularity of remote and flexible working arrangements, but also increased demand for…
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