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The Guardian - AU
The Guardian - AU
National
Caitlin Cassidy

Australia’s regional property boom slows but housing stress still a major concern

Kate Colvin Gold ANZ CoreLogic Gold Coast Pandemic
Properties on the Gold Coast, where house values have declined 1.2% over the three months to July.
Properties on the Gold Coast, where house values have declined 1.2% over the three months to July. Photograph: Russell Freeman/AAP

The regional housing boom is beginning to slow in trophy hotspots across New South Wales and Queensland after years of “phenomenal” growth, although overall the market is still outpacing capital cities.

CoreLogic’s latest regional market update found 10 regions registered modest value declines in the three months to July, with beach and country lifestyle areas the first to show market weakness after record-breaking rises during the pandemic.

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