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The Guardian - AU
The Guardian - AU
National
Natasha May

House prices and rents surge in regional Australia amid influx of arrivals from cities

Australia NAB New South Wales
Accountant and single mother Emily Lightfoot from Albury NSW who has watched long term residents become homeless due to recent rental spikes.
Accountant and single mother Emily Lightfoot from Albury, NSW, who has watched long-term residents become homeless due to rent spikes. Photograph: Mike Bowers/The Guardian

Regional Australia has experienced record levels of growth across housing and rental markets in the last 12 months, according to a new report, as locals say the rising demand has priced them out.

NAB’s Regional Migration Impacts on Property Report, released on Tuesday, found “the continued flow of new arrivals into regional areas has placed an unprecedented level of upward pressure on property values, with many locations now experiencing dwelling values at new record levels”.

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