Post-pandemic property price roller-coaster to flatten

Home values across Australia have soared in the five years since the COVID-19 pandemic. (Darren England/AAP PHOTOS)

Regional house prices have more than doubled and home values have surged nationwide post-pandemic, but a normalising market is still suffering from its version of long-COVID five years after the virus shut borders and kept workers at home.

Home values jumped by a third in less than two years at the height of the surge, with basement-level interest rates and people desperate for more space.