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The New Daily

Matthew Elmas

Regional property boom deflates as interest rate hikes push prices down

Eleanor Creagh Kaytlin Ezzy Australia CoreLogic PropTrack

The latest data shows that 87.8 per cent of regional properties posted price declines. Photo: TND

The regional housing boom sparked by waves of Australians fleeing major city lockdowns during COVID has finally burst, with fresh data showing property prices are now starting to plunge.

CoreLogic’s latest regional property report, published this week, reveals house values across the six most popular lifestyle markets in Australia have fallen 6 per cent or more in the past quarter.

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