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The New Daily
The New Daily
Matthew Elmas

‘Swift and significant’: Plunge in regional property prices as pandemic migration ends

The "charm" of regional property has faded for Australians as rate hikes bite, new data reveals. Photo: TND

The Australian “love affair” with moving out of big cities during COVID-19 has ended, with regional areas suffering sharp declines in property prices as vendors discount their homes, new data reveals.

CoreLogic’s latest regional market update, published on Wednesday, finds some of Australia’s most popular lifestyle areas during the pandemic are among the hardest hit by the housing downturn.

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