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Investors have started to diversify where they buy, with new data showing they are purchasing further from home.
Analysis by MCG Quantity Surveyors shows the average distance between where landlords live and where they invest is 857km, up from 559km in the year to November 2021.
Real estate expert John McGrath says the ability of people to work from home has caused a massive migration from capital cities such as Sydney and Melbourne to regional Australia.
These increased prices and rents, making these locations more appealing to investors.
As a result of that increasing demand, capital growth in regional areas is now higher than in many capital cities.
McGrath says values in regional areas are growing from a much lower price base, so investors may feel there is more room for further growth in the regions over the long term.
He says recent rate rises which reduced borrowing capacities may have also lured investors to look to more affordable regional markets.
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