Regional property markets continue to surge, with new data showing values rising faster than in capital cities.

In the three months to January, property values increased in 72.6% of regional suburbs, compared to just 51.4% of capital city suburbs, according to CoreLogic.

CoreLogic economist Kaytlin Ezzy says affordability pressures are pushing more buyers into regional areas.

“With demand skewing towards the more affordable end of the market, it’s not surprising to see value growth shift away from the capitals, towards the regions, as cash-strapped buyers look further afield for more affordable markets,” she explains.

Even within regional markets, demand is strongest in the most affordable areas, where property values jumped 9.4% in 2024.

Ezzy adds that the continued interest in regional properties highlights the long-term shift towards remote and hybrid work.

“With more people able to prioritise lifestyle over job location, the flow of internal migrants to regional markets has settled higher than the levels seen pre-Covid, helping to support housing demand.”