Regional Property Market Slows as City Exodus Peaks

Regional dwelling values across Australia saw a slight 0.1% decrease in the three months to July, indicating a slowdown after years of strong growth. This occurs as net migration from capital cities to regions reached an all-time high.

While regional areas generally outperformed capitals, this slowdown suggests a broader market adjustment. For Melbourne's western growth corridor, it might mean less competition from city-leavers, potentially stabilizing local demand and prices.