![]() However, Ms Owen said, it was hard to imagine this momentum continuing for most regional markets this year. Over the 12 months to January 2022, 24 regions recorded double-digit annual growth for houses, and 18 regions saw gains in excess of 20 per cent. Ms Owen said interstate migration trends may have acted as a tailwind for the most-popular lifestyle regions at the end of 2021, even as affordability challenges emerged as fixed rates started to move higher. Meanwhile, the combined growth rate of capital city dwelling prices was 21.3 per cent for the same period. The new dynamic has seen median dwelling prices across Australia's combined regional markets jump 26.1 per cent over the previous 12 months. ![]() Meanwhile, the top four regions with the largest change in sales volumes were all in Queensland: The fastest-selling region for houses was the Sunshine Coast, where the median time on market over the previous 12 months was 15 days.
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