Regional Australia property market dips as prestige areas give up pandemic gains

Big beneficiaries of regional migration during Covid such as Byron Bay have been hit hardest by increasing interest rates, experts say

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Regional Australia’s housing market has taken another hit with prestige areas such as Byron Bay continuing to reverse pandemic gains.

Richmond-Tweed (-24.2%), the southern highlands and Shoalhaven (-16.0%) and Illawarra (-13.7%) in New South Wales recorded the largest annual declines in house values.

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