Regional Australia’s property market is accelerating at its fastest pace since the start of the rate tightening cycle, with new figures showing the strongest growth since May 2022. Cotality’s November Regional Market Update reports a 2.4 per cent rise in regional dwelling values over the past quarter.
Western Australia led national gains, with Kalgoorlie–Boulder up 8.1 per cent, Geraldton rising 7.4 per cent and Albany climbing 6.2 per cent. Albany also posted a 23.3 per cent annual increase.
In the Hunter, the market remains firmly in growth mode. Newcastle–Maitland recorded a 3.3 per cent quarterly rise and 7.6 per cent annual growth, pushing its median value to $916,406. The vacancy rate is just 1.1 per cent, and rents rose another 1.7 per cent over the quarter.
New data also shows strong conditions in Singleton, where the median value is now $697,215. The area saw quarterly growth of 3.6 per cent and annual growth of 6.6 per cent. Rents climbed 0.7 per cent, the vacancy rate sits at just 0.5 per cent, and gross yields are at 4.9 per cent.
Muswellbrook recorded a median value of $506,090, with quarterly growth of 0.2 per cent and 7.6 per cent growth over the year. Rents rose 0.5 per cent, the vacancy rate stands at 3.9 per cent, and yields remain strong at 5.8 per cent.
Morisset–Cooranbong posted quarterly growth of 3.5 per cent, with rents lifting 2.8 per cent.
Across the Hunter, gross rental yields range from 3.9 to 5.8 per cent, offering higher returns than many Sydney markets. Low vacancy rates in most localities reflect ongoing competition among renters and sustained housing demand.
Statewide, results were mixed. Bowral–Mittagong in the Southern Highlands was the only NSW region to record an annual decline. The Hunter’s performance aligns with a broader national trend of buyers chasing better value outside capital cities.
