by Sanjeev Sah | Jun 18, 2024 | Market Updates

Regional markets are growing as rental rates and dwelling values reach new records, according to CoreLogic. 

Rental rates rose 6.3% over the 12 months to April, up from 4.9% over the year to January. Comparatively, for the same two periods, rents in the combined capitals decreased from 9.6% to 9.4%. 

Meanwhile, CoreLogic economist Kaytlin Ezzy said that regional home values, after falling 5.8% between May 2022 and January 2023, have now fully recovered and set new records.  

The Regional Market Update found that 19 of the 50 largest non-capital urban areas reached record highs, driven by diverse economic activities, interstate migration and affordability.  

This data presents an interesting opportunity for investors looking for high capital growth potential and good rental yields.