Strong mining conditions are the main driver of house price growth in regional South Australia and Western Australia . While iron ore remains the largest driver of growth for Western Australia , lithium production continues to increase . In South Australia , copper production was a major contributor to economic growth for the state .
While aggregate house prices are up in regional Australia , we ’ re continuing to see large increases in properties coming to market in some locations , notably beachside destinations which grew in popularity during the pandemic period . This is impacting pricing in many of these areas .