Similarly to capital cities , regional areas are also recording strong price growth . There are , however , some areas that are more challenged and this has shown up a little in this month ’ s price falls in regional New South Wales , Victoria and Western Australia . As expected , some areas with a large number of holiday homes are seeing prices moderating and even falling in some cases . Restrictions to Airbnb in many local areas , as well as the ability to travel more widely post pandemic , has made owning a holiday home less attractive to some owners .
After a very strong period , we ’ re also seeing poorer performance in many agricultural areas . This is also flowing through to pricing , particularly those exposed to wheat and livestock .
Similarly to houses , units in regional Australia are seeing very similar conditions . The month on month declines in regional New South Wales , Victoria and Western Australia are however stronger .