Australia’s smaller capital cities and regional areas are continuing to outperform, with new figures showing double-digit price growth across many markets.

The top ten regional markets have outperformed the capital city markets in the 12 months to April 2025, according to CoreLogic data. While the Western Australia statistical area, Midwest, tops the list with 25.4% dwelling growth, a further eight locations in the top ten are in regional Queensland.

The best Queensland performer for dwelling price growth is Townsville, up by 23.5%, followed by Gladstone, 22.2% and the Central Highlands, up 21.8%
Despite price growth easing in Perth markets, it still has seven locations in the top ten capital city statistical areas for dwelling price growth.

Swan leads the list with 16.8% growth, followed by Mundaring, which is up 15.7%.
Adelaide’s Playford and Mitcham statistical areas both recorded dwelling growth of 13% and the Beenleigh area in Greater Brisbane is also in the top ten for growth of 13.8%.
CoreLogic Research Director, Tim Lawless, says regional markets are continuing to benefit from working from home arrangements.

“Regional markets seem to be benefitting from a second wind of internal migration, along with an affordability advantage in some markets, and what looks to be some permanency in hybrid working arrangements across some occupations and industries,” he says.