The latest price data from Domain suggests Melbourne prices are rising again - and it depicts strong growth markets in various parts of regional Australia.

Terry Ryder is chatting with Miriam Sandkuhler about Buyers Advocates. You can register for the webinar with Miriam on August 21st

Hotspot of the Week: 23 July 
Hobart and Tasmania have presented one of the nation's hottest markets for the past two years - but will the strong price growth continue?

Regional NSW is one of the strongest markets in Australia at the moment. Many regional centres have rising markets, in contrast to Sydney. We've just published our new edition of Top 5 Regional NSW Hotspots, which includes this week's Hotspot of the Week, Wagga Wagga.

Regional NSW Locations Continue To Rise, In Contrast To Sydney

While many sectors of the Sydney market were in decline until the post-election upturn in big city fortunes, the cities and towns of Regional NSW have been delivering growth markets right across the state – both with sales activity and price trends.

This is strongly evident in the price data. Most NSW Regional markets have price levels higher than a year ago – 85% of the locations in our latest quarterly survey have recorded growth in the past year.

We surveyed 303 markets across the state outside of Sydney and of these, 171 (56%) have recorded median price growth above 5% and a further 88 (29%) have grown between 1% and 5%.

The 171 locations with growth above 5% included 78 places which had double-digit price growth in the past 12 months.

Our survey reveals only 11 locations where prices have dropped by more than 5% and another 33 where prices have fallen marginally (between 1% and 5%).

The various scenarios playing out across NSW provide further confirmation of the reality that there isn’t one property market - there are multiple markets largely driven by local economic conditions.

Our latest Top 5 NSW Regional Hotspots report takes you to the pick of the crop - locations that have strong and diverse local economies supporting affordable property prices with good potential for both capital growth and rental returns.

Your chance to ask Australia's leading independent research analyst your leading questions about real estate.

With Adelaide stepping up as one of the steadiest markets in capital city Australia, the Charles Sturt LGA is a strong performer - many of its suburbs are delivering above-average growth.

Adelaide, renowned as a steady and consistent market, is poised to become a compelling location for strong growth. The South Australian capital is one of the busiest markets in capital city Australia and one that is forecast by several analysts to be a national leader on price growth this year and beyond. It ranks well ahead of Sydney, Melbourne and Brisbane, as well as the recovering Perth market, in terms of the number of growth suburbs. And while sources such as CoreLogic and SQM Research report annual growth of only 1-2% in Adelaide house prices, these generalised figures disguise individual areas which have done better. All of the five key precincts featured in this Top 5 report have multiple suburbs which have out-performed those city averages.

The latest price data shows that the overall decline in Melbourne house prices has halted, with June showing the first rise since 2017. Our timely new edition of Top 5 Melbourne Hotspots focuses on areas like the Moreland LGA.