While mainstream media focuses on the decline in prices in Sydney and Melbourne, the untold story is the high number of thriving property markets in the nation’s regional areas.

The location-by-location analysis conducted every quarter by Hotspotting shows that markets with rising prices are the rule, not the exception, in Regional Australia.

Apart from the mini-boom that continues in Hobart, and the rise in prices in some sectors in Brisbane, Adelaide and Canberra, all of the significant growth markets in Australia are in regional areas.

Many markets in both Regional Victoria and Regional Tasmania are "going ballistic". Sales activity has risen and annual price growth above 10% is common. Some locations have recorded median price growth above 20% in the past year.

And the common feature amongst these diverse locations? The local economy and infrastructure projects that are driving growth.