New figures from ANZ show that regional sectors are outperforming cities for house price growth in every state except New South Wales.
ANZ senior economist David Cannington told News Limited development and infrastructure investment in rural areas is causing the increase in real estate prices due to the fact that regional sectors are growing and receiving better services.
"While it is making housing less affordable, it's a good sign with the economic development and the major projects getting funnelled into the area as it is generating employment opportunities and income growth," he said.
The ANZ Australian Housing Chartbook shows that a suburb like Gladstone and a region like North West are leaps and bounds ahead of Brisbane, with housing prices shrinking slightly.
It comes as The Weekend Australian produced its list of the top 100 suburbs that experienced price growth in the last year. 49 per cent of those are suburbs in capital cities whilst 51 are within regional centres.
The Sydney suburb of Hurstville saw a massive jump, with house prices rising by 24.5 per cent in the last year to June. The average value of a home in that suburb is $931,450, up from just under $750,000.
