"The results of this report support increasing levels of demand outside of cities," Ms Owen said.
"In the year to October, combined regional Australian dwelling markets rose 4.8 per cent, compared with a 3.9 per cent lift in the capital cities."Things weren't rosy for all regional markets. Bunbury in Western Australia fell 4.5 per cent in yearly growth, while vendors in Townsville were forced to offer the highest discounts on marketable properties at 5.8 per cent.
Ms Owen predicts a rise in employees permanently working from home will see many move out to the country where properties are cheaper and lifestyles more relaxed."With record low mortgage rates and confidence returning to the Australian economy, there is likely to be a broader-based upswing across both regional and capital city markets into the first quarter of 2021," she said.