Experts say it's one of the many reasons why property prices have surged in the second largest cities in each state and territory.
" gives a broader range of options of where people choose to live," says Dr Michael Fotheringham, managing director of the Australian Housing and Urban Research Institute. "If you go to upper Gold Coast, it is still around like $600,000, $650,000 and $700,000, which is more affordable than Brisbane," she says.The two Victorian cities recorded some of the lowest growth levels on the list, which Dr Mardiasmo puts down to COVID lockdowns.
"It's $630,000 and an hour away from Perth, I'm not surprised people would have flocked to it," she says.
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