The 179 property markets where prices are still at record highs

Add as a preferred source on GoogleWhile much of the nation is in the grip of a property downturn, prices in these areas remain at the highest levels in history.Australia’s median home value has declined by 2.7% since peaking in March, according to the latest realestate.com.au Home Price Index, with the cumulative effects of three interest rate rises and property taxes targeting investors putting the brakes on price growth across much of the country.But looking beyond the headline figures and diving deep into the data has uncovered hundreds of property markets around the country where price growth hasn’t reversed yet.In these diverse areas, most of which are found across regional Australia, prices remain at record highs, with the nationwide downturn yet to show up in the data.The findings put the recent slowdown in perspective, highlighting how market conditions across huge swathes of the country can be quite different to what’s happening in the major capitals.The data examines property prices across Australia’s 567 local government areas (LGA) to determine where values are still at the highest point on record. PropTrack’s automated valuation model (AVM) was used to determine the m...