Home values in the Southern Highlands and Shoalhaven region were the fastest growing in NSW over November, with the Illawarra region not far behind.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The latest CoreLogic figures show that dwelling prices in the Southern Highlands and Shoalhaven were up 2.9 per cent - the equal highest in the state - while in the Illawarra SA4 region values grew by 2.6 per cent.
Both regions easily outpaced Sydney, where values were up 0.9 per cent.
The figures come as property price growth has accelerated throughout regional Australia, with dwelling values increasing at twice the rate of capital city markets.
Dwelling prices in combined regional markets grew by 2.2 per cent during the month of November, compared to 1.1 per cent in capital cities.
Despite talk of a slowdown in the property market, monthly price growth has actually been accelerating in regional areas in each of the past three months - up from 1.87 per cent in October.
The situation in regional Australia contrasted with that the capital city markets, which were slowing due to a variety of factors, according to CoreLogic research director Tim Lawless.
"Virtually every factor that has driven housing values higher has lost some potency over recent months," Mr Lawless said.
"Fixed mortgage rates are rising, higher listings are taking some urgency away from buyers, affordability has become a more substantial barrier to entry and credit is less available."
Quarterly figures strongest in 'lifestyle' markets
Price figures in the three months to November 31 revealed a continuation of the growth trend in coastal and lifestyle markets, CoreLogic reported.
The Southern Highlands and Shoalhaven region in NSW recorded the highest growth, at 9.7.
It was followed by the Hunter Valley (excluding Newcastle), on 8.9 per cent, and the Launceston and North East region in Tasmania, on 7.7 per cent.