Regional house prices slump as post COVID conditions kick in
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The shine has rubbed off the regional housing market with some NSW and Queensland beach and country hot spots recording the first quarterly fall in house values.
The Regional Market Update from CoreLogic, which investigates growth across the country’s largest non capital cities showed that the greatest falls were in NSW with the Richmond-Tweed region, down -4.5 percent, followed by the Illawarra on -3.5 percent, and the Southern Highlands and Shoalhaven areas on -3.0 percent.
In Queensland, the Sunshine Coast and Gold Coast regions suffered the biggest losses in the past quarter, down -2.5 percent and -1.2 percent respectively.
In better news for regional homeowners, the NSW Riverina region recorded a 27.8 percent increase over the past year. Wide Bay in Queensland experienced a 26.8 percent jump while the New England and North West regions in NSW were up 26.4 percent.
CoreLogic economist Kaytlin Ezzy said the regions that showed strongest growth through COVID are now demonstrating weaker selling conditions as interest rate increases, affordability constraints and non-discretionary inflation have a negative impact on demand.
“Typically, markets with a higher median value tend to lead the broader market when shifting through different cycles. After recording some of the strongest value growth throughout the COVID period, each of these areas now have a median house value in excess of $1 million,” Ms Ezzy said. “As we move further into the downward phase of the cycle we would expect to see this decline in values to spread into more regional areas.”
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Citizen Kanebridge member Marcel Zalloua delivered a standout result in Tigani Motorsport’s Mercedes-AMG GT3 Evo, backed by Robb Report Australia & New Zealand and Citizen Kanebridge.
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Sydney’s night sky lit up with speed and precision when Tigani Motorsport’s Mercedes-AMG GT3 Evo charged to a second-place finish in the Pro-Am class during Race 1 of the GT World Challenge Australia at Sydney Motorsport Park.
Behind the wheel was entrepreneur and Citizen Kanebridge member Marcel Zalloua, partnered with Supercars regular Thomas Randle in a formidable one-off pairing that impressed from the outset.
The result marks a major milestone for Zalloua, a returning driver with previous success in the Am class, and continues Tigani Motorsport’s strong form in the 2025 season.
Zalloua is part of Citizen Kanebridge, an invitation-only club based in Sydney.
The club curates exclusive events, thought-leadership forums and networking opportunities for high-achieving individuals across investment, innovation and entrepreneurship.
The sleek #44 AMG GT3 Evo also sported a high-end lineup of sponsors, including Robb Report Australia & New Zealand and Citizen Kanebridge, alongside other premium backers — all part of a strategy to align the vehicle with luxury, performance and lifestyle excellence.
Race 1 saw the Zalloua-Randle duo execute a clean, strategic drive to claim the podium, with the car showing strong pace under lights.
Although Race 2 proved more challenging with a ninth-place finish in class, their combined effort across the weekend delivered valuable points to Tigani Motorsport’s championship campaign.
Tigani Motorsport continues to cement itself as a serious contender in the GT racing scene, with smart driver pairings, high-calibre partnerships, and a commitment to performance both on and off the track.
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