More Aussies Want Home in Regional Australia

More Aussies Want Home in Regional Australia
A sold sticker is seen over a for sale sign on an empty development plot in the new development of Bella Vista Waters in Sydney, Australia on Feb. 25, 2019. Mark Kolbe/Getty Images
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Ditching cities for regional areas is predicted to continue with fewer people tethered to offices, and there’s likely to be unintended consequences.

The popularity of regional Australia is predicted to increase in 2021, putting strain on housing supply and increasing prices in the most desirable locations.