Queensland and Western Australia are leading the country for the best-performing regional hotspots.

Analysis by Buyers Agent, says Mandurah in Western Australia is a top investor hotspot, which is transitioning from a mining town to an affordable alternative to Perth.

PropTrack senior economist, Eleanor Creagh, says regional property markets are continuing to perform well. She says markets in regional Queensland, South Australia and Western Australia are recording strong growth. In October, dwelling values grew the most in regional South Australia (up 0.6%) and regional Queensland (up 0.3%) on the back of “robust annual growth”.

In the past 12 months dwelling values are up by 13.6% in regional Western Australia, 12.1% in regional South Australia, 10.5% in regional Queensland and 3.3% in regional New South Wales. Values in regional Victoria are down by 1.5%. Creagh says that on the whole, home price growth has reaccelerated across Australia after slowing through winter and early spring.