Half of Australia has recorded a rise in dwelling values over the past year, new analysis shows, contrary to headlines claiming prices are falling across the nation. According to CoreLogic, around half of the SA4 sub- regions (the ABS divides Australia into 88 sub-regions for data collection) have recorded a rise in property values.

“With housing values falling in some of the capital city markets, it’s easy to forget there are some markets around the country that are actually seeing healthy and sustainable growth conditions,” says CoreLogic’s Tim Lawless.

Many regions have recorded a rate of capital gain higher than their five-year average rate. Regional areas are much more likely to be showing positive growth conditions, with 57% of all regional areas recording an annual rise in values in the past 12 months, compared to only 39% of the capital city regions.

But some capital cities are also showing rising values as well, including seven of Brisbane’s nine sub-regions, three of the four sub-regions in Adelaide and four of Melbourne’s nine regions.