Research finds top performers in regions

The star performers over the past year were yet again regional locations, according to the research by Propertyology.

"The common denominators among the economic profiles of each of Australia's strongest property markets right now include regional tourism, agriculture, mining and infrastructure investment," Mr Pressley said.

"In a lot of cases, local employment growth is drawing internal migration and placing extra pressure in property prices."

In Queensland, the municipality of Isaac (Moranbah) produced a 34 per cent increase in median house price over the past year while Gympie, Noosa and Scenic Rim also continue to be steady.

In South Australia, Port Augusta (27 per cent) and Roxby Downs (20 per cent) were Australia's second and third highest-ranked locations, while Mount Gambier, Light, Renmark and Whyalla also did well.

The Riverina and Central West regions are the shining lights of NSW's markets, however, Dubbo, Orange, Parkes, Griffith and Wagga Wagga have a combination of strong rental yields and higher capital growth than most capital cities, Mr Pressley said.

In Victoria, the median house price in Kyabram and Echuca increased by 11 per cent over the past 12 months.

Mildura also (seven per cent) has a good outlook, while Bendigo and Ballarat continue to outperform Melbourne.

In Tasmania, Launceston (5.5 per cent), Burnie (7.1 per cent) and Devonport (5.8 per cent) have been solid and possess the potential to further strengthen, he said.