Since then, Hill has witnessed changes to the regional housing market."We did see [housing price] growth of about 30 per cent over the last five years, but then it's declined now by about two to three per cent over the last 12 months."That shift is consistent with Cotality's latest quarterly regional market update, which found Australia's housing market downturn is no longer confined to capital cities.The property analytics firm examined Australia's 50 largest non-capital regional markets in the three months to July 2026 It found that regional dwelling values declined modestly by 0.1 per cent, compared with a 2.5 per cent fall across the combined capital cities over the same period.Of the 50 markets analysed, Cotality found that 47 significant urban areas had slower growth, while 22 recorded a decline in home values.The update did note that regional markets remained more resilient to change and typically outperformed capital cities.Gerard Burg, head of research at Cotality Australia, said the results speak to recent pressures that have built up in the national housing market."A lot of buyers have been pushed out by the affordability pressures and by the increases in interest rates that we've seen so far," Burg told SBS News.The Reserve Bank of Australia (RBA) has raised interest rates three times this year as it attempts to bring inflation back towards the midpoint of its 2-3 per cent target range