Regional news highlights: Tassie homes reach new milestone as Canberra remains the most expensive city in Australia

It seems the good news on living outside of the capital cities is still spreading with another rise in those leaving the major capitals.

According to Regional Australia Institute Total migration out of capital cities jumped by 14 per cent in the September quarter.

Queensland's Gold Coast was the most popular destination, followed by the Sunshine Coast, Greater Geelong, and then Wollongong and Lake Macquarie.

Wollongong remains among the top picks for Sydneysiders seeking a regional move.

Wollongong remains among the top picks for Sydneysiders seeking a regional move.

RAI chief economist Dr Kim Houghton said that Wollongong had cemented itself as a top sea change destination, though the Sydney lockdown had meant growth had tapered slightly in the most recent quarter due to restrictions on movement.

IN OTHER NEWS:

Homes in Tasmania have reached a new milestone with a record $4.46 billion in real estate sales being recorded in Tasmania over 12 months until September.

The median house price in Launceston has risen to its highest ever at $470,000.

The median house price in Launceston has risen to its highest ever at $470,000.

That figure comes as median house prices in Launceston increased by 23.8 per cent to $470,000 over the past year, according to the Real Estate Institute of Tasmania.

In Canberra it is rents that are going up, with the city now taking out the title of the most expensive city to rent in, in Australia.

43 Jacka Crescent, Campbell is up for rent priced at $1400 per week. Picture: Supplied

43 Jacka Crescent, Campbell is up for rent priced at $1400 per week. Picture: Supplied

Canberra remains the most expensive city in Australia to rent a property at $633 per week, according to new data from CoreLogic.

Weekly rent in Canberra rose 9.6 per cent in the last 12 months and has far surpassed the national median price of $485 per week.

In Canberra, Campbell took out the top spot with a median rent of $952 per week for a house, followed by Throsby at $890 per week and Wright at $875 per week.

And the thirst for pubs outside our major capital cities continues, with a landmark Newcastle Hotel being snapped up this week.

While the multi-million price tag may seem sky high, it is expected in the hot regional pub market.

"Finding a hotel like that for sub-$20 million is getting harder and harder. The pub market generally ... it's very hot."

This story Property round-up: House prices and rents are up as Aussies flock to the regions first appeared on Newcastle Herald.