House prices in popular regional areas such as Byron Bay have slumped by as much as $570,000 since peaking two years ago as buyers falter in the face of high interest rates, data from CoreLogic shows.
As well, the surge of sea-changers and tree-changers that drove prices higher in popular postcodes has dwindled as the push to return to office workplaces grows stronger.
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Nila Sweeney was a property reporter at The Australian Financial Review.
