Orange leads NSW regional house growth, with Hastings and Richmond-Tweed languishing: ANZ

Regional areas have outperformed capital cities in the year to March, according to ANZ.

"Despite being lower in annual growth terms, regional house prices have been more stable than capital city house prices, which have seen larger price falls across all major states and territories," notes the Australian Housing Chartbook.

"Across states/territories and regions, house price growth has continued to differ, reflecting varying economic performance across Australian industries.

"NSW regional house prices were the strongest across states and territories in the year to March 2012, with the central inland regions of Orange and Dubbo showing the greatest house price growth," notes the report.

Source RP Data, Rismark, ANZ