The property markets where rising prices are bucking the national trend

Home prices have fallen at the national level, but values are still climbing higher in dozens of areas that share one thing in common.The latest PropTrack Home Price Index shows that Australian home prices fell 0.3% in July, with all the capitals except Darwin recording falls.The national median value is now almost 2% lower than the peak reached in March, while the capital city median value is 2.5% below its all time high.But breaking down the data has revealed localised pockets of strength that are defying the nationwide downturn, with prices climbing higher over the past three months.House prices have held up better in the past three months in relatively affordable regional areas, such as South Australia's Barossa Valley. Picture: realestate.com.au/soldThe data challenges the narrative that values are declining across the board, with prices in some regions climbing as much as 6% in just three months.These areas appear somewhat resilient to the trio of rate hikes that have struck borrowers since February, as well as property tax changes that have shrunk investor demand since the federal budget in May.Areas where house prices increased in the past three monthsSource: PropTrack. Onl...