Property prices in the Central West, including Orange and Bathurst, are still rising despite house values dipping in Sydney and Melbourne.
CoreLogic's latest home value index, released on Monday, shows the Central West reported a 1.2 per cent monthly increase in median house prices.
The median house value in the Central West rose to $578,510, and while the median unit value was not available, when combined the median value of both houses and units rose to $560,915.
Central West house values grew 4.4 per cent for the quarter.
It comes on massive growth over the last year for house prices in the Central West, which has seen the median house price jumped 31.5 per cent in the past year.
According to CoreLogic's report regional housing markets have been somewhat insulated from the slowdown witnessed in other markets, thanks to the imbalance between supply and demand.
However the growth is generally slowing as property affordability become more challenging.
Rental yields in the regional NSW sat at 3.6 per cent in April.
Growth in the Central West comes as Sydney reported a 0.1 per cent monthly decline in house values and Melbourne's house values dropped by 0.2 per cent.
Hobart's house values fell the sharpest, declining 0.4 per cent in April.
Adelaide led the change in monthly house values with 1.9 per cent growth, following by Brisbane with 1.7 per cent growth.
Sydney and Melbourne also recorded the nation's first quarterly decline in house values since 2020, falling by 0.3 per cent and 0.5 per cent respectively.
However, Canberra's house values grew 2.5 per cent for the quarter.
CoreLogic's head of research Eliza Owen said mortgage holders will be impacted differently by the rate rises expected to be announced on Tuesday.
"It depends when you bought," she said.
"If you bought prior to this low interest rate environment, then you're probably not going to see as much pain is those who took on very low mortgage rates and borrowed to the max.
"Having said that, the COVID period has also seen high levels of pre-payments accumulated for variable mortgages, high rates of savings that people could use to pay down their mortgages once their fixed terms rollover.
"But look, undoubtedly there will be some people at the margins who face higher levels of financial stress and could be at risk of declining mortgage serviceability."
