Home prices in Perth, Brisbane and Adelaide are growing much faster than in cities such as Melbourne and Hobart and the latest data indicates those trends could stick around for some time yet.

Home values nationally have risen by more than 35 per cent since the pandemic kicked off in 2020 but growth has not been spread evenly, according to real estate data company CoreLogic.

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Price growth across hotspots Perth, Brisbane and Adelaide has vastly outpaced gains posted in other urban centres, including Hobart, Melbourne, Canberra, Darwin and Sydney.

CoreLogic head of research Eliza Owen said there were a number of factors at play.

The fastest-growing markets were generally starting from a low price base, with cities such as Perth and Adelaide “still playing catch up” to other capitals when looking back over the past decade, Owen wrote in the report.

Owen said there a stronger take-up of the first-home buyer grant for new homes and the HomeBuilder scheme in Victoria, as well as a property investment boom in the mid-to-late 2010s was responsible for an influx of inner-city apartments.

Interstate migration trends were also playing a role in the multi-speed property market, with softer demand for homes in Sydney and Melbourne as NSW and Victoria lost residents to other states during the pandemic, particularly Queensland.