Most areas of New South Wales, outside of Sydney, are seeing home
values increase. In particular, there is evident strength in markets close
to Sydney, such as Wollongong and Newcastle, which may indicate
that as buyers are priced out of the capital city they are looking to
major regions and towns nearby.
Coastal lifestyle markets are also seeing an increase in buyer demand
and a subsequent lift in home values, after a number of years of
relatively sedate housing market conditions along the regional coastline.
Mining related regions continue to be impacted by the downturn in
mining investment.
Regions grow as home owners priced out of Sydney
Median prices across regional NSW
Regional NSW best performers
Rank
Suburb
$
Affordable
1
NORTH ALBURY
$195,150
19 37.4%
2
COROWA
$170,000
16 21.4%
3
MURWILLUMBAH
$190,000
54 17.3%
$$
Mid–range
1
PORT KEMBLA
$346,000
24 34.6%
2
MAITLAND
$350,000
18 25.0%
3
SHOALHAVEN HEADS $345,000
15 19.0%
$$$
Prestige
1
NEWCASTLE EAST
$1,025,000
24 41.4%
2
BOWRAL
$625,000
94 20.4%
3
KEIRAVILLE
$535,000
19 18.9%
Rank
Suburb
$
Affordable
1
BINNAWAY
$115,000
10 15.0%
2
COONAMBLE
$140,000
52 12.9%
3
BARRABA
$117,250
31 9.6%
$$
Mid–range
1
BUTTABA
$490,000
35 21.0%
2
MOUNT WARRIGAL
$500,000
74 20.5%
3
KANAHOOKA
$499,000
85 16.0%
$$$
Prestige
1
BURRADOO
$1,300,000
110 25.0%
2
AUSTINMER
$1,112,500
42 17.1%
3
ROYALLA
$1,002,500
12 10.2%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price
Affordable
= suburbs below 25th percentile
Mid–range
= suburbs between 25th and 75th percentile
Prestige
= suburbs above 75th percentile
Source: CoreLogic
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