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Housing markets outside of the capital city region haven’t shown the
same levels of growth as what has been evident across the Sydney
market. House values across regional New South Wales are 5.3%
higher over the past year after the rate of growth recently peaked at
6.9% per annum over the twelve months ending May 2014.
Of course the regional areas of the state are diverse with coastal
and lifestyle markets generally showing a stronger performance than
towns which are more aligned with the resources sector.
Mining regions such as Muswellbrook and Singleton saw housing
values charge ahead during the resources boom, however these
markets are now cooling.
On the other hand, coastal markets are seeing a renewed level
of optimism with buyer demand once again strong and housing
values rising.
Miners cool while lifestyle markets improve
Median prices across regional NSW
Regional NSW best performers
Rank
Suburb
$
Affordable
1
DENILIQUIN
$175,000 159 13.00%
2
HAY
$120,000
58 9.40%
3
COONABARABRAN
$180,000
69 8.00%
$$
Mid range
1
SMITHS LAKE
$380,000
39 28.60%
2
BERKELEY
$380,000 117 10.80%
3
SOUTH NOWRA
$395,000
45 8.20%
$$$
Prestige
1
BYRON BAY
$972,500
88 31.50%
2
BULLI
$767,500
66 21.00%
3
THIRROUL
$867,000
82 19.30%
Rank
Suburb
$
Affordable
1
LAVINGTON
$158,000
91 10.70%
2
TAREE
$182,500
62 9.70%
3
JINDABYNE
$222,250
79 7.10%
$$
Mid range
1
HAWKS NEST
$314,500
26 22.20%
2
BOGANGAR
$336,750
36 13.70%
3
BANORA POINT
$326,000 192 11.00%
$$$
Prestige
1
COOKS HILL
$540,000
51 25.00%
2
WOONONA
$500,000 118 21.50%
3
NEWCASTLE
$465,000 136 14.50%
Median Price (3 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
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