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Regional NSW’s Extraordinary Price Performance

The price performance across Regional NSW is extraordinary.

Our analysis of 296 suburbs and towns across the state shows that all but two have delivered growth in their median house prices in the past 12 months.

Nine out of ten locations have recorded double-digit annual growth, including 55% of locations which have risen by 20% or more.

Two-thirds of the Regional NSW locations have jumped by more than 5% in the past quarter.

The standout region for annual price growth in the Central Coast, one of the nation’s leading performers. Of the 39 Central Coast locations in our analysis, 29 have grown by 20% or more in the past year.

Booker Bay has jumped 58% and Gwandalan by 44%. Avoca Beach, Charmhaven, Chittaway Bay, Ettalong Beach, Kanwal, Kincumber, San Remo, Terrigal, The Entrance and Wamberal have all risen more than 30%.

A key factor is proximity to Sydney and the fact that, despite the exceptional growth, 24 of those 29 high-growth locations have median house prices below $1 million, which makes them attractive to Sydney buyers.

Beyond the Central Coast, there are outstanding growth locations right across NSW.

Newcastle and the Hunter Region is a standout. The Newcastle, Lake Macquarie, Cessnock, Maitland and Port Stephens LGAs combined have 42 locations which have recorded annual growth above 20%.

Newcastle growth has been led by Merewether (39%), while Redhead (33%) is the best in neighbouring Lake Macquarie. In the Cessnock LGA in the Hunter Region, Heddon Greta (40%) and Greta (46%) have both shown exceptional uplift.

Wollongong and other regions south of Sydney have also done well. Eleven Wollongong suburbs have grown more than 20%, including Bulli (35%) and Woonona (34%).

Seven of the Eurobodalla towns have jumped by 20%-plus, led by Dalmeny and Moruya (both up 35%). It’s similar in the Shoalhaven LGA, headed by Berry (33%), Culburra Beach (34%) and Vincentia (34%).

Gerringong in the Kiama LGA has risen 47%, while Eden in Bega Valley has risen 34%.

At the border with Victoria, five suburbs in the City of Albury have lifted by between 23% and 29%.

In the north of the state, Byron Bay has soared 53% (to $2.8 million), while nearby Suffolk Park (36%) and Mullumbimby (38%) have also excelled.

In the Ballina LGA, Alstonville, Ballina, East Ballina and Lennox Head have all exceeded 30%, led by Lennox Head’s 41% rise.

In the Tweed LGA at the Queensland border, there have been multiple high-growth suburbs but the 67% increase for Casuarina (now $1.95 million) leads the nation. Pottsville (39%) has also done well.


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