9 / 32
Regional markets aligned with lifestyle housing demand and tourism
are continuing to show improving conditions after the post–GFC
slump. Buyers are seeking out holiday homes and rental properties
are benefitting from improved occupancy rates as tourism numbers
improve. On the other hand, areas more synonymous with the
resources sector have seen a substantial downturn in buyer demand at
a time when listing numbers have moved higher,
resulting in lower prices and rents. There are some signs that
conditions appear to be flattening out in many of these markers as
they rebalance. Regional service centres have shown more resilient
conditions, depending on their level of economic diversity and
local drivers.
Regional NSW continues to improve
Median prices across regional NSW
Regional NSW best performers
Rank
Suburb
$
Affordable
1
LEETON
$167,000
19 26.5%
2
MORUYA
$168,500
10 16.2%
3
COROWA
$159,000
15 13.6%
$$
Mid–range
1
ALBION PARK RAIL
$377,000
52 31.2%
2
CONISTON
$372,500
18 20.2%
3
POTTSVILLE
$393,000
86 13.9%
$$$
Prestige
1
HELENSBURGH
$635,000
55 27.3%
2
MITTAGONG
$569,000
21 25.1%
3
THIRROUL
$685,000
47 22.3%
Rank
Suburb
$
Affordable
1
TRANGIE
$144,500
18 36.3%
2
COONAMBLE
$142,500
52 29.5%
3
BARRABA
$133,750
30 22.7%
$$
Mid–range
1
BRIGHTWATERS
$492,500
28 23.6%
2
KANAHOOKA
$499,000
97 21.7%
3
BUTTABA
$490,000
30 18.5%
$$$
Prestige
1
WOMBARRA
$1,269,500
18 49.4%
2
MYOCUM
$1,025,000
22 35.3%
3
BURRADOO
$1,300,000
101 30.3%
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
Based on Market Trends confirmed sales suburb data to January 31, 2016 (April file: time lag due to confirmation of sales from valuer generals offices nationally)
7