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The areas outside of the Sydney metro area have shown a diverse
performance, with coastal markets continuing to show improvements
in buyer demand, which is pushing prices higher and encouraging
vendor confidence. Areas more synonymous with the resources
sector have seen a substantial downturn in prices and rents; however,
conditions appear to be flattening out in many of these markets as
they rebalance. Regional service centres have shown more resilient
conditions, depending on their level of economic diversity and local
drivers.
Diverse performance for coast, resources and service centres
Median prices across regional NSW
Regional NSW best performers
Rank
Suburb
$
Affordable
1
COONAMBLE
$145,000
40 30.6%
2
HENTY
$160,000
23 18.5%
3
GILGANDRA
$179,000
49 17.4%
$$
Mid range
1
PENROSE
$450,000
17 26.8%
2
DORA CREEK
$457,500
50 23.8%
3
NORTH HAVEN
$450,000
28 21.3%
$$$
Prestige
1
HAMILTON EAST
$1,055,000
18 45.9%
2
NEWCASTLE
$854,000
16 44.7%
3
MYOCUM
$990,000
20 31.8%
Rank
Suburb
$
Affordable
1
BOMADERRY
$225,600
47 15.7%
2
NOWRA
$208,000
20 14.9%
3
SOUTH TAMWORTH
$180,000
15 12.5%
$$
Mid range
1
ALBION PARK RAIL
$336,000
35 18.9%
2
SHOAL BAY
$364,500
32 17.6%
3
MANGERTON
$370,000
23 16.5%
$$$
Prestige
1
KEIRAVILLE
$495,000
23 35.2%
2
HUSKISSON
$580,000
17 29.6%
3
KAHIBAH
$491,500
15 21.7%
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 postcode median house sale prices for 12 months to end September 2015.
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