Terry Ryder EXPERT OBSERVER
Dec 9,2020
Regional NSW is showing nation-leading strength, with a record number of towns and suburbs recording growth in their sales activity in our new quarterly survey. A total of 116 locations have rising markets, easily the highest number in the six years that the quarterly surveys have been conducted. The previous best were 70 growth locations in a mid-2018 survey and 77 late in 2019.
The results show evidence of the Exodus to Affordable Lifestyle trend which is sweeping the nation, with growth markets right across the state but most noticeably in locations close to Sydney.
The No.1 market, by a considerable margin, is the NSW Central Coast. As the closest sea change market to Sydney, this market is getting significant uplift from the Exodus trend. There are 17 suburbs with rising sales activity and we expect strong price growth in the near future.
Lake Macquarie has six growth suburbs, while Hunter Valley LGAs like Maitland, Cessnock, Singleton and Muswellbrook jointly have seven growth locations – with the Maitland LGA the standout.