Sep
11

Regional NSW now has more upwardly-mobile markets than Sydney

The slow and inevitable fade of the Sydney market is happening in concert with a rise in New South Wales regional markets.

Hotspotting’s monitoring of sales activity shows there are growth markets across the state – indeed Regional NSW now has more upwardly-mobile markets than Sydney does.

The Newcastle region and the Central Coast stand out, as markets a little north of Sydney head a strong NSW Regional sector.

While the Sydney market is past its peak and has relatively few growth markets compared to 2015/2016, Regional New South Wales has risen.

Our Spring survey has identified almost 50 regional towns or suburbs with rising markets – a little down on the number revealed in the Winter report, but still very strong.

I’ve observed previously that Newcastle and the regions surrounding it have provided the stand-out precinct in Regional NSW.

This remains the case, but with a new market leader – the Lake Macquarie LGA on the fringe of Newcastle.

Read the full article at: https://www.propertyobserver.com.au/

Article Author: Terry Ryder
Newspaper: Property Observer
Date: 11 SEPTEMBER 2017

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