- Buyer demand is rising across key Regional NSW areas, indicating potential future price growth.
- Wollongong, Shoalhaven, Wagga Wagga and Port Macquarie are leading the current regional market uptrend.
- Market conditions vary widely, highlighting the local nature of real estate across Regional NSW.
The Regional New South Wales property market is on the cusp of becoming one of Australia’s rising property markets.
Data from Hotspotting’s latest Price Predictor Index shows that the number of locations across Regional NSW with rising buyer demand is increasing.
Hotspotting General Manager, Tim Graham, said transaction levels were up markedly in the first quarter of 2025.
“Rising transaction levels are generally a precursor to future price growth,” Mr Graham said.
“Overall, Regional NSW is a solid and steady market, but with outperformance in specific markets.”
Regional NSW markets performing well include Wollongong and neighbouring Shoalhaven, Wagga Wagga and Port Macquarie.
There was also evidence or rising transactions in Orange, Bathurst and Coffs Harbour.
Wollongong’s property asking prices since 2023
“Quarterly sales for the City of Wollongong have been rising for the past 18 months, as they have been in the Shoalhaven LGA,” Mr Graham said.
“These are markets that offer lifestyle and relative affordability compared to nearby Sydney. “
Regional NSW offers a mix of lifestyle, affordability, and steady growth — the kind of fundamentals that smart buyers and investors are actively seeking in today’s evolving market.
Tim Graham, Hotspotting
While many other Regional NSW markets remain steady, Mr Graham said there were some which had experienced strong demand and growth previously but were now “patchy”.
This included Newcastle, Ballina, the Blue Mountains, Byron Bay, Queanbeyan, Tamworth and the Tweed LGA.
“Given the size and diversity of NSW, it doesn’t surprise that there are several different market scenarios in play,” he said.
“It reinforces the reality that real estate is local in nature and markets arise out of local economies, which vary greatly across NSW and indeed across the nation.”
