Investing in property is a favoured way for canny Aussies to build wealth for their future. But even with our modern ability to access information from afar, it can be hard to look beyond the reach of what we see around us everyday. If you’re not sure whether you should be looking close to home or far afield for a ripe investment opportunity, we may have you covered.
We explored the New South Wales real estate landscape using CoreLogic data, to bring you insights into the top 10 investment markets in the state. Discover median values and growth rates that matter, so you can make a more informed decision on where to put your money to work.
Tweed Valley
Median value: $954,599
Year on year change: +9.0%
Tweed, a gem with a median property value of $954,599 and an impressive 9.0% percentage change Year on Year. Nestled in the northern part of NSW, this region combines scenic beauty with investment potential. Explore real estate opportunities in Tweed Valley Richmond - Tweed, where growth meets tranquility.
Wagga Wagga
Median value: $490,899
Year on year change: +6.8%
Wagga Wagga in the Riverina region showcases a median property price of $490,899 and a 6.8% growth rate. Known for its charm and economic stability, Wagga Wagga presents investors with an opportunity to capitalise on the appeal of regional living while enjoying steady growth in the real estate market.
Lake Macquarie – East
Median value: $868,349
Year on year change: +6.6%
Situated near Newcastle, Lake Macquarie - East takes the third spot with a median property price of $868,349 and a 6.6% growth rate. As the region combines coastal living with economic vibrancy, investors can explore the potential for growth in this picturesque part of NSW.
Tumut
Median value: $385,374
Year on year change: +6.5%
For those seeking affordability without compromising growth potential, Tumut - Tumbarumba in the Riverina region offers a median value of $385,374 and a commendable 6.5% growth rate. This southern region provides a unique opportunity to enter the market at an accessible entry point while benefiting from upward trends.
Wollongong
Median value: $1,018,631
Year on year change: +6.4%
Wollongong in the Illawarra region secures the fifth position with a median property value of $1,018,631 and a 6.4% growth rate. Boasting coastal charm and urban amenities, Wollongong represents an enticing option for investors looking for both luxurious living and significant investment gains.
Tamworth and Gunnedah
Median value: $445,969
Year on year change: +6.1%
Tamworth - Gunnedah in the New England and North West region secures the sixth position with a median property value of $445,969 and a 6.1% growth rate. This region displays resilience and stability, making it an attractive prospect for investors seeking long-term growth.
Lake Macquarie – West
Median value: $792,151
Year on year change: +6.0%
Situated near Newcastle, Lake Macquarie West captures the seventh spot with a median property value of $792,151 and a 6.0% growth rate. This area offers a mix of urban amenities and natural beauty, making it an enticing option for investors. As infrastructure projects enhance the region, investors can tap into the opportunities that Lake Macquarie - West presents.
Dubbo
Median value: $792,151
Year on year change: +6.0%
Dubbo in the Far West and Orana region takes the eighth position with a median property price of $442,537 and a 5.9% growth rate. Positioned in the west, Dubbo offers investors an opportunity to capitalise on the region's development and economic growth.
Port Stephens
Median value: $792,151
Year on year change: +6.0%
Port Stephens, part of the Hunter Valley excluding Newcastle, secures the ninth position with a median property value of $808,179 and a 5.4% growth rate. Renowned for its coastal beauty and proximity to the Hunter Valley, this region presents a unique blend of lifestyle and investment potential.
Kiama
Median value: $916,903
Year on year change: +4.6%
Closing our list is Kiama - Shellharbour in the Illawarra region, with a median property price of $916,903 and a 4.6% growth rate. This coastal location showcases the potential for steady growth in a region known for its seaside charm. As investors look beyond traditional hotspots, Kiama - Shellharbour reveals itself as a market with untapped potential.
As you explore these promising markets, it’s vital to have the right strategy, and the right support on your side to give yourself the best chance of success. At Newcastle Permanent, we’ve been helping locals turn their property dreams into reality since 1903. We live and work in the places you call home, and we’re here to help. When you’re ready to start your investment property journey, start a conversation with your local Newcastle Permanent lender.
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