Residz Team 2 min read
There are many places around the world that claim to be 'God's country' but forgive us if we bang the drum loudly for New South Wales' Blue Mountains. This region of Australia is a breathtakingly beautiful World Heritage site just a short drive from Sydney whose centre is just 90 kilometres away. There aren't many places where the majestic wildness of nature sits so close to a major metropolitan city with some of the best beaches in the world and a glorious climate.
Blue Mountains real estate prices and trends
The Blue Mountains is a hugely popular tourist area but it's only fairly recently that people are realising that in terms of real estate Blue Mountains properties are a great investment. With that in mind, now is the time to make the move while property prices are still well below those of the state capital because they are already on the rise. The median listed price for houses has climbed above pre-pandemic levels and is now over $750,000, an increase of almost 15% in two years. With low interest rates showing no sign of being raised and government assistance continuing, the market is very fluid and demand is high.
With a population under 100,000, this vast region of 11,400 square kilometres remains unspoilt by development and yet it enjoys excellent transport links to Sydney with the Great Western Highway and Intercity trains to and from the city at least once an hour. There is also the Blue Mountains Line to serve the major townships. Sharing this ancient landscape with waterfalls, canyons, forests and over 1500 species of plants and animals are modest but extremely sophisticated and attractive settlements where the quality of life is high.
Blue Mountains real estate hot spots
Katoomba is regarded as the hub of the region, with great shopping, cafes, restaurants, supermarkets and the heritage-listed Carrington Hotel. The town is full of period homes and with median prices at $600,000, it is attracting lots of investors as well as people who simply want to live there.
Blackheath, high in the mountains, has an irresistible village vibe which is drawing the attention of Sydneysiders, with properties available around the $500,000 mark but some reaching towards the $2 million level for the perfect views and location.
Leura is the jewel in the Blue Mountains crown, with high-end stores, fine dining, lush gardens and stunning properties. Not surprisingly property prices here are the highest in the whole of the national park but if you can find an affordable house here, it's a decision you'll never regret.
If the pace of life in Leura seems a little too fast, then Wentworth Falls offers the perfect alternative. It has great amenities, shops and restaurants plus a wide range of housing from Victorian homes to utterly contemporary properties. It also enjoys glorious views over the Jamison Valley with its spectacular waterfalls.
A true village lifestyle awaits you in Mount Victoria, a quiet, settlement with a cafe, delicatessen and cinema as well as the lowest property prices in the region.
If you are interested in investing in valuable real estate Blue Mountains properties represent some of the best prospects in New South Wales. Why not call us today to find out more?