National

New South Wales

New South Wales (NSW) is a south-eastern Australian state, distinguished by its coastal cities and national parks. Sydney, its capital, is home to iconic structures such as the Sydney Opera House and Harbour Bridge. NSW is known for its cultural and geographic diversity. Inland are the rugged Blue Mountains and rainforests beyond which are outback towns where opals are mined. Along its 2000+ kilometre coastline from the southern border with Victoria to the northern border with Queensland are numerous long white and golden sandy surfing beaches. The Hunter Valley region, to the north of Sydney, is known for its extensive wineries and award-winning wines.

Area: 801,150 km²

Population: 8.166 million(Sept 2020)

Property Outlook

Despite a shift in people’s interest in moving to regional areas since COVID, Sydney house prices have remained strong. As at September 2021, the average selling price in Sydney has risen close to 19% since the start of the year with another 4% expected by the end of the year. Key regional NSW towns have shown similar increases with popular regions such as Byron Bay and Mudgee even outpacing Sydney’s growth, hitting 23%. This regional trend is expected to continue once COVID has settled down with the trend to working from home.

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