NSW Property Price Rises in 2018 – Australian Information

Median Property Prices have risen in NSW during 2018, in many regions.

Median Property Prices have risen in NSW during 2018, in many regions, while Sydney has tended to be the main focus of the Price Drop headlines.

According to the Median house price data from the Domain House Price Report for the 12 months to December 2018, these are the main regions in NSW where Median prices have increased during the 12 months ended December 2018.

22.8% increase for Richmond Valley with a Median value of $350,000
14.7% increase for Yass Valley with a Median value of $556,500
10.9% increase for Byron with a Median value of $942,500
10.2% increase for Singleton with a Median value of $409,000
8.2% increase for Eurobodalla with a Median value of $499,000
7.6% increase for Tweed with a Median value of $624,000
7.5% increase for Cowra with a Median value of $285,000
7.3% increase for Cessnock with a Median value of $390,000
7.1% increase for Bathurst Regional with a Median value of $450,000
7% increase for Wagga Wagga with a Median value of $380,000
7% increase for Orange with a Median value of $415,000
6.4% increase for Ballina with a Median value of $627,500
6.2% increase for Lismore with a Median value of $400,000
5.7% increase for Upper Hunter Shire with a Median value of $333,000
5.7% increase for Port Stephens with a Median value of $555,000
5% increase for Goulburn Mulwaree with a Median value of $420,000
4.1% increase for Coffs Harbour with a Median value of $505,000
3.5% increase for Bega Valley with a Median value of $517,500
3.3% increase for Newcastle with a Median value of $620,000
3.1% increase for Armidale Dumaresq with a Median value of $353,500
2.8% increase for Dubbo with a Median value of $365,000
2.3% increase for Lake Macquarie with a Median value of $582,900
1.9% increase for Albury with a Median value of $329,000
1.8% increase for Shoalhaven with a Median value of $555,000
1.3% increase for Young with a Median value of $275,000
1.1% increase for Port Macquarie-Hastings with a Median value of $525,500
0.6% increase for Tamworth Regional with a Median value of $351,000

The same report shows these areas as having reducing Median Property Prices, during the 12 months ended December 2018.

-0.3% reduction for Great Lakes with a Median value of $493,750
-0.6% reduction for Wingecarribee with a Median value of $790,000
-0.7% reduction for Hawkesbury with a Median value of $710,000
-0.9% reduction for Clarence Valley with a Median value of $375,000
-1.9% reduction for Shellharbour with a Median value of $630,000
-2.3% reduction for Wollongong with a Median value of $723,125
-3.3% reduction for Kiama with a Median value of $867,500
-5.1% reduction for Greater Taree with a Median value of $370,000

Whether prices dropped or increased, does appear to be dependent on the property values, with mainly the lower value properties still rising.

At $630,000 and above, there were FIVE regions that dropped in value, with just ONE increasing.
At $450,000 and below, there were FIFTEEN regions that increased in value, with just TWO dropping.

The median of the median values of regions that increased in value was $420,000.
The median of the median values of regions that reduced in value was $670,000.

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Median Property Values between regions:

5 Regions (14.3%) had values of $350,000 or below
7 Regions (20%) between $351,000 and $400,000
7 Regions (20%) between $401,000 and $500,000
7 Regions (20%) between $501,000 and $600,000
4 Regions (11.4%) between $601,000 and $700,000
5 Regions (14.3%) had values above $700,000

The higher value properties that showed an increase, while others dropped, were in: