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Remote Working Boosts Regional Property

05 July 2020 by News Desk

Australia Property market has seen a rise in buyers seeking to move from inner cities to regional locations.

Regional Property searches via the internet have surged by almost 120% in June especially in New South Wales.

And house prices in regional NSW have increased as more people seek to live and work remotely.

Average price of a house in regional NSW is $480,437, a monthly rise of +0.3%

Average price of a unit in regional NSW is $408,115 (no monthly change)

The regional property market in NSW is proving to be more resilient than Sydney, with houses showing an increase in dwelling values of +0.3%, with dwelling values for units remaining steady and posting no change in June.

Australia Property market

The current average value for all dwellings in regional NSW is $467,571.

Property listings portal Domain reported in June that regional NSW suburbs posted a surge in property searches of up to 117%.

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