Back to Inspire Home

Our 2022 hotspot predictions for New South Wales property

The COVID-19 pandemic has seen many people flock to the regions from capital cities seeking a more relaxed (and cheaper) lifestyle. This has especially been aided by an increase in working from home arrangements, and New South Wales has not been immune.

While property prices have largely risen across the board, regional areas still remain the more affordable option for many, whether you’re looking to move or invest in property. If Sydney’s housing market isn’t attainable, then it might be time to consider going regional. Keep reading to find out our predictions for the top property hotspots in New South Wales for 2022.

Wondering how much you could borrow?

Calculate your borrowing power based on your income.

Calculate now

1. Hunter Valley

hunter-valley-nsw-vineyard

  • Median house price: $597,500
  • Population: 202,847

The Hunter Valley is a top weekend getaway destination for Sydneysiders, and it’s easy to see why. Its wineries and vineyards are renowned for being among Australia’s (and the world’s) best. The towns that make up the Hunter Valley each have their own draw cards too – whether it’s the art and culture of Maitland, the history of Morpeth or the horse industry of Scone.

While house prices can vary drastically between the various towns in the Hunter Valley, they’re mostly on the rise. This is good news for aspiring property investors, as vacancy rates are low, making rentals an attractive option. People wanting a tree change could take advantage of the Hunter Valley too, since the area has solid infrastructure while being close to cities like Newcastle and Sydney.

2. Dubbo

dubbo-nsw-town-centre-building

  • Median house price: $435,000
  • Population: 38,943

Home to Taronga Western Plains Zoo and a spectacular observatory, Dubbo has something for everyone. Located a five hour drive from Sydney, this vibrant regional centre still maintains its country charm, without sacrificing your city creature comforts.

Boasting a median house price of $435,000, the affordable nature of Dubbo’s property market is reflected in low rental vacancy rates and increasing price growth. Prospective homeowners could take advantage of Dubbo’s affordability, especially people wanting to downsize for retirement. Alternatively, investors could let their home to renters or the plenty of tourists that visit the city.

Get a free property report in seconds

Search an address for price estimates and sales history.

Search a property

3. Port Macquarie

port-macquarie-nsw-aerial-view

  • Median house price: $720,000
  • Population: 45,379

The picturesque coastal city of Port Macquarie on the New South Wales mid north coast is ideal for both holidaymakers and those seeking a relaxing sea change. Built around the Hastings River, the city is surrounded by beaches and lush hinterland, making it appealing to nature lovers too.

While its median house price is slightly lower than the New South Wales average, Port Macquarie real estate varies from more affordable family homes to million dollar units with a view of the beach. Purchasing an investment property in Port Macquarie could be a smart move, as the area is popular all year round with people holidaying. Rent prices are also rising, meaning renting your property to a long term tenant might be favourable.

4. Goulburn

goulburn-nsw-bridge-goulburn-river

  • Median house price: $492,250
  • Population: 22,890

Perfectly perched just a one hour drive from Canberra and a two hour drive from Sydney, Goulburn offers the accessibility and benefits of a city while still retaining its small town appeal. The city is abundant in heritage, beautiful landscapes and contemporary art, so it’s enticing for a quick getaway or a more permanent change of scenery.

Given its proximity to Canberra and Sydney, both of which have median house prices of over a million dollars, home buyers feeling priced out of the capital city markets might want to consider Goulburn. Whether you’re an investor looking for an up and coming real estate market or a retiree looking for an affordable place to downsize, Goulburn could be a good option.

5. Albury

albury-nsw-cityscape-aerial-view

  • Median house price: $690,000
  • Population: 51,076

Situated on the Murray River, just north of the border between New South Wales and Victoria, Albury is a regional city with a vibrant art and food scene. It's also the gateway for many attractions nearby, like the Snowy Mountains and the Rutherglen wine region.

Property is in high demand in Albury, with houses on the market attracting over 1,000 visits. While prices have risen over the last year, much like in the rest of New South Wales, you can still find two bedroom houses and units for less than $400,000. Investors could take advantage of strong demand in Albury, while owner occupiers may want to jump on affordable house prices while they last.

Calculate your monthly home loan repayments

Find out if you can save with a lower interest rate.

Calculate now

6. Lake Macquarie

buttaba-lake-macquarie-nsw-modern-house-home

  • Median house price: $790,000
  • Population: 207,775

Lake Macquarie is a city that spans a vast area of coastline, mountains, and the lake of the same name. It’s part of the Greater Newcastle and Hunter Region, is at the doorstep of the Central Coast, and is only a 90 minute drive from Sydney. From surfing at Redhead Beach, to boating at Swansea, to enjoying the dining scene at Warners Bay, Lake Macquarie is full of diversity.

Since it’s so diverse, prospective home buyers will not be short on choice in Lake Macquarie. The area is growing quickly too, with median house prices increasing 20% over the last 12 months. With the city’s median house price still hovering below the New South Wales average of $840,000, investors could take the opportunity to buy in more affordable suburbs like Boolaroo, which are still experiencing growth.

Are you looking to make a move in the New South Wales property market? Our experts are here to help find a home loan that’s right for you. Book an appointment at a time that suits you.

What could your home loan repayments look like?

Calculate your loan repayments

$
%
years

Got a home loan question? Just ask!

We're here to help. Get free expert advice at a time that suits you. Choose a time to chat with a Home Loan Specialist here

The information in this post is general in nature and should not be considered personal or financial advice. You should always seek professional advice or assistance before making any financial decisions.

Tags: home loan, new purchase, refinance, investment property, investment, new south wales

Check today's low rates

Tell us what you are looking for and see if you can save.

Search rates

Check today's low rates

Tell us what you are looking for and see if you can save.

Search rates
Home loan repayment saver tool

Home loan repayment saver tool

Enter a few details about your home loan and see how much you could save on your repayments

Important legal stuff

Lendi is the trading name of Lendi Pty Ltd (ACN 611 161 856), a related body corporate of Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence 442372). We will never sell your email address to any third party or send you nasty spam, promise.
# Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
Lendi is a privately owned and operated Australian business. Our mission is to change the way Australians get home loans by providing a faster, smarter and more secure home loan experience designed around the customer’s convenience and needs. Although Lendi compares over 1600 products (2,500+ products including feature and pricing variations) from more than 35 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. While Lendi is 35% owned by founders and employees, we have also been supported by some great minority shareholders including Bailador, Macquarie Bank Ltd and a number of Australian sophisticated investors.
*WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years. Fees and charges apply. All applications are subject to assessment and lender approval. Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.
Made with love at Circular Quay in Sydney, Australia. © 2022. All rights reserved.