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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](https://www.lendi.com.au/inspire/property/spotting-top-upcoming-suburbs-grow-value/) in New South Wales for 2022.

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## 1. Hunter Valley
![hunter-valley-nsw-vineyard](//images.ctfassets.net/o2gysnvd04sg/3jiJzpDnMdboMkZvC2D1U0/99af0ad07a027b86588c1471399a0018/hunter-valley-nsw-vineyard.jpg)

- __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](https://www.lendi.com.au/inspire/finance/investing-101-know-before-investing-in-property/), 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](//images.ctfassets.net/o2gysnvd04sg/jk8Ybd67lFTMWkRkvT9QQ/0d59550503e6bf6298d9c0c1edd2bd32/dubbo-nsw-town-centre-building.jpg)

- __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](https://www.lendi.com.au/inspire/finance/is-buying-a-holiday-home-a-good-investment/) to renters or the plenty of tourists that visit the city.

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## 3. Port Macquarie
![port-macquarie-nsw-aerial-view](//images.ctfassets.net/o2gysnvd04sg/PybMb7BCj6rjuRbpCmTvT/cf010e448ca4aeda1b23abb3df5c647d/port-macquarie-nsw-aerial-view.jpg)

- __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](//images.ctfassets.net/o2gysnvd04sg/5twBnpzpiwcJwaPY8ehP9q/e47e4ac6039ba816e98031d7b14e51f5/goulburn-nsw-bridge-goulburn-river.jpg)

- __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](//images.ctfassets.net/o2gysnvd04sg/60bhWRwACq9YGToxtqp6nw/0963b50439bdf042e2128e7598bb360b/albury-nsw-cityscape-aerial-view.jpg)

- __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.

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## 6. Lake Macquarie
![buttaba-lake-macquarie-nsw-modern-house-home](//images.ctfassets.net/o2gysnvd04sg/2nOadTGpWluifilNlaXK9L/0b65192d21cc0a7c44e1ac3c551f9c21/buttaba-lake-macquarie-nsw-modern-house-home.jpg)

- __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](https://www.lendi.com.au/book-appointment/) at a time that suits you.

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## Got a home loan question? Just ask!
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*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.*