Sydney has long been the city of choice for New South Wales property investors, but with property prices in the capital falling, real estate experts say the state’s regional centres are much better options.

The August CoreLogic Hedonic Home Value Index shows homes in several regional parts of New South Wales will show better growth into 2019 than most of Greater Sydney. The coastal belt from Newcastle to the Tweed and the areas around key regional centres like Bowral, Orange, Dubbo, and Tamworth are all set for better property growth than most parts of Sydney. The exception is the Central Coast, which defies the trend as the only part of Greater Sydney experiencing significant growth.

“As potential homebuyers’ incomes have not kept pace with the Sydney housing market, demand for areas outside of Sydney have increased, as affordability is better,” a recent Moody’s Analytics report stated. “These include the Central Coast, which has become a hotbed for those tied to Sydney for employment but unable to afford the prices.”

Despite substantial growth in the Central Coast, house prices in Greater Sydney are down 5.1 per cent year on year. They’re predicted to grow by just 0.6 per cent in 2019 before climbing by 3.9 per cent in 2020.

Compare that to the state as a whole, which has experienced a 3.7 per cent positive growth in 2018. Next year NSW property prices should grow 3.5 per cent before they climb by 3.9 per cent in 2020.

Properties in NSW’s Hunter Valley, excluding Newcastle, should post a 5.4 per cent growth this year. Growth of 4.6 per cent and 4.4 per cent is expected over the next two years.

The Mid North Coast will experience relatively modest growth of 3.6 per cent this year, but property values in this region are expected to climb by 6 per cent and 7 per cent over the next two years.

Properties in the Far West and Orana regions will post gains of 4 per cent in 2018. However, massive growth of 11.5 percent is expected in 2019 before a much more modest 2020, when the area’s homes should increase in value by another 1.5 per cent.

As our testimonials show, Chase Edwards has a long history of helping Australians just like you launch and grow their real estate portfolios. Our headquarters are in Swansea, close to Newcastle, the Central Coast, and the Hunter Valley, giving us an in-depth knowledge of the growing property market in these areas. Our friendly experts can appraise your finances, help you save a deposit if you don’t already have one, and guide you through purchasing your investment property. If you’re ready to take advantage of the growing real estate market in regional New South Wales, contact us on 1300 854 833 today.