House prices continue solid growth

REGIONAL NSW boasts the strongest housing market outside the country's capital cities, and strong house prices in the Clarence Valley have helped the Mid North Coast region to have the seventh highest housing growth in the state.

According to the latest figures from NAB and CoreLogic RP Data, the Mid North Coast region, which includes the Clarence Valley, saw a 5.6% growth in house prices over the past 12 months.

Our neighbours north in Richmond-Tweed sit one spot higher on the table at 6.7% growth over the past 12 months.

The NAB's quarterly housing market report for December, the latest available says "coastal and lifestyle housing markets are showing stronger capital gain conditions as the tourism sector improves and housing demand returns to the holiday and lifestyle sector".

NAB General Manager of Retail for NSW, Paul Jeurgens, said regional NSW was the strongest housing market outside the country's capital cities.

At the top of the table is Sydney at 15.5%, with Illawarra leading regional NSW at 12.9% increase in home values over 12 months.

Here are some selected Clarence Valley towns and suburbs and their housing data. To find data on median house prices in your suburb, enter your postcode and search here.

Town

Change in median

value (12 months)

Change in median

value (five years)

Median value
Grafton +5% +16% $297,939
South Grafton +7% +17% $237,612
Yamba +9% +15% $500,616
Maclean +8% +17% $330,766
Gulmarrad +5% +10% $444,584
Iluka +2% +13% $394,307
Ulmarra -5% +34% $302,858
Junction Hill +6% +10% $349,732
Coutts Crossing +8% +12% $273,133
Lawrence +13% +15% $316,134
Wooli -3% -7% $434,714

 

$302,858



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