The price of real estate in the Southern Highalnds has decreased by more than six per cent according to data released last week.
Property analysts at CoreLogic released the data last Friday, stating the Shoalhaven and Southern Highlands have seen an annual change of negative 6.1 per cent on dwelling values, for the 12 months before October 2019.
The Illawarra has also seen a downturn as values are reported as 5.5 per cent less than what was reported a year ago.
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CoreLogic research director, Tim Lawless, said this is not reflective of coastal trends around Australia.
"The recent trend across the regional markets of Australia has seen a clear improvement in the performance of housing across the major centres as well as rising values in many of the coastal lifestyle markets," the report read.
"Conversely, drought affected areas have seen a drop in demand for housing with values falling sharply across many of the rural sub-regions."
Regional NSW is affected by downturns in values statewide with CoreLogic reporting negative 2.8 per cent change in the last 12 months and negative 4.7 per cent since the dwelling values peaked.
The median value for a dwelling in regional NSW is $448,624.
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