The Southern Highlands has recorded the highest percentage increase in house prices in NSW at 38.4 per cent in the last 12 months to December, 2021.
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Property data, information and analyst service CoreLogic has released data breaking down the changes in Hedonic Home Value Indexes and median prices for houses statewide.
The Hedonic Home Value Index is CoreLogic's research methodology which analyses factors such as the number of bedrooms and bathrooms, geographic context and the land area.
These factors influence buying patterns and the property market.
The Southern Highlands and Shoalhaven are grouped together in this analysis.
CoreLogic's head of research Eliza Owen said the both regions are the epitomy of the "the kind of housing market that has been desirable through the pandemic-period".
"It is located within reasonable commuting distance of the Sydney metropolitan, while offering beautiful coastal and country locations that are popular for weekend escapes from Sydney, retirees and high-income knowledge workers who are able to work remotely," she said.
Ms Owen said that the regions also offered lower prices compared to other other areas across the state.
A median house price of $962,666 - fifteenth in the state, was revealed for both regions.
"The price point for median house and unit values in the Southern Highlands and Shoalhaven market is also far less than more desirable markets of Sydney, such as the Northern Beaches and the North Sydney and Hornsby region," she said.
The Northern Beaches was behind the Highlands with an annual increase of 36.8 per cent, and Sydney's Sutherland region was third with 36.4 per cent.
A Hedonic Home Value Index report from January 4 revealed that the Southern Highlands and Shoalhaven had the "highest annual rise in home values" in Australia.
The Sunshine Coast was the second highest.
CoreLogic data has also revealed that Moss Vale, Burradoo and Bowral were among the top suburbs across the country and state with the largest increase in prices and property sales.
The Southern Highlands and Shoalhaven had the seventh highest percentage increase in unit prices across NSW, at 25.4 per cent.
This was behind the Mid North Coast which recorded a 27.2 per cent increase and was in front of the Central Coast which had a rate of 24.4 per cent.
A median unit price of $667,514 is the twelfth highest in the state.
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Briannah Devlin
I like to write about arts, entertainment, any local reality tv leads, and property for the Southern Highland News and Goulburn Post, but also report on everything in between. If you have any tips, please send them to Briannah.Devlin@austcommunitymedia.com.au, or call 0439142204.
I like to write about arts, entertainment, any local reality tv leads, and property for the Southern Highland News and Goulburn Post, but also report on everything in between. If you have any tips, please send them to Briannah.Devlin@austcommunitymedia.com.au, or call 0439142204.
