Property for sale in New South Wales
New South Wales is a state of south-eastern Australia characterized by coastal cities and national parks. Sydney, the capital, houses iconic buildings of the nation, such as the Sydney Opera House and the Harbor Bridge.
New South Wales is located in the south-eastern part, bordered to the south by Victoria, to the north by Queensland, to the west by South Australia. It also includes Lord Howe Island in the South Pacific. Within the territory there are two enclaves: the Territory of the Australian Capital, and the Territory of the Bay of Jervis.
If you want to move to Australia and you want to buy a property for sale in New South Wales you need to know some news about real estate market.
The real estate market in the region of New South Wales is stronger than Sydney, but be careful because it has more pitfalls.
New South Wales regional values rose 3.2% in the last financial year, while the Sydney metro fell 4.5%.
In the first quarter of 2018, the proportion of resale losses on Sydney was 2.4%. Botany Bay, Hunters Hill, Mosman and Willoughby had no resale at a loss while Burwood, Canterbury and Hurstville had the highest percentage of losses.
The loss-making resales in the New South Wales regional markets were 4.2%. Consequently, even in periods of continued regional price strength, its loss was almost double compared to Sydney.
The key demographic context remains unchanged, with the latest population figures from the Australian Bureau of Statistics showing about two-thirds or 15.8 million of all 24.6 million Australians living in Sydney, Melbourne, Brisbane, Perth and Adelaide .
This concentration of people has led to note that the fortunes of Australia depended largely on a handful of capital.
The analysis of sales data revealed that homeowners in the city's most popular regions have made an average profit of up to $ 875,000 from the resale of their homes over the past six months.
This happened when the average price of Sydney homes fell by 6% in the last year.
The charming state of New South Wales boasts an great quantity of vibrant cities and major regional centres that host diverse and thriving industries. Beyond the cosmopolitan borders of Sydney, the state capital, you will find the major coastal cities of Newcastle and Wollongong, as well as many other interesting regional centres where looking for properties for sale in New South Wales.
One of the great cities of the world, Sydney is the rich and multicultural home of 5.1 million people. Famous for its high quality of life, Sydney is Australia's leading financial and commercial centre and leads the country in a range of industries, including digital economy, manufacturing, professional services, research, education and tourism.
The best places where living and looking for property for sale in New South Wales are Sydney, Newcastle and Wollongong.
Sydney's central business district is located in the heart of the city, next to the iconic Sydney Opera House and the Harbor Bridge. Other major shopping centres are scattered throughout the city, including North Sydney and Macquarie Park to the north, Parramatta to the west and industrial hubs in and around the south of the city.
Newcastle is a large regional city, located just two hours drive north of Sydney, in the heart of the Hunter Valley wine region.
Being one of the largest ports in the world, Newcastle has a booming local economy and its industrial and manufacturing assets have expanded to include other sectors such as agriculture, education and health.
In the past it was voted as one of the 10 best cities in the world. Newcastle boasts a strong seaside culture, an emerging art scene, friendly people and a relaxed lifestyle.
If you prefer to purchase a property for sale near the beach, Wollongong is a thriving coastal town with a population of around 204,0004, just a 90-minute drive south of Sydney.
Wollongong is recognized as one of Australia's leading industrial and manufacturing centres.
Located on the picturesque South Coast of New South Wales, Wollongong is surrounded by pristine beaches and national parks.
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