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NSW Market Update

Explore our latest property data to discover what is happening within the New South Wales market.
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New South Wales Market Update

60% of buyers show preference towards houses

  • The number of house purchases bounced back in NSW, returning to 60.38%, from 58.56% in Q3. This sees house purchases at a similar volume to that of Q1 of 2024.
  • Conversely, strata dwellings bucked their upward trend, slipping slightly to 31.07% this quarter, down from 32.62% in Q2, and 33.01% in Q3.
  • Vacant land has remained relatively similar quarter-on-quarter, with a small increase from 8.43% in Q3, to 8.54% in Q4.

First home buyers continue to show a preference for strata dwellings

  • First Home Buyers in the state continue to show a preference for strata dwellings, with over 50% opting for Apartment or Townhouse living.
  • Sales of strata dwellings reduced slightly from 54.39% in Q3 to 51.32 this quarter.
  • House transactions increased slightly, from 42.91% share in Q3 to 45.89% in Q4, in-line with broader NSW market trends.

NSW buyers gravitate towards more affordable living

  • Suburbs like Marsden Park (2765) at #1 and Austral (2179) #4 make an appearance in the top spots due to new housing developments and more affordable living.
  • Locations such as Liverpool (2170) at #2 and Westmead (2145) at #10 are popular spots because they’re located near employment hubs and well-connected to central Sydney.
  • Coastal and semi-rural areas like Port Macquarie (2444) #8 and Camden (2570) at #7 provide relaxed living for those looking to change lifestyle, without losing urban convenience.
  • Growth suburbs like Wyong (2259) at #6 and Kellyville (2155) at #3 promise strong value with ongoing infrastructure upgrades.

Greater Western Sydney continues to attract first home Buyers

  • Suburbs like Liverpool (2170) and St Marys (2770) continued to appeal through Q4 with affordable entry points into the market, and access to rapidly developing infrastructure.
  • Westmead (2145), Parramatta (2150), and Blacktown (2148) again prove popular for commuters and value-seekers alike, due to proximity to major job centres and transport.
  • Coastal areas like Gosford (2250) offer a relaxed, family-friendly environment, while areas like Kellyville (2155) remain on the list, catering to buyers seeking modern suburban living with local amenities.
  • Penrith (2750) at #8 returns to the top ten for the first time since 2023. Along with Glenmore Park (2747) at #6, these suburbs are positioned in high-growth corridors, offering long-term value for first-home buyers.

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Industry insights on buyer activity

Greater Western Sydney is still proving to be the engine of urban expansion in NSW, but this quarter we can see regional areas and coastal hubs like Port Macquarie are increasingly competing for attention.
Lee Bailie
Head of Property AU | InfoTrack

Market activity tends to increase over spring and summer, especially in coastal regions. We can see this reflected in the QLD data this quarter, with unit and townhouse sales increasing in the Gold Coast region.

Sandra Falzon
General Manager, Marketing | InfoTrack