Outer and Regional Suburbs the Favourites in Race to Million-Dollar Club
1 May 2021
The regional suburb of Lennox Head, in northern NSW, was also gunning for a million-dollar median, tipped to hit $1,034,990 by December and $1,104,334 by early 2021. Shelly Beach, on NSW’s Central Coast, was predicted to reach $1,027,630 by early 2021.

Ms Conisbee said the strong presence of regional suburbs in the realestate.com.au analysis was likely because home buyers are turning their backs on city living post-pandemic, leading to stronger demand and price growth in regional markets.

“The strength in northern New South Wales is a new trend, and then suburbs on the Gold Coast and Sunshine Coast are also appearing so that does show that these areas have really accelerated in appeal since we’ve had the COVID pandemic,” Ms Conisbee said.

Read the full article at realestate.com.au.
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