Image courtesy of Belle Property Hunter Valley

Collectively, there has been a moderate increase of 1.1% in property prices in January of 2022. National combined regional price increase of 1.8% outperformed the average Sydney home increase of 0.6%. 

Areas such as the Southern Highlands and Shoalhaven (up 37.6%) and Hunter Valley (up 34%) outside Sydney, and Sunshine Coast in south-east Queensland (up 34.4%) have been attracting lots of buyer attention for being of occasional commuting distance to major cities. 

Furthermore, house values have gone up 1.3% in January, compared to a much more modest 0.3% rise for apartments. According to CoreLogic, the gap between median house and unit prices rise to a record level of 28.3%.

Information source: CoreLogic