Coastal Property in NSW heading for down cycle

Interesting article from Core Logic this week:

"This week’s Pulse takes a look at the performance of dwelling values across the most populous coastal housing markets nationwide.

While overall regional housing markets have recorded greater value growth over the past year (+2.2%) than the combined capital cities (-1.6%), value growth in regional markets is slowing.  This is particularly apparent across some of the more populous coastal markets of NSW.  In this week’s Pulse we look at the change in dwelling values over time across the major coastal housing markets outside of the capital cities and provide an update on how they are tracking.

Although dwelling values in across the Illawarra region of NSW increased by 1.4% over the past three months, values have risen by just 1.1% over the past year.  The 1.1% annual increase in values is substantially lower than the 17.6% increase a year ago.  In fact, the annual growth rate over the most recent 12 month period is the slowest since April 2013.  The Illawarra market is showing a similar slowing trend to that which has been experienced in Sydney and values are already -0.3% lower than their September 2017 peak."


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