{"id":15544,"date":"2022-04-11T13:23:40","date_gmt":"2022-04-11T01:53:40","guid":{"rendered":"http:\/\/quantiphy.com.au\/oldbackup\/?p=15544"},"modified":"2022-05-16T13:36:40","modified_gmt":"2022-05-16T02:06:40","slug":"top-5-nsw-suburbs-that-boomed-since-covid","status":"publish","type":"post","link":"https:\/\/quantiphy.com.au\/oldbackup\/top-5-nsw-suburbs-that-boomed-since-covid\/","title":{"rendered":"Top 5 NSW suburbs that boomed since COVID"},"content":{"rendered":"<p>As the dust begins to settle on a turbulent two years, we\u2019ve finally got the data to confirm what we already suspected. The property market went absolutely bonkers during what shall now be known as TCE (The COVID Era). How bonkers? 142% bonkers, to be exact.<\/p>\n<p>According to REA Group\u2019s research team PropTrack, since the dawn of TCE, five NSW suburbs experienced growth of more than 93%, with the top spot soaring an eye-watering 142% in value in just two years. Meanwhile, another 46 seeing suburbs saw medians jump by more than $1M.<\/p>\n<p>But what comes up must come down, and as we turn the page on the pandemic, normality will likely return not just to the pub dancefloor, but also to the property market. The CBD will fully reopen, people will return from their regional experiments, and interest rates will rise. With The Covid Era almost behind us, price guides might actually become useful estimates again, rather than a series of imaginary numbers plucked from the sky.<\/p>\n<p>In fact, it has already begun. Last month, Australia\u2019s home price growth only increased by a modest 0.34%, the slowest pace of growth since May 2020. But we\u2019re not here for a pity party, we\u2019re here to celebrate the highest achieving suburbs of TCE. May they bask in the glory of their exorbitant price tags until housing affordability equalises us all.<\/p>\n<h6>Wyee<\/h6>\n<p>You mightn\u2019t have heard of it before, but you won\u2019t forget it now. Located 115kms from Sydney\u2019s CBD, the NSW suburb that saw the biggest boom during covid went to Wyee, a small town in the Lake Macquarie region. Here, seemingly in the middle of nowhere, prices increased by 142% in two years. Yet its price point is just as far away from other top contending suburbs as Wyee is from the nearest post office. Between March 2020 and March 2021, Wyee\u2019s median went from just $330,000 to $797,500.<\/p>\n<h6>Byron Bay<\/h6>\n<p>Much less surprising is the trendy northern rivers hotspot of Byron Bay breezing its way into the top 5. An influx of city-dwellers keen to live the linen lifestyle drove median house prices up 114% during TCE, with a median change from $1.414m to $3.025m, an extraordinary $1.6 million increase. Though if Byron Baes gets a season 2, these numbers could drop significantly.<\/p>\n<div class=\"bt_bb_row\" data-structure=\"12\">\n<div class=\"bt_bb_column col-md-12 col-ms-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\" data-width=\"12\">\n<div class=\"bt_bb_column_content\">\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_row_wrapper bt_bb_row_width_boxed_1200\">\n<div class=\"bt_bb_row\" data-structure=\"2-4-4-2\">\n<div class=\"bt_bb_column col-md-2 col-sm-4 col-ms-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\" data-width=\"2\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"4\">\n<div class=\"bt_bb_column_content\">\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_text\">\n<h6>Speak To An Expert<\/h6>\n<p>Schedule in a time to discuss your situation with a home loan specialist<\/p>\n<\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_normal bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_button bto btop bt_bb_icon_position_left bt_bb_color_scheme_14 bt_bb_style_filled bt_bb_width_inline bt_bb_shape_inherit bt_bb_size_normal bt_bb_align_inherit\" data-bt-override-class=\"{&quot;bt_bb_size_&quot;:{&quot;current_class&quot;:&quot;bt_bb_size_normal&quot;,&quot;xl&quot;:&quot;normal&quot;},&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_inherit&quot;,&quot;xl&quot;:&quot;inherit&quot;}}\"><a class=\"bt_bb_link\" title=\"BOOK IN A CALL\" href=\"\/finance\/book-a-chat-with-tommy-biller\/\" target=\"_self\" rel=\"noopener noreferrer\"><span class=\"bt_bb_button_text\">BOOK IN A CALL<\/span><\/a><\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_normal bt_bb_border_style_none\"><\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"4\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-2 col-sm-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"2\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_row\" data-structure=\"12\">\n<div class=\"bt_bb_column col-md-12 col-ms-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\" data-width=\"12\">\n<div class=\"bt_bb_column_content\">\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h6>Copacabana<\/h6>\n<p>At the Copa, Copacabana, the hottest spot north of Box Head, house values saw a 106% rise from $923,500 to $1.905m. A family friendly holiday destination and retirement mecca, the quant coastal town on the Central Coast really put the super into superannuation these past two years.<\/p>\n<h6>North Avoca<\/h6>\n<p>If the divide between North and South Avoca was deep before, it\u2019s nearing civil war territory now. Just kidding\u2014there\u2019s no such thing as South Avoca, only North, and don\u2019t you forget it. Coming in fourth with a 104% increase in value, the Central Coast beachside suburb saw house prices soar from $932,500 to $1.9m. Currently boasting one of the most expensive beach houses for sale in the state with expressions of interest starting at $13.5M, the market\u2019s so hot here that sandcastles are due to go under the hammer next.<\/p>\n<h6>Box Hill<\/h6>\n<p>Don\u2019t know much about Box Hill? Don\u2019t google it for another few days. News outlets recently bestowed the suburb with an unfortunate crown: where one in two residents has Covid. Ah, how quickly Bondi forgets where this all started. Coming in at #5, this north western suburb of the hills district saw a 94% increase in home values, up $592,250 to $1.15m.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the dust begins to settle on a turbulent two years, we\u2019ve finally got the data to confirm what we already suspected. The property market went absolutely bonkers during what shall now be known as TCE (The COVID Era). How bonkers? 142% bonkers, to be exact. According to REA Group\u2019s research team PropTrack, since the&#8230;<\/p>\n","protected":false},"author":4,"featured_media":15548,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,6],"tags":[],"class_list":["post-15544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top 5 NSW suburbs that boomed since COVID - Quantiphy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aus-finance.com.au\/gazette\/top-5-nsw-suburbs-that-boomed-since-covid\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 NSW suburbs that boomed since COVID - Quantiphy\" \/>\n<meta property=\"og:description\" content=\"As the dust begins to settle on a turbulent two years, we\u2019ve finally got the data to confirm what we already suspected. 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