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South Coast sales swell leads to unprecedented prices

New South Wales’ South Coast is emerging as Australia’s latest lifestyle-driven property hotspot, with real estate agents saying unprecedented buyer demand is creating a once-in-a-lifetime swell in selling prices.

Wollongong headland with town in background
Picturesque Wollongong is emerging as one of Australia's most competitive markets. Photo: Shutterstock (Image source: Shutterstock.com)

New South Wales’ South Coast is emerging as Australia’s latest lifestyle-driven property hotspot, with real estate agents saying unprecedented buyer demand is creating a once-in-a-lifetime swell in selling prices.

For much of the latter half of 2020 and early 2021, demand for a coastal lifestyle created market surges in locations such as Byron Bay and the Sunshine Coast.

But as stock numbers dwindle and selling prices in those sought-after area…

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