The Central West of NSW is witnessing a remarkable surge in property values, with more suburbs joining the million-dollar club! Recent data from CoreLogic reveals that the number of Australian suburbs with a median price of $1 million or more has reached a record high.
In the 12 months leading to August 31, 218 suburbs crossed the $1 million threshold for houses or apartments, bringing the total to 1,257 nationwide. In our region, places like Orange, Bathurst, Blayney, and Molong are becoming increasingly attractive to buyers, thanks to their growing amenities and lifestyle appeal.
While Sydney and Brisbane lead the charge with the highest number of new million-dollar suburbs, the Central West is experiencing its own unique growth. The region has seen strong demand driven by lifestyle changes and the appeal of more affordable living compared to major cities.
In Orange, several suburbs are approaching the million-dollar median price mark, driven by increased demand and lifestyle appeal. Notable areas to watch include North & East Orange. As remote work continues to reshape living preferences, Central West towns are emerging as ideal locations for families and investors looking for both value and quality of life.
If you’re thinking of selling, contact the team today. Or if you want to know what your home is worth, get an instant online estimate here –> Get a Property Estimate – McGrath Central West (mcgrathcw.com.au)
