NSW residential property

It will still be a challenge to find tradespeople, and material prices are not about to fall, but there are hopeful signs on the horizon.

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Take the capital city’s median house price of $1.65 million into regional NSW and your money can buy a lot more.

Property values went through a pandemic boom and bust, and while they’re not back to their peaks, they’re starting to pick up again.

Even locals are relocating along the coast for more affordable living and deeper community ties that the popular locale once had.

Day spas, sensory showers, electromagnetic fields, concealed cooktops, colour drenching and more are in hot demand.

For anyone watching homes in their area sell for millions, the budget considered achievable for an average household would be a big surprise.

At least half the home purchases don’t have a mortgage attached. There’s no clear demographic explanation, but there is a reason.

In a string of once-booming seaside spots, prices are coming back to earth as workers spend more time in their CBD offices.

The typical house in Byron Bay now costs more than $2 million, but buyers who look a little further along the coast can spend much less.

The real estate market should lean in buyers’ favour as experts tip there will be more homes to choose from - but will it last?