Bathurst Blog

As we near the end of 2019 and enter a new decade, realestate.com.au data reveals the top price growth suburbs which includes the suburbs in Bathurst. 

Many suburbs across our city have changed and grown. 

White Rock saw the biggest price growth and is the biggest money making suburb in Bathurst over the past 10 year period. Buyers would have snapped up a property in this suburb for a median of $410,500 back in 2009. The suburb has since enjoyed an exceptional price growth of 138%, where the median house price in White Rock is now $975,000.

The once agricultural land, Eglinton, which has seen significant develoment over the past 10 years has increase by 66% in price growth. In 2009, you could snatch up an Eglinton property at a median house price for $289,000. A bargain when comparing prices to 2019 where the median house price in Eglinton is now $479,500.

The heart of our city has also significantly increase in value by 64%. It's unbelievable now to thik that 10 years ago you could purchase in a home in Bathurst CBD at $250,000, where today the median house price is $410,000.

The suburb which has had the most surprising price growth is West Bathurst. In 2009, you could purchase a house in West Bathurst at the lowest price in our city at a mediam price of $220.00. With a 64% price growth over the past 10 year period, property owners will be estatic to see their investment grow to a median house price of $360.00.

How to pick the next high growth ‘burb

We all want to buy in an area that has potential to make us money. You can just sit back, relax and watch as your house becomes the real bread winner in the family.

Conisbee says the main sign to look out for when choosing a property in a high price growth area is gentrification.

“Look for the suburbs switching from elderly people to young people, at least for capital cities".

As a new generation moves in on a suburb, cafes, transport links and retail stores start to improve, and property prices often follow as demand increases.

Article written by Emily Hutchinson on the 19th Dec 2019. Read it here.