Wyong and Gosford have both made it to the Top 10 property hotspots in NSW in statistics revealed for the fourth quarter of 2024.
New developments, employment hubs and lifestyle opportunities appear to be the key influencing factors behind the state’s most popular property hotspots.
Prop tech firm InfoTrack has released its Property Market Update Q4 2024 which, for the first time, uses statewide data to examine the total number of sales across all buying groups, not just first home buyers.
Wyong came in at number six on the list, with Gosford at number nine.
InfoTrack’s Head of Property Australia, Lee Bailie said growth suburbs like Wyong promise strong value with ongoing infrastructure upgrades.
And coastal areas like Gosford offer a relaxed, family-friendly environment.
Statewide, the number of house purchases bounced back in NSW, returning to 60.38 per cent, from 58.56 per cent in Q3.
Strata dwellings bucked the upward trend, slipping slightly to 31.07 per cent, down from 32.62 per cent in Q2, and 33.01 per cent in Q3.
Vacant land has remained relatively similar quarter-on-quarter, with a small increase from 8.43 per cent in Q3 to 8.54 per cent in Q4.
The report says that while Greater Western Sydney is still proving to be the engine of urban expansion in NSW, the Q4 report sees regional areas and coastal hubs increasingly competing for attention.
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