The NSW regional towns where house prices defied the downturn
Median house prices in regional New South Wales are still higher than a year ago, despite slipping 1.2 per cent to $820,000 in the September quarter. Dungog recorded a 26.9 per cent annual rise, while Inverell and Broken Hill also climbed sharply. Investors seeking cheaper homes have driven some of the growth, but their buying has slowed after recent federal budget changes to investor taxes and high mortgage costs. Local agents in Dungog and Inverell say demand has eased recently, although buyers continue to arrive from the city.