PHOTO: Port Macquarie north of Sydney ranked second. Photo: LJ Hooker Port Macquarie
Regional towns and holiday hot spots have topped the list of suburbs with the most property sales in 2020, new Domain data has revealed.
Surfers Paradise on the Gold Coast has topped the list with 1518 property sales. NSW coastal holiday hot spot Port Macquarie was second with 1161 sales and regional town Orange third with 984 sales.
While Surfers Paradise has retained its top spot from 2019’s list, Port Macquarie and Orange have moved up in the rankings this year, where they ranked third and seventh, respectively.
The volume of property sales in each suburb is reflective of the overall number of dwellings in the area. But, covid restrictions have played an influential role in the rankings of these traditional high-volume suburbs, Domain senior research analyst Nicola Powell said.
“The length and degree of covid lockdowns across our states will have had a varied impact on sales activity,” Dr Powell said.
“What’s quite interesting about the top 30 is there is a number of regional areas. It speaks to that trend of regional movement we’ve seen. We’ve already seen people move away from our larger, more expensive capital cities prior to covid but what we’re now seeing is that covid has accelerated that. Some of those areas are lifestyle locations as well.”
Suburbs ranked by number of property sales in 2020
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