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Suburbs/localities in this Local Government Area: Faulconbridge 2776, Glenbrook 2773, Hawkesbury Heights 2777, Hazelbrook 2779, Katoomba 2780, Lapstone 2773, Lawson 2783, Leura 2780, Linden 2778, Medlow Bath 2780, Mount Irvine 2786, Mount Riverview 2774, Mount Tomah 2758, Mount Victoria 2786, Mount Wilson 2786, Berambing 2758, Springwood 2777, Sun Valley 2777, Blackheath 2785, Valley Heights 2777, Blaxland 2774, Blue Mountains National Park 2787, Warrimoo 2774, Wentworth Falls 2782, Winmalee 2777, Woodford 2778, Yellow Rock 2777, Megalong Valley 2785, Bullaburra 2784
Are you a real estate professional with an extensive knowledge of the Blue Mountains City Council property market? Our members would love to hear from you! Leave your insights in a comment below.
3 Things That Are Driving the Blue Mountains Property Market:
1. Population Growth – The population of Blue Mountains has grown by over 50% in the last 10 years, and this is expected to continue for at least another decade. This means more people are moving into the region which is driving demand for more housing and commercial property.
2. Infrastructure Improvements – There have been a number of infrastructure improvements in recent years including new train stations, road upgrades, water supply upgrades, sewage system improvements etc., which will be continuing to drive growth in time as they help improve living conditions and access to jobs around Sydney.
3. Lack of Housing Supply – With many other regions experiencing an increase in housing construction (which increases supply), the Blue Mountains market is still yet to experience such an increase.
I think all 3 points are interesting, but it’s also important that we don’t just focus on one aspect of the market without looking at other facets as well. With a lack of new housing supply in Sydney generally – the last point is pretty much moot.
What are your thoughts on these three factors?