Drivers of housing demand and land values in regional New South Wales: Insights from submissions to the New South Wales Regional Housing Taskforce 2022.
- Publisher:
- The Australasian Journal of Regional Studies
- Publication Type:
- Journal Article
- Citation:
- The Australasian Journal of Regional Studies, 2025, 30, (1), pp. 25-47
- Issue Date:
- 2025-04-28
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| Filename | Description | Size | |||
|---|---|---|---|---|---|
| AJRS-30.1-pages-25-to-47.pdf | Published version | 368.94 kB |
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Residential land values and housing prices across regional Australia have outpaced those of capital cities over the past five years, primarily driven by forces of market demand. This paper commences with a review of the movement in land values and examines the key factors that have driven demand for residential land and housing in regional New South Wales (NSW). By reviewing submissions to the NSW Regional Housing Taskforce 2022, the paper explores the feedback and factors that have impacted, and will continue to impact, land values and housing demand in the medium term. Through thematic analysis, this paper finds a shift towards lifestyle living and second dwelling ownership and a change in workforce demand have increased the demand for regional housing. This is compounded by the demand for short-term worker accommodation and the conversion of long-term rentals into short-term stays. These factors have profoundly increased demand for housing and residential land values across regional NSW.
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