Bathurst property trends are often overlooked when talking about this famous country town. It’s overshadowed by its place as a motorsports mecca and pioneering settlement.
However, Bathurst property trends showcase good value for homes in a region spoilt by excellent infrastructure, diverse industries and a name known nationwide.
Bathurst is just one of several growing towns in the Central Tablelands. This means that it is just one of several cities that look attractive to new homeowners.
Yet this burgeoning town of 40,000 continues to expand and move beyond what its name is most commonly linked to. So how can Bathurst property trends appeal to homeowners far and wide?
Bathurst Profile
The city of Bathurst is known to Australians far and wide. To most, the town is known for its iconic racing circuit, Mount Panorama – home of the Bathurst 1000 race. For others, Bathurst is famous for being the first city in Australia to find gold in 1851. These claims are enough to sell the city on its own merits.
However, modern Bathurst is much more than those highlights. It’s a thriving town that is pivotal to linking many parts of New South Wales together. It’s why the town has grown to a population of nearly 45,000 with predictions expecting it to hit 50,000 by 2045. Why’s this?
For starters, the town has some of the best transport links anywhere in regional NSW. The town sits at the end of the Great Western Highway giving it direct links to Sydney. On top of that, the Mitchell Highway and Mid-Western Highway also run through the town linking to the far reaches of the state. There are also road links to Canberra and a direct rail link to Sydney too. This makes it easy to reach by any form of transport.
There’s also a wide range of industries catered for in the area too. This includes major hubs for farming, manufacturing and tourism giving the town a vibrant economy that eclipses many nearby towns. All this equates to Bathurst property trends performing strongly year after year.
General Facts
LGA: Bathurst Regional Council
Population: 45,367 (2024)
Dwellings: 18,463
Average Household Size: 2.45
Bathurst Property Trends Revealed
Bathurst
The city of Bathurst is one of the principal cities of the Central Tablelands. Residents can reach places like Sydney and Canberra in under 3 hours generating traffic from those regions. The excellent road network with 3 major highways running through the town also has helped contribute to a relatively strong property market.
The average price for a property in Bathurst is currently $637,500 (October 2024)– a relatively high figure for an inland city. Bathurst property trends have grown significantly in recent years and the 2024 benchmark sits just below the record price of $655,000 recorded in March 2022. For families, this means they would likely have to pay $620,000 for a three-bedroom home.
There’s also a strong market for unit property. Average unit prices in Bathurst currently sit at an all-time high of $450,000. This marks an increase of 4% annually in the 2020s. This is a strong average for 2-bedroom units in the town and has made Bathurst property trends climb steadily in recent years.
Population: 45,367
Average House Price: $637,500
Average Unit Price: $450,000
Average Rental Figure: $460p/w (house), $370p/w (unit)
Kelso
No town has benefitted more from Bathurst’s growth than Kelso. Directly east of Bathurst, Kelso straddles the Great Western Highway on the other side of the Macquarie River. It has evolved into a thriving settlement in its own right and is the biggest settlement between Bathurst and Lithgow when travelling by car.
Given its excellent location, Kelso’s property market is surprisingly strong. So much so that it eclipses its larger twin. The average property price in Kelso is $725,000 – nearly $100,000 more than Bathurst. This figure has grown double that of the town with an average rise of 3.2% between Oct 2023 and Oct 2024. It has helped Bathurst property trends perform strongly particularly with a 4-bedroom home costing families an average of $740,000 – higher than the Regional NSW average. It’s why the town now sports a population of over 10,000 in its own right.
Population: 10,039
Average House Price: $725,000
Average Rental Figure: $550p/w (house), $455p/w (unit)
Raglan
For a small town, Raglan has a lot of potential moving forward. The small community of 1,100 has direct road and train links with Sydney just east of Bathurst itself. Furthermore, the small Bathurst Airport is located in the town giving it interest from amateur flight enthusiasts. Despite all this, the town has maintained itself as a small community ever since its founding back in the 1850s.
Thanks to its excellent transport links, homes in Raglan maintain a high value. This is underlined by the average property price being $650,000. This is a relatively stable figure that has fluctuated by 1% either way throughout the 2020s including its current milestone which is a recent high. All this underlines why the region has continued to grow in recent years.
Population: 1,100
Average house Price: $650,000
Average Rental Figure: $492 p/w
Eglinton
Eglinton finds itself on the edge of Bathurst’s sphere of influence. Directly north of the main city, Eglinton has established itself as a quiet town that echoes the rural farms surrounding it. Set aback from the main highways, it portrays itself as the more subdued town in comparison to many of its neighbours south of the Macquarie River.
It’s perhaps this reason why it has a high property price average of $715,000. Despite this high value, Eglinton has seen some of the biggest price rises in the region. This comes with property prices jumping 5% between October 2023 and October 2024. These figures have helped Bathurst property trends trump rival towns in direct comparisons.
Population: 2,256
Average Property Price: $715,000
Average Rental Figure: $560p/w
Conclusion
As you can see, Bathurst property trends have shown significant growth in recent years. Outer suburbs have performed particularly well. This is highlighted by the sharp increases in Kelso and Eglinton. In the city itself, units in Bathurst have proven to be particularly popular and doubling their value compared to standard houses.
The Bathurst region is only going to continue growing as the years progress. Thanks to its mix of landmarks and established connections, the town will continue to grow and act as the hub for the Central Tablelands region. That’s why looking at the Bathurst property trends helps showcase the continued strength of the region for years to come.
To seek out the best options for purchasing a home, speak to a Wise Buy Home Lender for guidance today.
Our property experts can give you all the advice you need to work out the best way to get on the property ladder today. Speak to our team today to see how they can help you benefit from Bathurst property trends today.