Full Breakdown
Record-Breaking Real Estate Spending in Regional Australia
2/19/2026, 9:37:48 PM
Orange Leads House Sales in New South Wales
In 2025, Orange emerged as the regional suburb in New South Wales (NSW) where buyers spent the most on houses, with total sales reaching $688,087,299. This figure is highlighted in Cotality’s Best of the Best 2025 report, which tracks property sales from the previous year. Orange, known for its vibrant wine and culinary culture, recorded 898 house sales during this period. The median house price in the suburb was $693,783 as of November, but high-end listings, including an $8 million sale, significantly contributed to its top ranking. Tim Lawless, research director at Cotality, noted that Orange's status as the second-largest suburb in NSW by area also played a role in its impressive sales figures.
Mildura Tops Property Spending in Victoria
In Victoria, the regional city of Mildura became the focal point of real estate spending, with buyers investing a total of $418,459,341 in house sales over the same period. The Cotality report indicated that Mildura had 821 house sales, making it the most lucrative market in regional Victoria. The second most active market was Torquay, which recorded 303 sales totaling $389,022,040. Mildura, often recognized for its agricultural output, has also developed a thriving tourism and culinary scene, further enhancing its appeal to homebuyers.
Implications of Rising Property Values
The significant spending in both Orange and Mildura reflects broader trends in regional property markets across Australia. As urban areas become increasingly expensive, many buyers are turning to regional locations for more affordable options and lifestyle changes. The data from Cotality suggests that these regions are not only attracting local buyers but also those from metropolitan areas seeking investment opportunities or a change in living environment.
Criticism & Opposition
Despite the positive outlook for these regional markets, some critics express concerns about the sustainability of such rapid price increases. They argue that inflated property values could lead to affordability issues for local residents, potentially displacing long-term inhabitants. Additionally, there are worries that the focus on high-end sales may overshadow the needs of average homebuyers in these communities.
Official Statements & Responses
Cotality's report has been met with interest from various stakeholders in the real estate sector. Tim Lawless emphasized the importance of understanding these trends, stating that "the growth in regional property markets is indicative of shifting buyer preferences." Local government officials in both Orange and Mildura have acknowledged the economic benefits of increased property sales but are also considering measures to ensure that housing remains accessible to all residents.
Verbatim Quotes
- “Mildura is more famous for oranges than auctions, but the city in Australia’s food bowl is the new epicentre of real estate spending.” — Cotality Report
This analysis of property sales in Orange and Mildura underscores the evolving landscape of Australia's real estate market, highlighting both opportunities and challenges for buyers and local communities alike.
