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Land values go gang-busters across the western plains

Western Plains App

Farren Hotham

28 November 2025, 1:40 AM

Land values go gang-busters across the western plainsBrewarrina homes are selling quickly. [IMAGE: Domain]

The NSW Valuer General Sally Dale says properties in Brewarrina, Warrumbungle and Warren have jumped in value bucking the trend of a statewide 0.7% increase which some property agents say is good for sellers.


On November 25 the Valuer General released its annual reports on property values in NSW, reflecting values at July this year.


Residential land-only values increased over the past 12 months by 33.8% in Brewarrina, 20.3% in Warrumbungle and just over 10% in Warren while a number of other western plains towns lifted by around the 4-5% mark.



“We’re seeing really strong increases in western NSW residential markets for the second year running with the suspected trend of people moving west continuing," Ms Dale said.


"With a median house price in Hay and Brewarrina as examples being just shy of $250,000 and $125,000 respectively at 1 July 2025, it's no surprise that land values have moved up to 40% as people chase greater affordability – including hobby farms."


Richardson and Sinclair's property expert Frank Power says land values have increased because investors have shifted money from a volatile stock market into affordable home buys.


''These are tangible buys you can see and feel and the returns on investment are powering the market in the Western Plains and Sydney buyers can see the value.''


He says the internet has changed the game with investors easily able to see homes on line and at the right price they appear to see properties are good value.


NSW Valuer General Sally Dale. [IMAGE: NSW Government]


Richelle Codrington from Brewarrina’s Schute Bell Badgery and Lumby says investors are buying small properties up in the town.


"House prices reflect the reason why land values are up as much as 38% and the reason is surprising.. investors from Sydney and Melbourne are buying all of these sight unseen.’’


"They see a good return on investment and there is nowhere to rent here so they get tenants in quickly," Ms Codrington said.


Vacant blocks aren’t selling as well she said but it's about supply and demand in terms of housing.


Andrew Ball from Trangie’s Fair Dinkum real estate said he sold a residential property in Brewarrina recently and the interest was strong.


‘’The small residence was snapped up quickly. We had 300 inquiries so there's every reason to think it shows interest there.’’


He said Trangie’s values were also very strong with sale prices in the local market good over the last 18 months.


‘’Some properties have sold for more than $100,000 over the asking price,’’ he said.



Warrumbungle's LGA has seen a 20% jump in land values.


Experienced agent Chris Korff from Ray White in Coonabarabran says it is not unexpected.


"Values have come from a very low base and have quietly crept up the last few years.''


He says savvy investors are not being turned off by the rising prices.


''Rentals have jumped and the return on capital is strong,'' Mr Korff said.


He said projects in the renewable energy zone will affect the market and its land values.


Mr Korff says some Warrumbungle area properties will be sold for above average prices while others may decrease, making it hard to get a true perspective.


A property under offer in Warren, NSW. [IMAGE: Ray White]

 

Warren has also increased land values by 10% Richardson and Sinclair's Bridgette Caton says sales show promise there.


''Investors are looking for good returns here so the land values show positivemovements.''


Ms Caton says Nyngan is also a bright spot.


''Our office is receiving a lot of enquires about home and residential sales its local investors not just mining workers.''


A couple of local communities held fast on land values while Walgett shire saw a significant reduction with values 20.3% down on 2024.


Check out your own area here.