Richmond-Tweed Listed As Top Real Estate Profit Region.
2026 has proven that a volatile market will take the real estate industry in swings and roundabouts. Understandably this can shake the confidence of buyers and sellers alike, however encouraging new data has revealed that the Richmond-Tweed area is one of the top profit regions in the country. While many markets have softened due to budget tax changes, oil prices, the cost-of-living crisis and interest rate hikes due to inflation, it seems the Richmond-Tweed region has sustained a healthy profit margin for sellers over the past 12 months. New stats from PropTrack data tells an interesting story which shows that properties in the Richmond-Tweed region gained a whopping 95.7% growth profit on resales over the past 12 months. This works out to be a median profit of $453,000 on the properties sold marking it as the eight most profitable region in New South Wales. Coming in at the top of the list was Sydney’s Northern Beaches which saw a growth of 96.3% and a median profit of $810,000 on properties sold over the same period. Given that Sydney is home to the country’s most expensive suburbs, it’s clear that the Richmond-Tweed region is fast becoming one of the most sought-after areas as it undergoes a major era of growth. Driving these huge growth profits are areas in the Richmond-Tweed like Byron Bay, Casuarina and Kingscliff. We first saw an upward trend in these regions in the COVID-19 boom around 2021 which saw many of these markets outpace value growth compared to many of Australia’s capital cities. In some coveted suburbs in the Tweed Coast we are seeing considerable profit margins especially Cylinders Drive, Kingscliff where the Witheriff Group has secured over $100 million in sales over the past 12 months. One off-market sale at 55 Cylinders Drive shows how far this region has come. The luxury beachfront property was last sold in 2019 for $3.5 million and recently went unconditional for $9 million marking it as a street record. These pockets in the Richmond-Tweed region are continuing to show their value with year-on-year growth while other regions soften. Property price growth is now expected to remain flat across the major capital cities over 2026, down from its previous forecast of 5% growth. The Richmond-Tweed region is now experiencing a sustained period of growth proving now is the perfect time for sellers to make their next move. To learn more about how we can assist with your property get in touch with the Witheriff Group team today – 6674 3650.