RedStar replied to the topic What is driving prices in Coastal areas? in the forum General Property 20 years, 10 months ago
Carlover,
The demand for property in country areas in mainly fueled by city people wanting to buy vacation homes. This in turn pushes the prices up in these areas. For example, look at Terrigal, the average price of a home rangers anything from 500k to 2 million, its a simple maxium, demand will always influence supply and for that matter, price!