THE median cost of buying a home on the South Coast is soaring with prices in one location up by more than $227,000 during the past five years, new data shows.
The recently-released Domain House Price Report for the June quarter shows the median price for homes and how they have changed in recent years.
Kiama may have topped the list for the most expensive place to buy a home at $822,500, but it did not record the highest growth during the five-year period.
That honour went to Shoalhaven, where the median house price soared by 50.0 per cent, or more than $183,000.
Data from the report shows the cost has increased from $366,750 in 2014 to $550,000 this year.
The next highest growth was in Eurobodalla with a 39.0 per cent jump - from $365,000 to $507,500 (an increase of ($142,500)
Kiama recorded the third highest per cent increase in the median cost of a home, with a jump of 38.2 per cent during the five-year period.
During the time the cost jumped from $595,000 to $822,500 which represents a staggering $227,500 increase on the median cost of a home.
The booming costs in these regional locations are a stark comparison to the falling house prices in Sydney.
While the median cost remains above $1 million ($1,032,338), data in this report shows prices are now 14 per cent below the mid-2017 peak.
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