NSW housing prices and the State of Origin
What was the median house price the last time the Blues fielded an all-NSW team in State of Origin?
The Blues have only fielded an all NSW team six times throughout Origin history. With 2001 marking the last time that NSW played with a ‘pure’ team, we’ve compared NSW property prices from 2001 to now.
With 5.6% of NSW Origin points being scored by non New South Welshmen, and with 7.8% of NSW players originating from non-NSW regions, the meaning of Origin has become hazy.
Recent research has shown that in the 33 series of Origin, on nine occasions, NSW had a greater percentage of non-NSW players than QLD had non-Queenslanders on their side of the field.
While QLD therefore had a greater percentage of non-QLD players in the remaining 24 series, this still represents a large proportion of series where NSW benefited from the talent of non-NSW born and bred athletes.
We’ve compared NSW and QLD property prices over the past 14 years- from 2001 to 2015- to better understand changes and growth in NSW housing prices.
NSW Property Prices: 2001 vs 2015
The below table demonstrates that in 2001, the median price for a house in NSW would set you back $169 900.
In the twelve months leading to February 2015, the median house price in NSW was $550 000. This marks a total increase of 323.72% from 2001 to 2015.
Recent findings from Mortgage House (2015) have reported that Sydney currently hosts the highest national dwelling price of $760 000. These soaring property prices have been fueled by low interest rates set by the Reserve Bank.
On the other hand, the median price for a Queensland house was $138 000 in 2001, compared to $440 000 today. Therefore Queensland property prices have witnessed a 318.84% increase during this time.
With greater percentage growth in the median price of a dwelling, NSW’s escalating property prices and bubbling housing market may deter QLD players from fielding for NSW in the years to come.
Yet with a total of 20 non-NSW athletes backing NSW and with 1.71% of overall NSW winning contributions made by QLD-born players, this trend may become blueprint for State of Origin in the near future.