About New South Wales — 2025 Overview
New South Wales (NSW) is home to approximately 8.2M people, with the state capital Sydney being the main population and economic centre. The New South Wales economy is supported by financial services, construction and a diversified economy.
Property and Finance in New South Wales — 2025
| Metric | New South Wales 2025 Data |
|---|---|
| Average house price (Sydney) | $1,100,000 |
| Average weekly rent (Sydney) | $700/week |
| Stamp duty note | FHBs pay zero duty on homes to $800K; concession to $1M. |
| Average fuel price | 180–215c/L |
| Minimum wage | $24.10/hr (national rate) |
Construction Costs in New South Wales — 2025
- Paving: $110–$200/m² installed (brick paving, Sydney metro)
- Ready-mix concrete: $220–$285/m³ ready-mix (Sydney metro)
- Decking: $360–$520/m² installed (spotted gum and merbau popular)