In the last 40 years average house prices in Sydney have skyrocketed from $27,400 in 1973 to $843,994 in 2014, according to Domain.

Professionals Bathurst sales specialist Leanne Hurley is just one of the local agents to experience a boom in investor enquiries from people in Sydney and  east of Bathurst.

She said investors now make up a big portion of buyer enquiries, and they are looking for a good return on their investment.

“They really have to see a great return, not just a good one, to commit [to investing],” Ms Hurley said.

“Investors are looking to get more than if they put their money in the bank.

“They’re looking for a six to eight per cent return.”

Raine and Horne Bathurst director Michelle Mackay agreed there have been a number of investor enquiries from Sydney.

“Properties in the low to mid $400,000s are moving fast,” she said.

Real Estate Institute of Australia chief executive officer Amanda Lynch told Domain a myriad of factors have affected housing prices, including undersupply, land-development processes and policies, cost of construction and taxes.

“Although the level of affordability can vary cyclically, house-price and household-income data suggest that there has been an underlying structural affordability problem in Australia over the past half-century,” she said.

“From 1960 to 2006, real house prices increased at an average of 2.7 per cent per annum, ahead of a 1.9 per cent per annum growth per household real income.”

Ms Hurley said the Reserve Bank of Australia’s continued drop in cash rates to an historic low of just two per cent has boosted the number of sales enquiries overall for Bathurst.

“April was really quite an excellent month,” she said.

“The market’s quite ripe at the moment and I think interest rates being so low contributes to that.”

Mrs Mackay said while spring might be the traditional time to list your house for sale, there were benefits to selling now.

“A lot of people usually wait until spring, but then you’ve got more competition,” she said.

“I suggest you get in now, people are still buying, even though it’s coming into winter.”