According to Domain figures, the median house price in the Shoalhaven was $347,500 in 2013, $545,000 in 2017 and $550,000 in 2018, showing an increase of more than 58 per cent over the five year period.

Meanwhile, in Sydney the median price was $1,015,559 in 2015, $1,180,024 in 2017 and $1,062,619 in 2018 - which showed just five per cent increase over the five years. 

While five year growth has been strong in the Shoalhaven, Domain senior data analyst Nicola Powell said property prices in the region were starting to become stagnant. 

"The South Coast hasn't experienced the extraordinary growth that Sydney did during the boom," she said. 

"But I think what we are starting to see is a more steady pace of growth and we aren't expecting any serious declines." 

Ms Powell said a lot of buyers out-priced in the Sydney market were snapping up properties on the South Coast, particularly those in closer proximity to the city.  

"There is much greater affordability in the Shoalhaven when you compare it the average Sydney price, which is still well over $1 million," she said. 

"We are seeing people relocate to the Shoalhaven with their families and opt for a lifestyle change, while others are buying holiday homes." 

Mollymook Beach was on the of the Shoalhaven suburbs with the highest price tag last year, with a median price of $737,500. In the 12 month period, 65 homes were sold in the suburb, which clocked a five year price rise of almost 74 per cent. 

READ MORE: 'Buyers market': Number of properties for sale declines in Shoalhaven

Bomaderry was on of the more affordable suburbs in the region, with an average price of $465,000. The suburb price was attractive to buyers, with 106 homes sold. Although classed as one of the more inexpensive suburbs, prices in Bomaderry have still shown a 68.5 per cent price increase in the past five years. 

Nowra has also seen a strong increase in housing prices, jumping by 74.1% over the past five years. Last year, 148 homes were sold in the suburb, at an average price of $470,000. 

Looking forward, Ms Powell said loosening of lending criteria would ease market deterioration in Sydney, which would have a ripple effect on the South Coast.