All About Humula, Wagga Wagga, NSW, 2652

Humula, a quaint locality within the Wagga Wagga region of New South Wales, offers a serene and picturesque living environment that appeals to those looking to escape the hustle and bustle of city life. The housing market in Humula is characterized by its affordability compared to larger urban centers, making it an attractive option for first-time home buyers and families seeking more space without breaking the bank. Properties in this area are predominantly large plots of land that often include charming country homes or potential for new builds, allowing residents to enjoy expansive gardens and picturesque farmland views. The community atmosphere is strong, with locals taking pride in maintaining a peaceful and friendly neighborhood that is ideal for raising children or enjoying a slower-paced lifestyle in retirement.

Living in Humula provides residents with a unique blend of rural tranquility and access to essential amenities. While the area itself is quiet and predominantly agricultural, it's not far from the conveniences offered in Wagga Wagga, which is just a short drive away. Here, residents can find shopping centers, schools, healthcare facilities, and cultural activities. Despite its small size, Humula hosts local events and has community gatherings that foster a sense of belonging among its residents. The natural surroundings, including nearby parks and nature reserves, offer plenty of options for outdoor recreation, such as hiking, birdwatching, and picnicking, making it a delightful place for nature lovers. Overall, life in Humula is characterized by its community spirit, relaxed rural setting, and an appealingly simple and serene way of living.

Humula Real Estate Market Outlook

Thinking about buying in Humula? Now could not be a better time, with just 209 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $3,793,000 with prices in this suburb ranging from $45,000 to $163,460,000. The aproximate distance to the coast is 212 Km.

In Humula there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Humula is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Humula provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Humula we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Humula a better buying opportunity than it may have been in the past.

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