Springfield, 220 SPRINGFIELD LANE Galambine NSW 2850
This property is Off Market
- Last sold 4/11/2018 for $2,150,000. The Average property price in this area is $649,032, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 197.16 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 11/1/2023 1935 CASTLEREAGH HWY $1,825,000
- 3/28/2023 98 NORRIS LANE $1,275,000
- 2/2/2023 1987 CASTLEREAGH HWY $255,000
- 8/2/2022 1908 CASTLEREAGH HWY $137,500
- 5/31/2022 82 NORRIS LANE $1,190,000
About Mudgee Region - West
With an average age of 39, households expect an average monthly mortgage payment of $2,167 or a weekly rent payment of $400. The average family earns a weekly income of $2,856 with a typical household size of 2.9 and a 98.14% employment rate.
In Galambine 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 Galambine 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. The slightly lower than average earnings from occupations in Galambine changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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. With very low industrial sector presence in Galambine the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
General Points of Interest
Gulgong Golf Club
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 1473 asthma sufferers and 692 people living with diabetes. In addition, 731 people have a heart/vascular condition and 1308 people live with three or more chronic diseases.A good place to invest in property?
Mudgee Region - West a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
17 / 100
31 / 100
Industry
07 / 100
22 / 100
Population
08 / 100
19 / 100
House Prices
45 / 100
60 / 100
Jobs
22 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsGulgong HS Gulgong PS
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St Matthews Catholic School
Mudgee, NSW, 2850 Independent K-12 -
Mudgee High School
Mudgee, NSW, 2850 State 7-12 -
Red Hill Environmental Education Centre
Gulgong, NSW, 2852 State -
Mudgee Public School
Mudgee, NSW, 2850 State K-6 -
Gulgong High School
Gulgong, NSW, 2852 State 7-12 -
Cudgegong Valley Public School
Mudgee, NSW, 2850 State K-6 -
Gulgong Public School
Gulgong, NSW, 2852 State K-6 -
All Hallows Catholic Primary School
Gulgong, NSW, 2852 Independent K-6 -
Goolma Public School
Goolma, NSW, 2852 State K-6
Property Story
Springfield, 220 Springfield Lane, Galambine, Nsw, 2850 is a residential property . The estimated distance to the sea is 197.16km and at least 6.19KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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