38 Ocean Drive, Wallabi Point NSW 2430
This property is Off Market
- Last sold 3/9/2018 for $609,000. The Average property price in this area is $782,594, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.15 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
- 10/16/2024 3 OCEAN DR $1,500,000
- 10/14/2024 2 HARTLYN DR $1,250,000
- 10/1/2024 17 JANICE ST $950,000
- 9/30/2024 305 SALTWATER RD $960,000
- 9/20/2024 6 PEETS AVE $1,200,000
About Old Bar - Manning Point - Red Head
With an average age of 45, households expect an average monthly mortgage payment of $2,000 or a weekly rent payment of $420. The average family earns a weekly income of $2,023 with a typical household size of 2.6 and a 96.64% employment rate.
In Wallabi Point 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 Wallabi Point 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 Wallabi Point 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. Lower than average industry presence in Wallabi Point 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 Wallabi Point a better buying opportunity than it may have been in the past.
General Points of Interest
Whale Watch Tower
Taree Motorcycle Club
Black Head Rock Pool
Black Head Bowling Club
Old Bar Pool
The Big Buzz Fun Park
Cave
Population
(Country of Birth not stated 10%)
Are people healthy?
There are a recorded 1676 asthma sufferers and 697 people living with diabetes. In addition, 945 people have a heart/vascular condition and 1562 people live with three or more chronic diseases.A good place to invest in property?
Old Bar - Manning Point - Red Head 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
09 / 100
31 / 100
Industry
12 / 100
22 / 100
Population
10 / 100
19 / 100
House Prices
51 / 100
60 / 100
Jobs
18 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsTaree HS Old Bar PS
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Taree High School
Taree, NSW, 2430 State 7-12 -
Manning Adventist School
Tinonee, NSW, 2430 Independent K-6 -
Hallidays Point Public School
Diamond Beach, NSW, 2430 State K-6 -
St Clare's High School
Taree, NSW, 2430 Independent 7-12 -
Cundletown Public School
Cundletown, NSW, 2430 State K-6 -
Mitchells Island Public School
Mitchells Island, NSW, 2430 State K-6 -
Chatham Public School
Taree, NSW, 2430 State K-6 -
Manning Valley Anglican College
Cundletown, NSW, 2430 Independent K-12 -
Old Bar Public School
Old Bar, NSW, 2430 State K-6
Property Story
38 Ocean Drive, Wallabi Point, Nsw, 2430 is a residential property with 4 bedrooms, 4 bathrooms and 2 Parking spaces. The estimated value of this home is $925,000 while properties of this type typically sell for between $750,000 and $925,000 in this suburb. The estimated distance to the sea is only 0.15km and 0.25KM 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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