This property is Off Market
With an average age of 49, households expect an average monthly mortgage payment of $1,444 or a weekly rent payment of $360. The average family earns a weekly income of $1,458 with a typical household size of 1.8 and a 85.05% employment rate.
In Katoomba 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 Katoomba 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 Katoomba 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. Lower than average population density constrains growth in Katoomba to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 7%)
Katoomba - Leura 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
16 / 100
31 / 100
Industry
25 / 100
22 / 100
Population
23 / 100
19 / 100
House Prices
54 / 100
60 / 100
Jobs
24 / 100
29 / 100
Incidents Trend State Average
Wentworth Falls Public School
Wentworth Falls, NSW, 2782 State K-6
Blue Mountains Grammar School
Wentworth Falls, NSW, 2782 Independent K-12
Kindlehill School
Wentworth Falls, NSW, 2782 Independent K-10
Megalong Public School
Megalong Valley, NSW, 2785 State K-6
Leura Public School
Leura, NSW, 2780 State K-6
St Canice's Primary School
Katoomba, NSW, 2780 Independent K-6
Katoomba North Public School
Katoomba, NSW, 2780 State K-6
Katoomba Public School
Katoomba, NSW, 2780 State K-6
Katoomba High School
Katoomba, NSW, 2780 State 7-12
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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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