5 Riverleigh Avenue, Gerroa NSW 2534
This property is Off Market
- Last sold 5/19/2021 for $1,700,000. The Average property price in this area is $1,652,357, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.34 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/18/2024 88 HEADLAND DR $2,400,000
- 9/27/2024 74 CROOKED RIVER RD $2,100,000
- 9/6/2024 23 STAFFORD ST $2,050,000
- 8/2/2024 7 STAFFORD ST $2,350,000
- 6/12/2024 99 STAFFORD ST $2,425,000
About Kiama Hinterland - Gerringong
With an average age of 52, households expect an average monthly mortgage payment of $1,617 or a weekly rent payment of $455. The average family earns a weekly income of $2,058 with a typical household size of 2.2 and a 94.32% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Gerroa due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Gerroa 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 Gerroa 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 Gerroa a better buying opportunity than it may have been in the past.
Public Transport
Gerringong
The Husky Ferry Pickup/Dropoff
Bomaderry
Bombo
Minnamurra
Kiama
Oak Flats
Dapto
Albion Park
Shellharbour Junction
General Points of Interest
Gerringong Ladies Baths
Courthouse
Berry Swimming Pool
Berry Bowling Club
Ourie Rock Pool
Shoalhaven Heads Golf Course
Berry Sport and Recreation Centre
Population
(Country of Birth not stated 5%)
Are people healthy?
There are a recorded 752 asthma sufferers and 433 people living with diabetes. In addition, 550 people have a heart/vascular condition and 830 people live with three or more chronic diseases.A good place to invest in property?
Kiama Hinterland - Gerringong 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
37 / 100
31 / 100
Industry
12 / 100
22 / 100
Population
10 / 100
19 / 100
House Prices
65 / 100
60 / 100
Jobs
23 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsKiama HS Gerringong PS
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Berry Public School
Berry, NSW, 2535 State K-6 -
Kiama High School
Kiama, NSW, 2533 State 7-12 -
Gerringong Public School
Gerringong, NSW, 2534 State K-6
Property Story
5 Riverleigh Avenue, Gerroa, Nsw, 2534 is a residential property with 3 bedrooms, 1 bathrooms and 3 Parking spaces. The estimated value of this home is $2,245,000 while properties of this type typically sell for between $2,825,000 and $5,250,000 in this suburb. The estimated distance to the sea is only 0.34km and 0.28KM 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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