523 Springwood Road, Rannock NSW 2701
This property is Off Market
- Last sold 8/8/2017 for $2,355,000. The Average property price in this area is $791,171, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 285.72 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
- 2/1/2023 313 ALLENS LANE $1,053,362
- 7/16/2020 2245 RANNOCK RD $48,000
- 6/25/2020 344 MENZIES LANE $496,010
- 12/2/2019 2718 RANNOCK RD $2,690,000
- 11/4/2019 1 GRINTERS LANE $132,000
About Wagga Wagga Region
With an average age of 42, households expect an average monthly mortgage payment of $542 or a weekly rent payment of $150. The average family earns a weekly income of $2,143 with a typical household size of 2.7 and a 101.88% employment rate.
In Rannock 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 Rannock 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 Rannock 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 Rannock 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 Rannock a better buying opportunity than it may have been in the past.
Population
(Country of Birth not stated 10%)
Are people healthy?
There are a recorded 1925 asthma sufferers and 714 people living with diabetes. In addition, 865 people have a heart/vascular condition and 1279 people live with three or more chronic diseases.A good place to invest in property?
Wagga Wagga Region 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
20 / 100
31 / 100
Industry
14 / 100
22 / 100
Population
13 / 100
19 / 100
House Prices
39 / 100
60 / 100
Jobs
34 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsCoolamon CS
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St Michael's Primary School
Coolamon, NSW, 2701 Independent K-6 -
Marrar Public School
Marrar, NSW, 2652 State K-6 -
Ganmain Public School
Ganmain, NSW, 2702 State K-6 -
St Brendan's Primary School
Ganmain, NSW, 2702 Independent K-6
Property Story
523 Springwood Road, Rannock, Nsw, 2701 is a residential property . The estimated distance to the sea is 285.72km and at least 6.58KM 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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