This property is Off Market
With an average age of 60, households expect an average monthly mortgage payment of $1,350 or a weekly rent payment of $310. The average family earns a weekly income of $1,317 with a typical household size of 1.9 and a 93.88% employment rate.
In Red Rock 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 Red Rock 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. Low average earnings from people in Red Rock leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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 Red Rock 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 Red Rock a better buying opportunity than it may have been in the past.
(Country of Birth not stated 8%)
Woolgoolga - Arrawarra 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
14 / 100
31 / 100
Industry
12 / 100
22 / 100
Population
11 / 100
19 / 100
House Prices
53 / 100
60 / 100
Jobs
10 / 100
29 / 100
Incidents Trend State Average
St Francis Xavier Primary School
Woolgoolga, NSW, 2456 Independent K-6
Woolgoolga Public School
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Woolgoolga High School
Woolgoolga, NSW, 2456 State 7-12
Wooli Public School
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Mullaway Public School
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Corindi Public School
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Glenreagh Public School
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Kororo Public School
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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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