Thinking about buying in Summer Island? Now could not be a better time, with just 47 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $921,000 with prices in this suburb ranging from $601,000 to $1,305,000. Summer Island is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Summer Island 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 Summer Island 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 Summer Island 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. With very low industrial sector presence in Summer Island the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Kinchela Public School
Smithtown Public School
(While the above schools are located with the suburb of Summer Island there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 4.0 | 20.8 | 28.8 | 60.0 | 88.6 | 5.2 | 24.1 |
Feb | 10.5 | 20.1 | 28.1 | 60.8 | 91.2 | 4.5 | 19.3 |
Mar | 11.9 | 18.9 | 26.7 | 63.1 | 92.5 | 4.5 | 15.8 |
Apr | 4.3 | 15.2 | 24.7 | 56.4 | 92.5 | 3.8 | 14.9 |
May | 3.0 | 12 | 22.6 | 52.9 | 92.2 | 3.4 | 12.3 |
Jun | 3.3 | 9.8 | 20.1 | 54.0 | 91.5 | 3.7 | 11.0 |
Jul | 1.1 | 7.7 | 20.2 | 47.3 | 92.9 | 3.4 | 12 |
Aug | 1.7 | 8.0 | 21.2 | 43.0 | 92.0 | 3.7 | 15.2 |
Sept | 2.1 | 11.3 | 22.9 | 46.7 | 90.2 | 4.5 | 17.7 |
Oct | 3.5 | 14.0 | 24.1 | 53.8 | 90.7 | 4.6 | 20.7 |
Nov | 1.2 | 16.5 | 26.5 | 49.8 | 87.5 | 5.1 | 24.9 |
Dec | 6.5 | 19.0 | 27.4 | 57.9 | 88.5 | 5.2 | 23.0 |
source: Australian Government Bureau of Meteorology
16-12-2022 | $935,000 | 573 SUMMER ISLAND RD |
25-06-2020 | $643,000 | 201 SUMMER ISLAND RD |
26-11-2019 | $860,000 | 763 SUMMER ISLAND RD |
29-05-2019 | $420,000 | 195 SUMMER ISLAND RD |
12-04-2019 | $320,000 | 833 SUMMER ISLAND RD |
03-08-2018 | $850,000 | 525 SUMMER ISLAND RD |
25-01-2018 | $790,000 | 379 SUMMER ISLAND RD |
31-01-2017 | $580,000 | 835 SUMMER ISLAND RD |
06-09-2016 | $410,000 | 189 SUMMER ISLAND RD |
05-03-2015 | $565,000 | 633 SUMMER ISLAND RD |
17-12-2012 | $345,000 | 175 SUMMER ISLAND RD |
31-05-2011 | $300,000 | 567 SUMMER ISLAND RD |
26-02-2010 | $480,000 | 573 SUMMER ISLAND RD |
22-12-2009 | $510,000 | 777 SUMMER ISLAND RD |
24-11-2009 | $490,000 | 303 SUMMER ISLAND RD |
05-12-2008 | $515,000 | 201 SUMMER ISLAND RD |
27-03-2008 | $440,000 | 303 SUMMER ISLAND RD |
20-05-2005 | $305,000 | 633 SUMMER ISLAND RD |
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