All About Burra, Queanbeyan-Palerang Regional, NSW, 2620

Burra, located within the Queanbeyan-Palerang Regional Council in New South Wales, offers a distinctive housing market characterized by its semi-rural charm and relative proximity to Canberra. The area is known for larger properties and countryside living, making it appealing for those seeking a peaceful lifestyle away from the hustle and bustle of bigger cities. In recent years, the housing market in Burra has seen a steady increase in interest, as more people look towards regional areas for more space and tranquility. While property prices have been rising due to increased demand, they are generally more affordable compared to the major metropolitan areas, offering good value for those willing to live slightly further from urban centers.

Living in Burra offers a unique blend of rural serenity and community spirit. Residents enjoy a tight-knit community where neighbors often know each other, and the pace of life is more laid-back. The scenic landscapes of rolling hills and open spaces provide plenty of opportunities for outdoor activities like hiking, horseback riding, and farming. While the area does not have the extensive amenities of a larger town, its proximity to Queanbeyan and Canberra means that residents can easily access more comprehensive services and entertainment options when needed. Overall, Burra is well-suited for individuals or families who appreciate a quieter, nature-focused lifestyle within reach of city conveniences.

Burra Real Estate Market Outlook

Thinking about buying in Burra? Now could not be a better time, with just 403 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,240,000 with prices in this suburb ranging from $68,000 to $3,869,000. The aproximate distance to the coast is 83 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Burra ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Burra classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Burra necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

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General Points of Interest

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