All About Electrona, Kingborough, TAS, 7054

Electrona, located in the Kingborough municipality of Tasmania, is a quaint and increasingly sought-after suburb nestled along the serene coastline. The housing market in Electrona is characterized by its blend of affordability and opportunity, with a mix of traditional homes and modern developments. As more people discover the charm and tranquility of this suburb, demand for housing has begun to rise, leading to a gradual increase in property values. Buyers are particularly attracted to Electrona for its proximity to Hobart, making it an ideal location for those seeking a peaceful residential community while still having convenient access to city amenities.

Living in Electrona offers residents a unique lifestyle that seamlessly combines natural beauty with a tight-knit community atmosphere. The suburb provides picturesque views of the Derwent River and lush, green landscapes that add to its appeal. Families and individuals are drawn to Electrona not only for its affordability but also for the quality of life it offers. Outdoor enthusiasts enjoy the abundance of recreational activities, including hiking, sailing, and exploring nearby national parks. The community is friendly and welcoming, with local events and gatherings that foster a sense of belonging among residents. Overall, Electrona provides a perfect balance of peaceful suburban life and easy access to urban conveniences, making it an attractive destination for those looking to make a move.

Electrona Real Estate Market Outlook

Thinking about buying in Electrona? Now could not be a better time, with just 223 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $570,000 with prices in this suburb ranging from $38,000 to $1,486,000. Electrona is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Consistent high demand relative to supply is a key feature in Electrona driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Electrona 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 Electrona 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. High density population in Electrona requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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