All About Fernhill, Wollongong, NSW, 2519

Fernhill, a peaceful suburb in the northern part of Wollongong, NSW, offers a unique blend of suburban charm and accessibility. The housing market in Fernhill is characterized by a mix of classic and modern residences, catering to a variety of tastes and budgets. With its lush, tree-lined streets and spacious properties, it's an attractive option for families and professionals alike. Over the years, Fernhill has seen steady growth in property values, driven by its proximity to Wollongong's conveniences and the stunning natural beauty of the Illawarra escarpment. Buyers can find a range of options from cozy cottages to larger family homes, making it a versatile market for those seeking their dream home.

Living in Fernhill presents an excellent balance of lifestyle and convenience. Residents enjoy a tight-knit community atmosphere, with local parks and schools providing ample opportunities for family activities and community engagement. The suburb is located just a short drive from the Wollongong city center, offering easy access to shopping, dining, and cultural attractions. Additionally, the nearby beaches and escarpment trails are perfect for outdoor enthusiasts and nature lovers. Public transport links are also readily available, making the commute to work or study more manageable. Overall, Fernhill offers a serene yet connected living experience that appeals to those looking for a quieter pace of life without sacrificing access to urban amenities.

Fernhill Real Estate Market Outlook

Thinking about buying in Fernhill? Now could not be a better time, with 640 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,163,000 with prices in this suburb ranging from $311,000 to $4,627,000. Fernhill is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Fernhill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Fernhill provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Fernhill 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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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