Thinking about buying in Greengrove? Now could not be a better time, with just 26 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,148,000 with prices in this suburb ranging from $782,000 to $5,011,000. The aproximate distance to the coast is 15 Km.

Greengrove Real Estate Market Outlook

In Greengrove 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. 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 Greengrove due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Greengrove changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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 Greengrove 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.

Properties for sale Greengrove

1 mangrove creek rd, greengrove, nsw, 2250

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Recently Sold Properties / House Prices

10-09-2020	$915,000	3693 WISEMANS FERRY RD
23-03-2020	$3,537,952	178 MANGROVE CREEK RD
31-01-2018	$735,000	128 MANGROVE CREEK RD
11-01-2018	$3,650,000	3673 WISEMANS FERRY RD
25-08-2011	$500,000	3693 WISEMANS FERRY RD
14-10-2009	$545,000	3693 WISEMANS FERRY RD
30-11-2007	$3,830,000	167 MANGROVE CREEK RD
06-12-2006	$1,225,000	178 MANGROVE CREEK RD

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General Points of Interest

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