Thinking about buying in Inverell? Now could not be a better time, with just 59 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $447,000 with prices in this suburb ranging from $266,000 to $451,000. The aproximate distance to the coast is 210 Km.
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Average Income | $ |
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In Inverell 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 Inverell 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 Inverell 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 Inverell 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.
Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 3.1 | 17.7 | 30.8 | 37.6 | 86.6 | 3.1 | 25.0 |
Feb | 3.0 | 16.4 | 29.5 | 38.0 | 88.6 | 2.8 | 23.2 |
Mar | 3.1 | 15.6 | 28.6 | 36.6 | 88.3 | 2.7 | 18.4 |
Apr | 1.6 | 11.3 | 23.9 | 38.9 | 88.4 | 2.6 | 16.4 |
May | 1.3 | 7.1 | 19.5 | 42.2 | 91.8 | 2.3 | 12.8 |
Jun | 1.5 | 5.4 | 16.9 | 44.4 | 92.4 | 2.4 | 10.8 |
Jul | 1.6 | 3.4 | 15.9 | 39.6 | 92.5 | 2.4 | 12.2 |
Aug | 1.4 | 4.2 | 18.1 | 31.9 | 86.1 | 2.6 | 14.9 |
Sept | 1.8 | 7.4 | 20.4 | 36.9 | 88.3 | 2.8 | 18.3 |
Oct | 2.9 | 11.1 | 24.4 | 34.9 | 87.4 | 2.8 | 22.0 |
Nov | 2.8 | 13.9 | 27.8 | 32.2 | 81.6 | 3.0 | 26.0 |
Dec | 4.2 | 15.2 | 27 | 44.6 | 91.4 | 2.8 | 24.6 |
source: Australian Government Bureau of Meteorology
10-02-2023 | $2,150,000 | 1092 CAMP CREEK RD |
05-12-2022 | $1,270,000 | 2098 MOUNT HALLAM RD |
24-08-2022 | $1,330,000 | 2090 BALTIMORE LOOP RD |
24-01-2022 | $1,786,365 | 1092 CAMP CREEK RD |
26-11-2021 | $371,000 | 1671 APPLE TREE FLAT RD |
23-11-2021 | $22,924 | 2405 MOUNT HALLAM RD |
08-10-2021 | $662,000 | 535 MOUNTAIN STATION CREEK RD |
07-10-2021 | $530,000 | 940 CAMP CREEK RD |
21-09-2021 | $2,300,000 | 901 CAMP CREEK RD |
30-07-2021 | $615,000 | 272 BALTIMORE LOOP RD |
11-05-2021 | $535,000 | 1619 BALTIMORE LOOP RD |
14-04-2021 | $300,000 | 2148 APPLE TREE FLAT RD |
21-12-2020 | $520,000 | 635 BALTIMORE LOOP RD |
02-07-2019 | $280,000 | 2034 BALTIMORE LOOP RD |
08-03-2019 | $450,000 | 2090 BALTIMORE LOOP RD |
21-07-2017 | $515,000 | 635 BALTIMORE LOOP RD |
07-03-2017 | $700,000 | 1961 ATHOLWOOD RD |
24-03-2016 | $286,000 | 1301 BALTIMORE LOOP RD |
24-08-2015 | $260,000 | 1671 APPLE TREE FLAT RD |
23-07-2015 | $400,000 | 1620 MOUNT HALLAM RD |
06-03-2015 | $410,000 | 1036 MOUNT HALLAM RD |
09-12-2013 | $400,000 | 2090 BALTIMORE LOOP RD |
06-05-2013 | $435,000 | 976 MOUNT HALLAM RD |
17-09-2012 | $650,000 | 2385 MOUNT HALLAM RD |
08-03-2010 | $8,000 | 2355 MOUNT HALLAM RD |
05-02-2010 | $868,000 | 1961 ATHOLWOOD RD |
21-09-2007 | $500,000 | 976 MOUNT HALLAM RD |
16-02-2007 | $520,000 | 2090 BALTIMORE LOOP RD |
20-11-2006 | $750,000 | 1045 BALTIMORE LOOP RD |
01-02-2006 | $600,000 | 1961 ATHOLWOOD RD |
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