All About Kellevie, Sorell, TAS, 7176

Kellevie, located in the Sorell region of Tasmania, offers a tranquil and rural setting that appeals to those seeking a quieter lifestyle. The housing market in Kellevie is characterized by its mix of rustic charm and affordability, making it an attractive option for both first-time homebuyers and retirees. Properties in this area often feature larger plots of land, providing plenty of space for gardens or outdoor activities, a feature that is particularly attractive to nature lovers and families. The region has seen a steady interest recently due to its affordability compared to more urbanized areas, where prices are significantly higher.

Living in Kellevie provides residents with a sense of community and peacefulness that is harder to find in bustling urban areas. The region is surrounded by picturesque landscapes, with rolling hills and lush farmland forming the backdrop of everyday life. This area is ideal for those who appreciate a slower pace, where the simplicity of rural living is cherished. Community events and local gatherings are common, fostering a tight-knit community spirit. While amenities are not as abundant as in larger towns, Kellevie's proximity to Sorell ensures that residents have access to necessary conveniences, including shops, schools, and healthcare facilities, just a short drive away.

Kellevie Real Estate Market Outlook

Thinking about buying in Kellevie? Now could not be a better time, with just 103 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $451,000 with prices in this suburb ranging from $26,000 to $1,236,000. Kellevie is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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. 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 Kellevie due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Kellevie 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 Kellevie 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.

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