All About Koonorigan, Lismore, NSW, 2480

Koonorigan, situated within the Lismore region of New South Wales, is a picturesque rural locality that offers a peaceful lifestyle amidst rolling hills and lush farmlands. The housing market in Koonorigan is characterized by larger blocks of land that typically feature charming country homes or quaint farmhouses, making it an attractive destination for those seeking tranquility away from urban hustle. Property prices in this area are generally more affordable compared to larger towns or coastal regions, thus providing great value for money, especially for families or retirees looking to embrace a rural lifestyle. Recent trends suggest a steady demand driven by an increasing interest in regional living, partly spurred by the shift to remote work options and a desire for more space.

Living in Koonorigan offers a serene and community-focused experience. Residents enjoy a strong sense of local camaraderie, where neighbors often know each other by name and community events are a staple. The area is rich with natural beauty, offering plenty of opportunities for outdoor activities like hiking, cycling, and exploring local wildlife. Despite its rural setting, Koonorigan is still conveniently accessible to the amenities and services available in nearby Lismore, which is just a short drive away. This includes access to schools, healthcare facilities, and shopping centers, making it an ideal blend of peaceful rural living with practical convenience. The combination of lush landscapes, affordability, and a friendly community makes Koonorigan a hidden gem worth considering for those looking to escape the frenzy of city life.

Koonorigan Real Estate Market Outlook

Thinking about buying in Koonorigan? Now could not be a better time, with just 191 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,318,000 with prices in this suburb ranging from $513,000 to $7,340,000. The aproximate distance to the coast is 31 Km.

In Koonorigan 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 Koonorigan 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. A mix of professions and above average income earners in Koonorigan 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 Koonorigan necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Koonorigan we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Koonorigan a better buying opportunity than it may have been in the past.

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General Points of Interest

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