All About Lake Hume Village, Albury, NSW, 3691

Lake Hume Village, nestled near Albury in New South Wales, offers a unique and picturesque setting for residents, characterized by its proximity to the stunning Lake Hume. The housing market in this area tends to be more affordable compared to the bustling urban centers, making it an attractive option for families and retirees looking for a peaceful lifestyle. Properties in Lake Hume Village often consist of charming single-family homes that offer ample space and the benefit of natural surroundings. Given its relatively lower property prices compared to the city, the area has seen a steady demand from those seeking a more relaxed pace without sacrificing the convenience of nearby amenities in Albury.

Living in Lake Hume Village provides residents with a serene environment enveloped by natural beauty. The village offers a tight-knit community vibe where neighbors often know each other, fostering a sense of belonging and safety. Outdoor enthusiasts find it particularly appealing due to the variety of recreational activities available, such as fishing, boating, and hiking around Lake Hume and the surrounding landscapes. The peaceful environment, combined with the benefits of being close to the larger town of Albury, which provides schools, healthcare, and shopping options, makes Lake Hume Village a desirable place for those looking to enjoy a blend of rural charm and suburban convenience.

Lake Hume Village Real Estate Market Outlook

Thinking about buying in Lake Hume Village? Now could not be a better time, with just 213 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $608,000 with prices in this suburb ranging from $141,000 to $1,546,000. The aproximate distance to the coast is 213 Km.

In Lake Hume Village 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 Lake Hume Village 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 Lake Hume Village provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Lake Hume Village to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Lake Hume Village 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 Lake Hume Village a better buying opportunity than it may have been in the past.

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General Points of Interest

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