All About Larnook, Lismore, NSW, 2480

Larnook, a charming rural locality situated just outside Lismore in New South Wales, offers a unique housing market characterized by spacious properties and tranquil landscapes. The housing market in Larnook primarily consists of acreage properties, small farms, and some modest residential homes, appealing largely to those seeking a peaceful lifestyle away from the hustle and bustle of urban centers. In recent years, there has been a noticeable demand for these types of properties as more people look to embrace nature and sustainability. As a result, prices have seen a steady increase, making it a competitive market for buyers interested in making a long-term investment or securing a serene retreat.

Living in Larnook provides a laid-back lifestyle, with the region known for its lush greenery, rolling hills, and close-knit community vibe. Residents enjoy a slower pace of life, with plenty of opportunities for outdoor activities like hiking, bird-watching, and farming. The community is diverse and welcoming, often engaging in local events and markets that celebrate the area’s rich natural resources and relaxed rural culture. Despite its rural setting, Larnook is conveniently located within easy driving distance of Lismore, where residents can access a wider range of amenities, services, and cultural activities, striking a balance between solitude and connectivity.

Larnook Real Estate Market Outlook

Thinking about buying in Larnook? Now could not be a better time, with just 291 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $659,000 with prices in this suburb ranging from $104,000 to $6,791,000. The aproximate distance to the coast is 40 Km.

In Larnook 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 Larnook 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 Larnook 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 Larnook 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 Larnook 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 Larnook a better buying opportunity than it may have been in the past.

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