Thinking about buying in Lewisham? Now could not be a better time, with 3150 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,442,000 with prices in this suburb ranging from $174,000 to $6,837,000. Lewisham is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Lewisham Real Estate Market Outlook

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 Lewisham 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 Lewisham 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 Lewisham 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.

Units for sale Lewisham

	4 john st, lewisham, tas, 7173	3	1	2	Offers over $670,000
	148 lewisham scenic dr, lewisham, tas, 7173	2	1	2	Under Offer

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General Points of Interest

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