All About Lunawanna, Kingborough, TAS, 7150

Lunawanna, a quaint and picturesque locality in Kingborough, Tasmania, offers a unique blend of serene living and natural beauty, making it an attractive spot in the housing market. Situated on Bruny Island, this small community is known for its stunning landscapes, featuring lush greenery, rolling hills, and pristine beaches. The housing market in Lunawanna reflects the area's charm, often characterized by a range of properties from cozy, rustic homes to more modern and spacious dwellings. While it might not be as bustling as larger towns, Lunawanna's real estate market appeals to those seeking tranquility and a connection with nature. Recent trends have shown that properties here are gaining interest, especially among buyers looking for vacation homes or a peaceful retreat, facilitating a steady demand in this niche market.

Living in Lunawanna offers residents a peaceful lifestyle steeped in natural splendor and a strong sense of community. Despite its relatively remote location, the locality provides a variety of outdoor recreational opportunities, including hiking, fishing, and exploring local wildlife. The community itself is tight-knit, with a friendly atmosphere that fosters neighborly interactions and communal activities. Essential amenities might require a short drive or ferry ride to access, as Bruny Island maintains its rustic and unspoiled charm. However, for those who embrace the slower pace of life and the opportunity to become part of a close community, Lunawanna is an ideal place to call home. Its tranquil environment, coupled with the opportunity to disconnect from the hustle and bustle of city life, makes it a perfect choice for individuals and families seeking a harmonious balance with nature.

Lunawanna Real Estate Market Outlook

Thinking about buying in Lunawanna? Now could not be a better time, with just 257 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $462,000 with prices in this suburb ranging from $48,000 to $1,783,000. Lunawanna is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

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. Low average incomes in Lunawanna 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. The slightly lower than average earnings from occupations in Lunawanna changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Lunawanna 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 Lunawanna 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 Lunawanna a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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