All About Maxwell, Wagga Wagga, NSW, 2650

Maxwell Real Estate Market Outlook

Thinking about buying in Maxwell? Now could not be a better time, with just 70 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,237,000 with prices in this suburb ranging from $590,000 to $4,533,000. The aproximate distance to the coast is 260 Km.

In Maxwell 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 Maxwell 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 Maxwell provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Maxwell 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 Maxwell a better buying opportunity than it may have been in the past.

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