All About Modanville, Lismore, NSW, 2480

Modanville, located in the picturesque region of Lismore, NSW, offers a unique glimpse into the real estate landscape of the Northern Rivers. This serene rural area is becoming increasingly attractive to homebuyers seeking a blend of country living with modern conveniences. The housing market in Modanville features a mix of charming older homes and newer constructions, often set on generously sized plots that provide ample space and privacy. In recent years, the area has experienced steady growth, with property prices reflecting the rising demand for peaceful living environments away from the hustle and bustle of cities. The market is characterized by a competitive yet accessible price range, making it appealing for both families and retirees looking for their ideal home in the countryside.

Living in Modanville is like having a daily retreat into nature, with lush landscapes, rolling hills, and local creeks painting a serene backdrop. The close-knit community is welcoming and friendly, embodying the true spirit of rural Australia where neighbors support each other and community events are a staple of social life. Residents enjoy a slower pace of life, with opportunities for hiking, farming, or simply enjoying the tranquility that surrounds them. Despite its rural setting, Modanville is conveniently located just a short drive from the bustling town of Lismore, which provides access to essential services, shopping, schools, and medical facilities. This blend of quiet country life and easy accessibility to urban amenities makes Modanville a highly desirable place to live.

Modanville Real Estate Market Outlook

Thinking about buying in Modanville? Now could not be a better time, with just 289 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,620,000 with prices in this suburb ranging from $236,000 to $7,139,000. The aproximate distance to the coast is 27 Km.

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

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General Points of Interest

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