All About Mondrook, Mid-Coast, NSW, 2430

Mondrook Real Estate Market Outlook

Thinking about buying in Mondrook? Now could not be a better time, with just 80 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,171,000 with prices in this suburb ranging from $244,000 to $3,523,000. The aproximate distance to the coast is 15 Km.

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

Instant Property Valuation

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General Points of Interest

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