All About Mount Lewis, Canterbury-Bankstown, NSW, 2190

Mount Lewis, located within the Canterbury-Bankstown region of New South Wales, presents a unique housing market characterized by a blend of traditional charm and modern convenience. The suburb is primarily residential, with a range of housing options including classic post-war bungalows, contemporary townhouses, and some modern apartment developments. Over the years, the area has experienced consistent demand due to its strategic location and appealing suburban atmosphere. Many families and young professionals are attracted to Mount Lewis for its relative affordability compared to the more central Sydney suburbs, as well as its community-oriented feel. The steady growth in the housing market here reflects both the appeal of its location and the infrastructural investments that have enhanced its connectivity and amenities.

Living in Mount Lewis offers residents a balanced lifestyle, with access to essential services and recreational facilities. The suburb is characterized by its green spaces and parks, providing ample opportunities for outdoor activities and fostering a close-knit community ambiance. The local schools, public transport options, and shopping areas contribute to its appeal among families looking for convenience and quality of life. Additionally, the cultural diversity in the Canterbury-Bankstown region enriches community life, offering a variety of cultural events, dining options, and social experiences. Overall, Mount Lewis is seen as a family-friendly suburb that provides a quiet retreat from the hustle and bustle of city life while still offering easy access to the broader Sydney area.

Mount Lewis Real Estate Market Outlook

Thinking about buying in Mount Lewis? Now could not be a better time, with just 409 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,481,000 with prices in this suburb ranging from $1,103,000 to $5,674,000. The aproximate distance to the coast is 10 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Mount Lewis 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 Mount Lewis provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Mount Lewis to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

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General Points of Interest

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