All About Mount Rankin, Bathurst Regional, NSW, 2795

Mount Rankin, located within the Bathurst Regional area of New South Wales, is known for its serene rural atmosphere and picturesque landscapes, making it an attractive location for those seeking a quieter lifestyle. The housing market in Mount Rankin reflects its rural charm, with properties typically offering larger plots of land compared to urban areas. This is appealing to families and retirees looking for more space and tranquility. The market has seen steady interest, especially as more people consider the benefits of living away from bustling city centers while still having access to essential services and amenities in nearby Bathurst. Housing prices are generally more affordable compared to the cities, which adds to its allure for potential homebuyers looking for value for money.

Living in Mount Rankin provides residents with a blend of peaceful country living and convenient access to the facilities of Bathurst, a vibrant regional city. This area is perfect for outdoor enthusiasts, offering opportunities for activities such as hiking, cycling, and gardening, thanks to its expansive natural surroundings. The community is tight-knit, characterized by friendly neighbors and a strong sense of local spirit, making it easy to feel welcomed and part of the area. Essential amenities, including schools, shops, and healthcare, are just a short drive away in Bathurst, ensuring that residents can enjoy the best of both worlds: a rural lifestyle without sacrificing convenience.

Mount Rankin Real Estate Market Outlook

Thinking about buying in Mount Rankin? Now could not be a better time, with just 230 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,112,000 with prices in this suburb ranging from $122,000 to $3,528,000. The aproximate distance to the coast is 156 Km.

In Mount Rankin 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 Mount Rankin 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 Mount Rankin 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. With very low industrial sector presence in Mount Rankin the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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