All About Mount Saint Thomas, Wollongong, NSW, 2500

Mount Saint Thomas, located in the suburbs of Wollongong, New South Wales, presents a dynamic and evolving housing market. Over recent years, the area has experienced increased interest from buyers seeking affordability while still being conveniently close to the Wollongong CBD and the beautiful Illawarra coastline. The housing market is characterized by a mix of older, well-established homes and newer developments, offering a variety of options for buyers. Prices in Mount Saint Thomas are generally more affordable compared to some of the more premium suburbs closer to the beach, making it an attractive option for first-time buyers and families. Additionally, the suburb's ongoing gentrification has seen an increase in the quality of amenities and infrastructure, contributing to its growing appeal.

Living in Mount Saint Thomas offers a blend of suburban tranquility and urban convenience. The area is well-serviced by public transport, with easy access to local shopping centers, schools, and healthcare facilities. Residents enjoy a multicultural community with a friendly atmosphere, enhancing the neighborhood's charm. The suburb is also home to several parks and recreational areas, providing ample opportunities for outdoor activities and family-friendly fun. Its close proximity to Wollongong's city center ensures that cultural, dining, and entertainment options are just a short drive away. Overall, Mount Saint Thomas combines the benefits of peaceful suburban living with the perks of being near a bustling coastal city, making it an appealing choice for those looking to enjoy the best of both worlds.

Mount Saint Thomas Real Estate Market Outlook

Thinking about buying in Mount Saint Thomas? Now could not be a better time, with 688 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $889,000 with prices in this suburb ranging from $42,000 to $3,170,000. Mount Saint Thomas is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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 Saint Thomas 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 Saint Thomas 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 Mount Saint Thomas necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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