All About Nome, Townsville, QLD, 4816

Nome, a suburb in Townsville, QLD, offers a unique blend of rural charm and suburban convenience, making it an intriguing option for homebuyers interested in the area. The housing market in Nome tends to be characterized by larger properties, often providing more land than one would typically find in more urban settings. This can be particularly appealing for those looking for space to pursue hobbies such as gardening or those interested in animal husbandry. The market generally sees a steady demand, driven by people attracted to the quiet, spacious environment and the affordability that Nome offers compared to the more central suburbs of Townsville.

Living in Nome is ideal for those who enjoy a peaceful countryside lifestyle with the added benefit of proximity to the amenities of Townsville. Residents can enjoy a range of outdoor activities, given the natural beauty of the area, including nearby national parks and the picturesque landscapes that make daily life pleasantly scenic. Community life is often marked by a sense of camaraderie among neighbors, as the smaller population fosters tight-knit relationships. While Nome does offer seclusion, it's well-connected by road, making it easy for residents to commute to Townsville for work, shopping, and entertainment, providing a balanced lifestyle between rural tranquility and urban convenience.

Nome Real Estate Market Outlook

Thinking about buying in Nome? Now could not be a better time, with 861 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $503,000 with prices in this suburb ranging from $93,000 to $2,371,000. Nome is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Nome due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Nome 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. Medium density in Nome 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 Nome 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 Nome a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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