5 Edney Lane, Spring Hill NSW 2500
This property is Off Market
- Last sold 9/29/2023 for $14,319,508. The Average property price in this area is $986,639, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 2.44 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/20/2017 2 DRUMMOND ST $4,550,000
- 5/25/2016 12 FIVE ISLANDS RD $660,000
- 1/21/2016 2 EDNEY LANE $170,000
About Wollongong - West
With an average age of 41, households expect an average monthly mortgage payment of $2,000 or a weekly rent payment of $194. The average family earns a weekly income of $1,946 with a typical household size of 2.4 and a 92.35% employment rate.
In Spring Hill 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. 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 Spring Hill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Spring Hill provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 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 Spring Hill 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 Spring Hill a better buying opportunity than it may have been in the past.
Public Transport
Blayney
General Points of Interest
Huntley Berry Farm
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 2046 asthma sufferers and 648 people living with diabetes. In addition, 758 people have a heart/vascular condition and 1407 people live with three or more chronic diseases.A good place to invest in property?
Wollongong - West a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
29 / 100
31 / 100
Industry
24 / 100
22 / 100
Population
25 / 100
19 / 100
House Prices
55 / 100
60 / 100
Jobs
29 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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Figtree High School
Figtree, NSW, 2525 State 7-12
Property Story
5 Edney Lane, Spring Hill, Nsw, 2500 is a residential property . The estimated distance to the sea is 2.44km and 0.14KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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