This property is Off Market
With an average age of 44, households expect an average monthly mortgage payment of $2,200 or a weekly rent payment of $200. The average family earns a weekly income of $2,333 with a typical household size of 2.9 and a 94.52% employment rate.
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 North Tumbulgum due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in North Tumbulgum leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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 North Tumbulgum 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.
(Country of Birth not stated 8%)
Terranora - North Tumblegum 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
34 / 100
31 / 100
Industry
05 / 100
22 / 100
Population
05 / 100
19 / 100
House Prices
70 / 100
60 / 100
Jobs
13 / 100
29 / 100
Incidents Trend State Average
Murwillumbah East Public School
Murwillumbah, NSW, 2484 State K-6
Currumbin Valley State School
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Dungay Public School
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Bilambil Public School
Bilambil, NSW, 2486 State K-6
Tumbulgum Public School
Tumbulgum, NSW, 2490 State K-6
Carool Public School
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Mount St Patrick College
Murwillumbah, NSW, 2484 Independent 7-12
Condong Public School
Condong, NSW, 2484 State K-6
Mount St Patrick Primary School
Murwillumbah, NSW, 2484 Independent K-6
Terranora Public School
Terranora, NSW, 2486 State K-6
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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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