2464 The Lakes Way , Bungwahl NSW 2423
This property is Off Market
- Last sold 10/16/2024 for $400,000. The Average property price in this area is $948,676, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 7.41 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
- 7/2/2024 2807 THE LAKES WAY $320,000
- 5/9/2024 2552 THE LAKES WAY $700,000
- 11/13/2023 2632 THE LAKES WAY $465,000
- 10/27/2023 23 RACECOURSE RD $1,540,000
- 7/10/2023 62 TOPI RD $1,390,000
About Forster-Tuncurry Region
With an average age of 53, households expect an average monthly mortgage payment of $1,014 or a weekly rent payment of $300. The average family earns a weekly income of $1,458 with a typical household size of 2.1 and a 93.65% employment rate.
In Bungwahl 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 Bungwahl 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. Low average earnings from people in Bungwahl 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 Bungwahl 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.
Population
(Country of Birth not stated 16%)
Are people healthy?
There are a recorded 841 asthma sufferers and 498 people living with diabetes. In addition, 507 people have a heart/vascular condition and 734 people live with three or more chronic diseases.A good place to invest in property?
Forster-Tuncurry Region 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
05 / 100
31 / 100
Industry
05 / 100
22 / 100
Population
07 / 100
19 / 100
House Prices
46 / 100
60 / 100
Jobs
13 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsBungwahl PS GLC Forster GLC Snr C
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Bungwahl Public School
Bungwahl, NSW, 2423 State K-6 -
Great Lakes College Forster Campus
Forster, NSW, 2428 State 7-10 -
St Joseph's Primary School
Bulahdelah, NSW, 2423 Independent K-6 -
Pacific Palms Public School
Boomerang Beach, NSW, 2428 State K-6 -
Forster Public School
Forster, NSW, 2428 State K-6
Property Story
2464 The Lakes Way , Bungwahl, Nsw, 2423 is a residential property . The estimated distance to the sea is 7.41km and 0.06KM 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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