This property is Off Market
With an average age of 46, households expect an average monthly mortgage payment of $1,900 or a weekly rent payment of $300. The average family earns a weekly income of $1,807 with a typical household size of 2.5 and a 99.08% employment rate.
In South Gundurimba 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 South Gundurimba 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 South Gundurimba 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 South Gundurimba 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 South Gundurimba 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 South Gundurimba a better buying opportunity than it may have been in the past.
(Country of Birth not stated 9%)
Lismore 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
16 / 100
31 / 100
Industry
18 / 100
22 / 100
Population
28 / 100
19 / 100
House Prices
54 / 100
60 / 100
Jobs
26 / 100
29 / 100
Incidents Trend State Average
Caniaba Public School
Lismore, NSW, 2480 State K-6
Albert Park Public School
East Lismore, NSW, 2480 State K-6
Wilson Park School
Lismore, NSW, 2480 State U
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134 Acme Avenue Street, Town, State
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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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