589 Parma Road, Parma NSW 2540
This property is Off Market
- Last sold 8/18/2022 for $3,550,000. The Average property price in this area is $1,103,771, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 12.29 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 1/23/2024 122 PARMA RD $1,470,000
- 7/25/2023 133 PARMA RD $2,100,000
- 7/31/2020 259 PARMA RD $1,200,000
- 1/24/2020 268 PARMA RD $2,200,000
- 10/4/2019 430 PARMA RD $1,435,000
About Tomerong - Wandandian - Woollamia
With an average age of 50, households expect an average monthly mortgage payment of $2,184 or a weekly rent payment of $300. The average family earns a weekly income of $2,078 with a typical household size of 2.8 and a 96.49% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Parma 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 Parma 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 Parma 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.
Public Transport
Gerringong
The Husky Ferry Pickup/Dropoff
General Points of Interest
South Coast Correctional Centre
Ron Brown Oval
Population
(Country of Birth not stated 6%)
Are people healthy?
There are a recorded 403 asthma sufferers and 181 people living with diabetes. In addition, 230 people have a heart/vascular condition and 421 people live with three or more chronic diseases.A good place to invest in property?
Tomerong - Wandandian - Woollamia 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
21 / 100
31 / 100
Industry
05 / 100
22 / 100
Population
08 / 100
19 / 100
House Prices
58 / 100
60 / 100
Jobs
14 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsVincentia HS Falls Ck PS
Property Story
589 Parma Road, Parma, Nsw, 2540 is a residential property with 4 bedrooms, 3 bathrooms and 4 Parking spaces. The estimated value of this home is $3,745,000. The estimated distance to the sea is 12.29km and at least 2.2KM 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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