842 Terranora Road,
Bungalora NSW 2486

About Terranora - North Tumblegum

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 Bungalora 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 Bungalora 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 Bungalora 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

Broadbeach North Broadbeach South Cavill Avenue Cypress Avenue Florida Gardens Northcliffe Surfers Paradise North Surfers Paradise HOTA, Home of the Arts Surfers Paradise Ferry Terminal

General Points of Interest

South Tweed Indoor Swimming Complex Catch A Crab Tour Piggabeen Sports Complex Coolangatta & Tweed Heads Golf Club Club Banora Golf Club Piggabeen Sports Complex Tweed City Shopping Centre Pioneer Country South Sea Islander Memorial Southern Cross University Recreation Centre

Population

(Country of Birth not stated 8%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Banora Pt HS Terranora PS

• Duranbah Public School

  Duranbah, NSW, 2487 State K-6

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• Lindisfarne Anglican Grammar School

  Terranora, NSW, 2486 Independent K-12

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• Terranora Public School

  Terranora, NSW, 2486 State K-6

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Property Story

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