Thinking about buying in Wongawallan? Now could not be a better time, with 758 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,389,000 with prices in this suburb ranging from $618,000 to $9,863,000. Wongawallan is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Wongawallan Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Wongawallan driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Wongawallan due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Wongawallan classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Wongawallan requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale Wongawallan

	44 solomon lane, wongawallan, qld, 4210	4	3	4	Seeking Offers Above $1,555,000
	3 colin meagher rd, wongawallan, qld, 4210	4	2	5	Contact Agent

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