All About Dungog, NSW 2420

Dungog Real Estate Market Outlook

Thinking about buying in Dungog? Now could not be a better time, with 1624 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $594,000 with prices in this suburb ranging from $32,000 to $2,380,000. The approximate distance to the coast is 32 Km.

In Dungog 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 Dungog 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. The slightly lower than average earnings from occupations in Dungog changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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 Dungog 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.

Instant Property Valuation

Far removed as this charming rural town’s character may be from the urban lifestyle, the geographical separation is much smaller; The town is located only a few dozen miles from the M1 and just a few hours’ drive from Sydney. With a median property price of $440,000 AUD, compared to a much larger figure of $872,000 AUD across New South Wales, Dungog is a charismatic and inexpensive place to live in serenity without the vast swathes of land that usually separate such quiet places from the conveniences provided by more urban areas.

Situated along the Williams River, Dungog is a beautiful country town with a remarkably rich history. First officially designated under its current name in 1838, it was the product of a number of small settlements, the largest of which was originally known as Upper William. The town’s name is derived from the dialect of the Gringai clan, the aboriginal people who historically inhabited the surrounding region. While this language has fallen into disuse and obscurity, it has been speculated that the name translates roughly to ‘clear hills’ – certainly an apt description, as Dungog does indeed sit nestled amongst rolling hills. With a population of just over 2000 people as of 2016, Dungog’s primary industries are dairy and timber.

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