Thinking about buying in Avalon? Now could not be a better time, with just 177 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,346,000 with prices in this suburb ranging from $932,000 to $2,059,000. Avalon is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Avalon Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Avalon driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Avalon ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Avalon provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Avalon to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

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General Points of Interest

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