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Backmede
NSW, 2470 - Richmond Valley

Thinking about buying in Backmede? Now could not be a better time, with just 64 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,366,000 with prices in this suburb ranging from $400,000 to $3,857,000. The aproximate distance to the coast is 48 Km.

Household Makeup

Median Weekly Rent $350.00
Median Monthly Mortgage $1840.00
Median Persons Per Bedroom 0.80
Average Household Size 3.00
Average Age 45.00
Average Income $701.00
Average Cars Per Dwelling 2.55
Average Properties Within 50M 1

Housing Stock

Average Property Prices

2 Bed  $1,293,000
3 Bed  $935,000
4 Bed  $1,430,000

Backmede Real Estate Market Outlook

In Backmede 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 Backmede 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 Backmede 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 Backmede 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.

Houses for sale Backmede

Ray White 75 backmede rd, backmede, nsw, 2470 Beds3 Bathrooms1 Parking 2 1500000
Ray White 655 reynolds rd, backmede, nsw, 2470 Beds4 Bathrooms2 Parking 4 2000000

Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Backmede there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Backmede weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan7.421.028.858.989.84.923.0
Feb8.421.128.959.091.34.721.0
Mar7.920.328.159.992.64.217.7
Apr5.917.025.855.591.73.816.5
May3.213.423.451.892.43.413.5
Jun4.111.621.254.592.43.512.0
Jul1.610.021.147.492.43.412.9
Aug1.310.422.642.792.23.615.9
Sept112.924.246.090.44.319.6
Oct4.015.925.25490.04.621.9
Nov2.118.527.154.989.64.925.2
Dec6.420.128.25890.54.724.5

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

07-11-2023 $850,000 475 REYNOLDS RD
07-07-2023 $1,075,000 240 BACKMEDE RD
25-07-2022 $635,000 625 REYNOLDS RD
03-06-2022 $940,000 228 BACKMEDE RD
15-12-2020 $270,000 63 JUNORS RD
04-12-2020 $1,850,000 495 REYNOLDS RD
26-11-2020 $730,000 65 BACKMEDE RD
27-03-2020 $925,000 75 BACKMEDE RD
31-01-2020 $810,000 495 BACKMEDE RD
04-11-2019 $585,000 665 REYNOLDS RD
11-02-2019 $730,000 70 BACKMEDE RD
25-09-2018 $520,000 15 BACKMEDE RD
23-07-2018 $455,000 30 BACKMEDE RD
19-12-2017 $192,500 45 SAVILLES RD
14-07-2017 $440,000 695 REYNOLDS RD
21-10-2016 $465,000 537 BACKMEDE RD
27-09-2016 $660,000 655 REYNOLDS RD
15-07-2016 $378,000 30 BACKMEDE RD
08-02-2016 $635,500 595 REYNOLDS RD
22-04-2014 $355,000 50 BACKMEDE RD
24-10-2013 $465,000 605 REYNOLDS RD
17-05-2013 $340,000 50 BACKMEDE RD
01-03-2013 $300,000 145 REYNOLDS LANE
14-01-2011 $472,000 240 BACKMEDE RD
26-08-2009 $835,000 75 BACKMEDE RD
19-01-2009 $420,000 50 BACKMEDE RD
14-12-2007 $520,000 70 BACKMEDE RD
03-06-2005 $257,000 30 BACKMEDE RD
13-04-2005 $270,000 5 SAVILLES RD
13-12-2004 $345,000 50 BACKMEDE RD

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Fairy HillNorth CasinoBentleyStrathedenCedar PointBoorabee ParkNaughtons GapDobies BightEdenvilleCasino

Public Transport


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