All About Balgownie, Wollongong , NSW 2519

Balgownie Real Estate Market Outlook

Thinking about buying in Balgownie? Now could not be a better time, with 2700 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,260,000 with prices in this suburb ranging from $21,000 to $4,517,000. Balgownie is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Balgownie due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Balgownie provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Balgownie necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

Instant Property Valuation

Balgownie, a suburb in Wollongong, NSW, is known for its serene and picturesque setting, nestled at the foothills of the Illawarra Escarpment. The housing market in Balgownie has experienced steady growth over recent years, reflecting a strong demand from both families and individuals seeking a suburban lifestyle with easy access to city amenities. Homes in Balgownie range from charming older houses to contemporary townhouses and modern family homes, offering a variety of options for different buyers. The suburb's village-like atmosphere, coupled with its proximity to Wollongong's city center, makes it an attractive location for property investment. Prices have been on an upward trend, driven by limited supply and the area's desirability, but Balgownie still presents a more affordable option compared to Sydney's real estate market.

Living in Balgownie offers residents a balanced lifestyle with its mix of natural beauty and convenient amenities. The community is well-served by local shops, cafes, and restaurants that contribute to its friendly, small-town feel. Balgownie Public School and other educational institutions nearby provide excellent schooling options, appealing to families. The suburb is also a stone's throw from natural attractions like the Illawarra Escarpment, perfect for hiking and exploring, and is just a short drive from Wollongong's beaches. With regular public transport services, commuting to Wollongong or Sydney is manageable, making Balgownie a practical choice for professionals. The close-knit community and tranquil environment make Balgownie not only a beautiful place to live but also a welcoming and supportive community for all its residents.

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