Burrill Lake NSW 2539: Property Market Report & Real Estate Insights

Part of Shoalhaven, NSW

Burrill Lake Real Estate Market Outlook

Thinking about buying in Burrill Lake? Now could not be a better time, with 1371 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $813,000 with prices in this suburb ranging from $119,000 to $2,879,000. Burrill Lake 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

Living in Burrill Lake

In Burrill Lake 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 Burrill Lake 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 Burrill Lake 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. Lower than average industry presence in Burrill Lake we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Burrill Lake a better buying opportunity than it may have been in the past.

Instant Property Valuation

Burrill Lake, a charming coastal locality in the Shoalhaven region of New South Wales, showcases a dynamic housing market that reflects the area's appeal as both a holiday destination and a serene residential community. As of recent years, the housing market in Burrill Lake has exhibited steady growth, driven by its idyllic location combined with a strong demand for coastal properties. The area offers a mix of housing options, from modern waterfront homes with stunning views to more traditional beachside cottages, appealing to a diverse group of buyers ranging from retirees seeking a peaceful retreat to families looking for a vibrant community setting. The increasing popularity of Burrill Lake as a weekend getaway has also fueled interest in rental and investment properties, contributing to the steady rise in property values.

Living in Burrill Lake embodies the quintessential coastal lifestyle, where residents enjoy a harmonious blend of natural beauty and relaxed community living. The lake itself, along with its surrounding beaches, provides ample opportunities for outdoor activities such as fishing, boating, swimming, and kayaking, ensuring that the area is ideal for those who relish an active lifestyle. The local community is tight-knit and welcoming, offering a friendly atmosphere with a range of local events and markets that foster community spirit. Additionally, Burrill Lake’s proximity to the vibrant town of Ulladulla means that residents can easily access a variety of amenities, including shopping centers, cafes, and restaurants, without losing the tranquility that makes this area special. Overall, Burrill Lake presents an inviting combination of natural allure and comfortable living, making it a desirable place to call home.

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