All About Calderwood, Shellharbour, NSW, 2527

Calderwood, a burgeoning suburb in Shellharbour, NSW, has been experiencing a dynamic shift in its housing market, reflective of its growing appeal as a desirable place to live. The suburb forms part of the greater Illawarra region, an area characterized by its natural beauty and proximity to both the coast and the Southern Highlands. In recent years, Calderwood has seen a significant increase in housing development, particularly with modern estates designed to accommodate families and young professionals. This surge in new homes offers a blend of contemporary living with a rural touch, as many properties boast views of the lush surrounding landscapes. Real estate prices in Calderwood have been moderately rising, keeping pace with its growing reputation as a community-focused suburb with easy access to amenities, including schools, parks, and shopping centers. As more people discover the potential of this evolving area, demand has contributed to a competitive market, making it ever-important for prospective buyers to act swiftly and decisively.

Living in Calderwood offers residents a balanced lifestyle, combining the tranquility of suburban living with the conveniences typical of urban areas. The community is tight-knit, with numerous social events and community projects that foster a strong sense of belonging among its residents. The nearby Calderwood Valley offers ample opportunities for outdoor activities such as hiking, cycling, and picnicking, appealing to those who appreciate nature and an active lifestyle. Moreover, the planned infrastructure improvements, including new schools and transport links, promise to enhance the living standards further, making it easier for families and individuals to commute or perhaps even work locally. Proximity to the larger Shellharbour city provides access to a wider range of facilities and attractions, including the beautiful Shellharbour beaches and the bustling Wollongong city center, just a short drive away. Overall, Calderwood represents the ideal setting for those seeking a peaceful yet active and connected lifestyle, amidst the charm and opportunity of the Illawarra region.

Calderwood Real Estate Market Outlook

Thinking about buying in Calderwood? Now could not be a better time, with 1765 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,080,000 with prices in this suburb ranging from $60,000 to $46,356,000. Calderwood is located fairly close to the coast at just 8Km 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 Calderwood 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 Calderwood 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 Calderwood to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Calderwood 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 Calderwood a better buying opportunity than it may have been in the past.

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