All About Colo Vale, Wingecarribee , NSW 2575

Colo Vale Real Estate Market Outlook

Thinking about buying in Colo Vale? Now could not be a better time, with 901 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,118,000 with prices in this suburb ranging from $80,000 to $4,603,000. The aproximate distance to the coast is 34 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Colo Vale 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 Colo Vale 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 Colo Vale 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.

Instant Property Valuation

Colo Vale, a village in the Southern Highlands of New South Wales, is a rural village found around 100km west of Sydney. With a population of just over 1,600, it is moderately sized, large enough to be well-furnished with educational and commercial facilities but not so large as to detract from the tranquil atmosphere provided by its wooded countryside locale. The village begin to develop in the 1860s, growing around a station on the Main Southern Railway. The growth was driven by the fertile soil found in the area due to decomposing volcanic rock, and indeed the word ‘Colo’ found in the name of the place is believed to be a word in the language of the indigenous aboriginal people for a volcanic hill.

The small population and the verdant landscapes that surround Colo Vale make for a tranquil, rural way of life, with much of the work in the town centred around agriculture. Within the village there is a school, along with good facilities for sports and recreation, along with a large plant nursery for native plants and a train station. Despite being a rural town, Colo Vale is only 5km from the Hume Highway, providing an excellent connection to Sydney by road, making it a relaxed but not inconveniently remote place to own property.

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