All About Dorroughby, Lismore , NSW 2480

Dorroughby Real Estate Market Outlook

Thinking about buying in Dorroughby? Now could not be a better time, with just 96 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $3,042,000 with prices in this suburb ranging from $15,000 to $30,365,000. The approximate distance to the coast is 19 Km.

In Dorroughby 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 Dorroughby 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. A mix of professions and above average income earners in Dorroughby 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 Dorroughby necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Dorroughby 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 Dorroughby a better buying opportunity than it may have been in the past.

Instant Property Valuation

Dorroughby, nestled in the picturesque region of Lismore in New South Wales, offers a unique and serene living experience. The housing market in Dorroughby is characterized by its blend of charming rural homes and spacious properties, which appeal to those looking for a peaceful lifestyle away from the hustle and bustle of urban centers. Properties often feature expansive plots of land, providing residents with ample room for gardening, hobbies, or simply enjoying the stunning natural landscapes that surround them. The demand for homes in this area has seen a gentle rise, largely driven by people seeking a tranquil rural retreat with easy access to the amenities of nearby towns. Though still affordable compared to coastal hotspots, property prices reflect the growing appeal of this idyllic location.

Living in Dorroughby is synonymous with enjoying a relaxed, community-oriented lifestyle. Residents benefit from the lush, green surroundings and the close-knit atmosphere that small-town living offers. The area is known for its beautiful scenery, including rolling hills and proximity to the Nightcap National Park, making it ideal for outdoor enthusiasts who enjoy bushwalking, picnicking, and exploring nature. Community events and local markets provide opportunities for socializing and supporting local artisans and farmers. With Lismore’s city center just a short drive away, residents have easy access to schools, healthcare, shopping, and cultural activities, combining the best of both rural and urban living.

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