All About Downside, Wagga Wagga, NSW, 2650

Downside, located in the Wagga Wagga region of New South Wales, offers a unique slice of rural Australian life. The housing market here is characterized by wide open spaces, with properties typically comprising larger blocks of land compared to urban areas. This is particularly appealing to buyers seeking tranquility and space, whether for family living, hobby farming, or simply to enjoy the great outdoors. The housing prices in Downside are generally more affordable than those in larger cities, making it an attractive option for first-time home buyers and retirees alike. However, like many regional areas in Australia, the market can be competitive due to limited inventory. Overall, Downside presents a blend of affordability and the opportunity to own a larger property without straying too far from modern amenities.

Living in Downside means embracing a rural lifestyle with a strong sense of community. Residents enjoy a peaceful environment dominated by natural scenery, where agriculture plays a significant role in the local economy. Daily life here is marked by a slower pace, where people often engage in outdoor activities and community events. Despite its rural setting, Downside is conveniently located near Wagga Wagga, which is only a short drive away, providing access to a broader range of shops, schools, and healthcare facilities. This proximity allows residents to enjoy the perks of country living while staying connected to urban conveniences. The friendly and tight-knit community makes Downside an attractive option for those looking to escape the hustle and bustle of city life while maintaining a connection to essential services.

Downside Real Estate Market Outlook

Thinking about buying in Downside? Now could not be a better time, with just 148 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $820,000 with prices in this suburb ranging from $591,000 to $2,752,000. The aproximate distance to the coast is 263 Km.

In Downside 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 Downside 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 Downside provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 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 Downside 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 Downside a better buying opportunity than it may have been in the past.

Instant Property Valuation

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General Points of Interest

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