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Garema
NSW, 2871 - Forbes

Thinking about buying in Garema? Now could not be a better time, with just 57 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $856,000 with prices in this suburb ranging from $289,000 to $1,635,000. The aproximate distance to the coast is 276 Km.

Household Makeup

Median Weekly Rent $
Median Monthly Mortgage $
Median Persons Per Bedroom
Average Household Size
Average Age
Average Income $
Average Cars Per Dwelling
Average Properties Within 50M

Housing Stock

Average Property Prices

Garema Real Estate Market Outlook

In Garema 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 Garema 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 Garema 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. With very low industrial sector presence in Garema 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.


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Garema there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Garema weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.115.533.623.082.63.627.2
Feb2.715.030.232.086.43.523.1
Mar2.712.326.938.190.93.118.4
Apr1.37.322.342.794.72.614.9
May1.23.017.450.696.62.511.1
Jun2.02.113.961.597.42.59.1
Jul1.90.613.261.398.72.49.4
Aug1.30.514.552.698.12.612.4
Sept1.62.318.344.996.22.917.4
Oct1.45.723.136.794.43.122.3
Nov2.89.627.230.691.73.125.0
Dec2.212.730.424.585.13.427.9

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

28-06-2024 $2,570,582 628 PINNACLE RD
31-05-2024 $1,927,596 559 PINNACLE RD
05-04-2024 $830,000 2496 WIRRINYA RD
28-03-2024 $3,300,000 370 PINNACLE DRIFTWAY RD
31-01-2024 $2,600,000 2125 WIRRINYA RD
03-08-2022 $3,000,000 71 DAVIES RD
10-03-2022 $270,000 1126 PINNACLE RD
08-02-2022 $895,000 73 QUIRKS DRABSCH RD
15-09-2020 $220,000 824 THURUNGLE RD
01-07-2020 $480,000 329 BACK CREEK RD
07-03-2019 $450,000 87 BACK CREEK RD
29-06-2018 $1,230,000 71 DAVIES RD
23-03-2018 $90,000 11 BILBA ST
29-06-2017 $500,000 2125 WIRRINYA RD
29-06-2017 $592,500 1038 BALLENDENE RD
02-02-2017 $1,500,000 472 SIMPSONS RD
25-10-2016 $160,000 1522 BALLENDENE RD
19-09-2016 $95,000 1817 WIRRINYA RD
20-04-2016 $740,000 628 PINNACLE RD
25-09-2015 $40,000 9 BILBA ST
20-05-2015 $430,000 1460 PINNACLE DRIFTWAY RD
18-03-2015 $115,000 1126 PINNACLE RD
01-12-2013 $11,544,600 771 MCPHIES RD
14-11-2013 $150,000 1202 PINNACLE RD
28-06-2012 $777,750 2125 WIRRINYA RD
28-05-2012 $800,000 71 DAVIES RD
25-05-2011 $375,000 2496 WIRRINYA RD

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