All About Gilmore, Snowy Valleys , NSW 2720

Gilmore Real Estate Market Outlook

Thinking about buying in Gilmore? Now could not be a better time, with just 133 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $817,000 with prices in this suburb ranging from $307,000 to $1,448,000. The approximate distance to the coast is 179 Km.

In Gilmore 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 Gilmore 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 Gilmore 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 Gilmore 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

Gilmore, located within the Snowy Valleys region of New South Wales, offers a unique and serene lifestyle that appeals to those who appreciate natural beauty and a close-knit community atmosphere. The housing market in Gilmore is characterized by its charm and affordability, with a mix of traditional homes and modern developments that cater to a variety of tastes and budgets. The area has seen steady interest from buyers seeking a quieter, more relaxed lifestyle away from the hustle and bustle of larger cities. Homes here often come with generous land parcels, allowing residents to enjoy spacious gardens and the outdoor lifestyle that the region is known for. The market remains stable, with properties retaining their value, making it an attractive option for both investors and homebuyers.

Living in Gilmore is ideal for those who enjoy the great outdoors and a peaceful rural existence. The community is renowned for its friendly and welcoming nature, with numerous local events and activities that foster a sense of belonging among residents. The proximity to natural attractions, such as the Snowy Mountains and various national parks, provides endless opportunities for recreation, including hiking, fishing, and skiing during the winter months. Daily life in Gilmore tends to be laid-back and unhurried, with essential amenities within easy reach, yet the town maintains a sense of charm and simplicity. For families, retirees, or anyone seeking tranquility without being too far removed from the conveniences of modern living, Gilmore presents a compelling place to call home.

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