All About Harefield, Wagga Wagga, NSW, 2650

Harefield, a suburb within the vibrant regional city of Wagga Wagga in New South Wales, presents an interesting landscape for potential homeowners. The housing market in Harefield is characterized by its affordability compared to major metropolitan areas, offering a range of properties from spacious family homes to more modest dwellings. The area appeals to both first-time buyers and investors, with properties often offering larger plots of land, which is particularly advantageous for gardening enthusiasts or those seeking a bit more outdoor space. In recent years, the suburb has seen steady interest, driven by regional growth and an increasing desire for a lifestyle change from the city bustle to more serene settings.

Living in Harefield provides a unique blend of rural tranquility and access to urban conveniences, attributed to its proximity to the heart of Wagga Wagga. Residents enjoy a peaceful, community-oriented lifestyle where local amenities, good schooling options, and recreational activities are easily accessible. The suburb offers a scenic outlook with an abundance of natural beauty, encouraging outdoor activities such as hiking and cycling. Community events and local markets are popular, fostering a friendly and tight-knit community spirit. For those who work in Wagga Wagga, the commute is manageable, allowing for a perfect balance between work commitments and enjoying the slower pace of life that Harefield provides.

Harefield Real Estate Market Outlook

Thinking about buying in Harefield? Now could not be a better time, with just 103 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,092,000 with prices in this suburb ranging from $354,000 to $3,686,000. The aproximate distance to the coast is 243 Km.

In Harefield 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 Harefield 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 Harefield 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 Harefield 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 Harefield a better buying opportunity than it may have been in the past.

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