All About Lagoon Grass, Lismore , NSW 2480

Lagoon Grass Real Estate Market Outlook

Thinking about buying in Lagoon Grass? Now could not be a better time, with just 34 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $948,000 with prices in this suburb ranging from $358,000 to $1,400,000. The approximate distance to the coast is 23 Km.

In Lagoon Grass 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 Lagoon Grass 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 Lagoon Grass 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. Lower than average population density constrains growth in Lagoon Grass to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Lagoon Grass 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 Lagoon Grass a better buying opportunity than it may have been in the past.

Instant Property Valuation

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