Larras Lee NSW 2866: Property Market Report & Real Estate Insights
Part of Cabonne, NSW
Property Market
| Median Weekly Rent | $200.00 |
| Median Monthly Mortgage | $2000.00 |
| Median Persons Per Bedroom | 0.90 |
| Average Household Size | 3.00 |
| Average Age | 40.00 |
| Average Income | $1025.00 |
| Average Cars Per Dwelling | 3.03 |
| Average Properties Within 50M | 1 |
Typical House Prices
Typical Homes & Property Types
Average Internet Speeds in Larras Lee
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Larras Lee Real Estate Market Outlook
Thinking about buying in Larras Lee? Now could not be a better time, with just 35 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,495,000 with prices in this suburb ranging from $885,000 to $3,213,000. The approximate distance to the coast is 219 Km.
Living in Larras Lee
In Larras Lee 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Larras Lee due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Larras Lee 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 Larras Lee 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 Larras Lee a better buying opportunity than it may have been in the past.
Instant Property ValuationRecently Sold Properties
| Settlement Date | Sale Price | Property Address | Details |
|---|---|---|---|
| 2023-07-03 | $3,300,000 | 113 Three Rivers Road | Larras Lee, NSW |
| 2023-04-04 | $85,083 | 4649 Mitchell Hwy | Larras Lee, NSW |
| 2023-02-20 | $4,125,000 | 244 Crocketts Lane | Larras Lee, NSW |
| 2022-12-05 | $3,200,000 | 5796 Mitchell Hwy | Larras Lee, NSW |
| 2021-04-16 | $667,868 | 233 Crocketts Lane | Larras Lee, NSW |
| 2021-04-16 | $955,500 | 5619 Mitchell Hwy | Larras Lee, NSW |
| 2017-01-27 | $1,060,000 | 453 Larras Lee Road | Larras Lee, NSW |
| 2016-04-15 | $305,625 | 36 Three Rivers Road | Larras Lee, NSW |
| 2015-12-18 | $400,000 | 113 Three Rivers Road | Larras Lee, NSW |
| 2015-12-17 | $1,850,000 | 244 Crocketts Lane | Larras Lee, NSW |
| 2015-10-13 | $1,720,000 | 445 The Gap Road | Larras Lee, NSW |
| 2014-11-10 | $975,000 | 326 Crocketts Lane | Larras Lee, NSW |
| 2014-02-11 | $168,000 | 36 Three Rivers Road | Larras Lee, NSW |
| 2013-05-07 | $84,000 | 36 Three Rivers Road | Larras Lee, NSW |
| 2009-09-25 | $845,020 | 456 The Gap Road | Larras Lee, NSW |
| 2008-10-01 | $353,000 | 534 Larras Lee Road | Larras Lee, NSW |
| 2008-09-23 | $300,000 | 51 Larras Lee Road | Larras Lee, NSW |
| 2006-10-19 | $1,500,000 | 309 Crocketts Lane | Larras Lee, NSW |
Local Schools
No local schools recorded within the suburb boundary.
Is Larras Lee a safe suburb?
Incidents Trend State Average
Public Transport
Stuart Town - Greater then 10KM
Local Attractions & Points of Interest in Larras Lee
William Lee Memorial - Less than 5 KM
Balmain East 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 | |
|---|---|---|---|---|---|---|---|
| Jan | 2.1 | 13.1 | 27.9 | 39.6 | 93.9 | 1.6 | 22.0 |
| Feb | 4.7 | 11.9 | 24.2 | 47.0 | 95 | 1.8 | 18.7 |
| Mar | 3.5 | 10.1 | 22 | 50.7 | 95.7 | 1.6 | 15.4 |
| Apr | 0.9 | 5.5 | 19.8 | 45 | 96.0 | 1.4 | 14.0 |
| May | 1.2 | 1.4 | 14.8 | 50.0 | 95.9 | 1.4 | 10.6 |
| Jun | 1.4 | 0.9 | 11.6 | 58.9 | 96.2 | 1.4 | 8.6 |
| Jul | 1.5 | -0.4 | 11.8 | 51.0 | 93.8 | 1.7 | 10.1 |
| Aug | 2.2 | -0.4 | 12.4 | 45.3 | 93.6 | 1.9 | 12.4 |
| Sept | 1.9 | 2 | 16.5 | 40.6 | 94.3 | 1.8 | 16.4 |
| Oct | 1.8 | 5.8 | 20.1 | 41.4 | 94.5 | 1.6 | 19.0 |
| Nov | 2.7 | 7.7 | 23.3 | 34.7 | 92.3 | 2.0 | 23 |
| Dec | 2.3 | 10.6 | 25.7 | 36.7 | 91.3 | 1.9 | 23.5 |
source: Australian Government Bureau of Meteorology
Nearby Suburbs
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