Lemon Tree NSW 2259: Property Market Report & Real Estate Insights

Part of Central Coast (NSW), NSW

Lemon Tree Real Estate Market Outlook

Thinking about buying in Lemon Tree? Now could not be a better time, with just 28 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,843,000 with prices in this suburb ranging from $656,000 to $3,602,000. The approximate distance to the coast is 19 Km.

Living in Lemon Tree

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Lemon Tree are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Lemon Tree 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 Lemon Tree 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

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