Thinking about buying in Longreach? Now could not be a better time, with just 37 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,461,000 with prices in this suburb ranging from $1,248,000 to $4,254,000. The aproximate distance to the coast is 14 Km.

Longreach Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Longreach 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 Longreach 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 Longreach 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.

Properties for sale Longreach

75 WOGAMIA RD, LONGREACH, NSW, 2540

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Auction

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Recently Sold Properties / House Prices

08-09-2021	$1,950,000	111 BINNABURRA PARK RD
26-06-2019	$945,000	170 LONGREACH RD
15-03-2019	$2,900,000	120 PARINGA RD
09-04-2018	$970,000	15 PARINGA RD
25-05-2017	$785,000	600 LONGREACH RD
19-02-2016	$2,195,000	550 LONGREACH RD
10-09-2015	$1,180,000	75 WOGAMIA RD
14-11-2014	$460,000	510 LONGREACH RD
31-07-2014	$872,500	81 WOGAMIA RD
13-06-2012	$680,000	15 LONGREACH RD
26-03-2010	$1,200,000	111 BINNABURRA PARK RD

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Internet Speed

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Nearby Suburbs

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Public Transport

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General Points of Interest

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