All About Matraville, Randwick , NSW 2036

Matraville Real Estate Market Outlook

Thinking about buying in Matraville? Now could not be a better time, with 5599 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $5,726,000 with prices in this suburb ranging from $157,000 to $342,875,000. Matraville is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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 Matraville are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Matraville classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Matraville requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Matraville, located in the Randwick City Council area of New South Wales, is a suburb that reflects a dynamic housing market nestled within Sydney’s eastern suburbs. Over the years, the housing market in Matraville has seen considerable growth in property values, driven by its appealing proximity to both coastal and urban amenities. The area primarily features standalone houses, along with a mix of townhouses and newly developed apartment complexes, providing a variety of options for potential homeowners and investors. With its strategic location near beaches such as Maroubra and the Botany Bay shores, combined with its accessibility to Sydney's CBD via an efficient public transport network, Matraville has become an attractive locale for families and professionals looking for a more relaxed suburban lifestyle without straying too far from the city buzz. The market tends to be competitive, as buyers are drawn to the blend of coastal lifestyle and urban convenience that Matraville offers.

Living in Matraville offers residents a balanced and community-oriented lifestyle. The suburb is known for its friendly, neighborhood vibe, with plenty of local amenities including schools, parks, and shopping centers that cater to the daily needs of its residents. The Heffron Park, one of Sydney's largest parks, provides extensive facilities for sport and recreation, making it an attractive feature for families and outdoor enthusiasts. The community here is vibrant and diverse, with local events and markets enhancing the social experience. Moreover, cafes, restaurants, and small businesses contribute to a lively, yet relaxed atmosphere. The suburb’s commitment to green spaces and community facilities makes it a desirable place to settle down, offering a sense of tranquility while remaining well-connected to the broader Sydney metropolitan region.

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