Thinking about buying in Micalo Island? Now could not be a better time, with just 25 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,295,000 with prices in this suburb ranging from $614,000 to $4,009,000. Micalo Island is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Micalo Island Real Estate Market Outlook

In Micalo Island 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 Micalo Island 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. The slightly lower than average earnings from occupations in Micalo Island changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Micalo Island 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 Micalo Island 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 Micalo Island a better buying opportunity than it may have been in the past.

Houses for sale Micalo Island

13 OYSTER CHANNEL RD, MICALO ISLAND, NSW, 2464

2

1

3

Offers Invited

---

---

---

---

Recently Sold Properties / House Prices

15-02-2022	$1,075,000	13 OYSTER CHANNEL RD
30-04-2021	$3,150,000	151 MICALO RD
15-01-2021	$1,690,000	60 MICALO RD
31-07-2020	$700,000	23 OYSTER CHANNEL RD
23-03-2018	$550,000	13 OYSTER CHANNEL RD
31-08-2017	$1,550,000	60 MICALO RD
27-01-2017	$536,000	5 MICALO RD
05-08-2016	$485,000	50 MICALO RD
23-03-2016	$544,000	17 OYSTER CHANNEL RD
10-09-2015	$150,000	46 MICALO RD
06-06-2013	$270,000	2 MICALO RD
25-09-2012	$900,000	251 MICALO RD

---

Internet Speed

Download 25 Mbps / Upload 5 Mbps

---

Nearby Suburbs

---

Public Transport

---

General Points of Interest

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!