Micalo Island NSW 2464: Property Market Report & Real Estate Insights

Part of Clarence Valley, NSW

Micalo Island Real Estate Market Outlook

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.

Living in Micalo Island

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.

Instant Property Valuation

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