All About Mon Repos, Bundaberg , QLD 4670

Mon Repos Real Estate Market Outlook

Thinking about buying in Mon Repos? Now could not be a better time, with just 30 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $861,000 with prices in this suburb ranging from $527,000 to $880,000. Mon Repos 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.

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 Mon Repos 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. A mix of professions and above average income earners in Mon Repos provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Mon Repos 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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