All About Moree, Moree Plains , NSW 2400

Moree Real Estate Market Outlook

Thinking about buying in Moree? Now could not be a better time, with 6559 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $396,000 with prices in this suburb ranging from $12,000 to $38,649,000. The aproximate distance to the coast is 296 Km.

In Moree 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 Moree 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 Moree 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 Moree 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.

Instant Property Valuation

Moree is a picturesque countryside town in northern New South Wales. It sits on the banks of the Mehi River and is around 630km from Sydney, the state capital. Officially gazetted as a town in 1862, Moree quickly became an agricultural centre due to the fertile black-soil planes on which it lies, and thrived as a result; Moree remains prominent in the Australian cotton-growing industry to this day. Aside from agriculture, Moree is also known for its artesian hot spring baths, famous for their supposed healing abilities. The local Government area of Moree is known as Moree Plains Shire.

Moree has a population of a little over 7300 people, making it a relatively small town, yet not so small as to seem uninhabited or inaccessible. Moree is connected to several major cities by rail; it is also served by Moree Airport, which sees regular flights to and from Sydney and Brisbane run by national airlines. Moree is an affordable, idyllic, relaxed place to live, with excellent facilities and travel links and a tranquil, traditional way of life.

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