Mount Elliot NSW 2250: Property Market Report & Real Estate Insights

Part of Central Coast (NSW), NSW

Mount Elliot Real Estate Market Outlook

Thinking about buying in Mount Elliot? Now could not be a better time, with just 75 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,809,000 with prices in this suburb ranging from $996,000 to $3,119,000. Mount Elliot is located fairly close to the coast at just 5Km 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 Mount Elliot

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Mount Elliot due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Mount Elliot 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. 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. Lower than average industry presence in Mount Elliot 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 Mount Elliot a better buying opportunity than it may have been in the past.

Instant Property Valuation

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