Thinking about buying in Namoi River? Now could not be a better time, with just 44 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,042,000 with prices in this suburb ranging from $804,000 to $1,243,000. The aproximate distance to the coast is 195 Km.
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In Namoi River 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 Namoi River 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 Namoi River provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Namoi River 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 Namoi River 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 Namoi River a better buying opportunity than it may have been in the past.
None within suburb boundary
(While the above schools are located with the suburb of Namoi River there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 3.1 | 17.7 | 30.8 | 37.6 | 86.6 | 3.1 | 25.0 |
Feb | 3.0 | 16.4 | 29.5 | 38.0 | 88.6 | 2.8 | 23.2 |
Mar | 3.1 | 15.6 | 28.6 | 36.6 | 88.3 | 2.7 | 18.4 |
Apr | 1.6 | 11.3 | 23.9 | 38.9 | 88.4 | 2.6 | 16.4 |
May | 1.3 | 7.1 | 19.5 | 42.2 | 91.8 | 2.3 | 12.8 |
Jun | 1.5 | 5.4 | 16.9 | 44.4 | 92.4 | 2.4 | 10.8 |
Jul | 1.6 | 3.4 | 15.9 | 39.6 | 92.5 | 2.4 | 12.2 |
Aug | 1.4 | 4.2 | 18.1 | 31.9 | 86.1 | 2.6 | 14.9 |
Sept | 1.8 | 7.4 | 20.4 | 36.9 | 88.3 | 2.8 | 18.3 |
Oct | 2.9 | 11.1 | 24.4 | 34.9 | 87.4 | 2.8 | 22.0 |
Nov | 2.8 | 13.9 | 27.8 | 32.2 | 81.6 | 3.0 | 26.0 |
Dec | 4.2 | 15.2 | 27 | 44.6 | 91.4 | 2.8 | 24.6 |
source: Australian Government Bureau of Meteorology
21-01-2020 | $750,000 | 1335 NAMOI RIVER RD |
17-09-2018 | $590,000 | 2908 NAMOI RIVER RD |
14-09-2017 | $691,000 | 1862 NAMOI RIVER RD |
03-11-2016 | $580,000 | 1275 NAMOI RIVER RD |
11-10-2016 | $700,000 | 1678 CROW MOUNTAIN RD |
06-05-2016 | $95,000 | 3820 NAMOI RIVER RD |
29-01-2016 | $670,000 | 320 YELLOW ROCK RD |
21-12-2015 | $116,980 | 3820 NAMOI RIVER RD |
28-09-2012 | $150,000 | 2908 NAMOI RIVER RD |
20-04-2012 | $560,000 | 1275 NAMOI RIVER RD |
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