Thinking about buying in New Italy? Now could not be a better time, with just 203 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,027,000 with prices in this suburb ranging from $76,000 to $1,901,000. New Italy is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In New Italy 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 New Italy 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 New Italy 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 New Italy 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.
411 MINYUMAI RD, NEW ITALY, NSW, 2472 | 4 | 1 | 7 |
None within suburb boundary
(While the above schools are located with the suburb of New Italy 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 | 5 | 21.1 | 28 | 66.9 | 94.6 | 3.8 | 24.9 |
Feb | 6.3 | 21.3 | 27.9 | 65.6 | 95.4 | 4.5 | 21.7 |
Mar | 4.2 | 20.4 | 27.4 | 66.8 | 97.1 | 4.1 | 18.3 |
Apr | 5.3 | 17.2 | 25.0 | 63.4 | 96.0 | 4.0 | 15.6 |
May | 3.9 | 13.5 | 22.0 | 63.3 | 95.1 | 3.4 | 12.6 |
Jun | 4.7 | 11.7 | 20.4 | 59 | 93.3 | 3.5 | 11.1 |
Jul | 2.6 | 10.7 | 20.4 | 52.4 | 91.2 | 3.3 | 12.2 |
Aug | 2.6 | 10.9 | 21.5 | 45.5 | 89.8 | 3.6 | 15.6 |
Sept | 1.1 | 13.8 | 23.3 | 50.8 | 91.0 | 3.8 | 18.5 |
Oct | 3.1 | 16.2 | 24.5 | 58.8 | 93.1 | 4.0 | 21.7 |
Nov | 1.9 | 18.4 | 26.5 | 58.4 | 93.3 | 4.0 | 25.0 |
Dec | 2.6 | 19.8 | 27.2 | 62.9 | 94.6 | 3.9 | 25.4 |
source: Australian Government Bureau of Meteorology
11-10-2024 | $990,000 | 411 MINYUMAI RD |
28-06-2024 | $920,000 | 93 MAHOGANY RD |
23-08-2023 | $530,500 | 590 MOONEM NEW ITALY RD |
21-07-2023 | $690,000 | 40 FOREST RD |
18-07-2023 | $799,265 | 1095 SWAN BAY NEW ITALY RD |
17-05-2023 | $100,000 | 8 CYPRESS RD |
15-03-2023 | $600,000 | 520 MOONEM NEW ITALY RD |
11-10-2022 | $77,500 | 8510 REDGATE RD |
16-09-2022 | $770,000 | 931 SWAN BAY NEW ITALY RD |
05-05-2022 | $987,000 | 75 FOREST RD |
18-10-2021 | $1,387,500 | 640 SWAN BAY NEW ITALY RD |
05-03-2021 | $450,000 | 8280 PACIFIC HWY |
14-01-2021 | $910,000 | 730 REARDONS LANE |
18-12-2020 | $540,000 | 899 SWAN BAY NEW ITALY RD |
26-11-2020 | $150,000 | 562 MOONEM NEW ITALY RD |
20-02-2020 | $250,000 | 130 WHITES RD |
16-01-2020 | $380,000 | 41 MAHOGANY RD |
03-07-2019 | $450,000 | 8120 PACIFIC HWY |
21-06-2019 | $650,000 | 155 WHITES RD |
01-05-2019 | $540,000 | 801 SWAN BAY NEW ITALY RD |
18-04-2019 | $160,000 | 8344 REDGATE RD |
16-04-2019 | $610,000 | 165 WHITES RD |
03-04-2019 | $590,000 | 919 SWAN BAY NEW ITALY RD |
28-02-2019 | $10,000 | 8348 REDGATE RD |
31-01-2019 | $10,000 | 8348 REDGATE RD |
17-01-2019 | $385,000 | 923 SWAN BAY NEW ITALY RD |
12-10-2018 | $420,000 | 40 FOREST RD |
21-08-2018 | $430,000 | 931 SWAN BAY NEW ITALY RD |
06-07-2018 | $300,000 | 1095 SWAN BAY NEW ITALY RD |
28-06-2018 | $526,000 | 905 SWAN BAY NEW ITALY RD |
30-05-2018 | $299,000 | 8342 REDGATE RD |
10-04-2018 | $479,000 | 6 NORTONS RD |
06-02-2018 | $588,053 | 730 REARDONS LANE |
08-09-2017 | $695,000 | 1130 SWAN BAY-NEW ITALY RD |
20-06-2017 | $439,000 | 8120 PACIFIC HWY |
13-04-2017 | $425,000 | 8180 PACIFIC HWY |
21-10-2016 | $465,000 | 1279 SWAN BAY-NEW ITALY RD |
30-09-2016 | $500,000 | 1175 SWAN BAY-NEW ITALY RD |
28-09-2016 | $50,000 | 1 FOREST |
18-12-2015 | $565,000 | 645 SWAN BAY-NEW ITALY RD |
08-12-2015 | $570,000 | 8655 PACIFIC HWY |
10-08-2015 | $255,000 | 562 MOONEM NEW ITALY RD |
29-07-2014 | $140,000 | 650 REARDONS LANE |
05-06-2014 | $302,000 | 640 MOONEM NEW ITALY RD |
14-08-2013 | $285,000 | 590 MOONEM NEW ITALY RD |
24-05-2013 | $470,000 | 8690 PACIFIC HWY |
21-12-2012 | $215,000 | 1045 SWAN BAY-NEW ITALY RD |
19-10-2012 | $150,000 | 8352 REDGATE RD |
04-09-2012 | $340,000 | 899 SWAN BAY-NEW ITALY RD |
27-01-2012 | $300,000 | 923 SWAN BAY-NEW ITALY RD |
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