Thinking about buying in Nicholson? Now could not be a better time, with 960 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $620,000 with prices in this suburb ranging from $67,000 to $2,064,000. The aproximate distance to the coast is 10 Km.
| Median Weekly Rent | $205.00 |
| Median Monthly Mortgage | $1017.00 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 59.00 |
| Average Income | $470.00 |
| Average Cars Per Dwelling | 1.44 |
| Average Properties Within 50M | 6 |
| 1 Bed $613,000 |
| 2 Bed $544,000 |
| 3 Bed $672,000 |
| 4 Bed $851,000 |
| 5 Bed $784,000 |
| 6 Bed+$963,000 |
In Nicholson 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 Nicholson 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 Nicholson 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. Lower than average population density constrains growth in Nicholson to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Nicholson 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.
Nicholson Primary School
(While the above schools are located with the suburb of Nicholson 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 | 4.1 | 25.3 | 37.7 | 32.2 | 81.0 | 3 | 24.0 |
| Feb | 4.9 | 24.0 | 36.2 | 36.5 | 86.2 | 2.8 | 23.2 |
| Mar | 5.1 | 23.5 | 35.0 | 39.3 | 87.6 | 2.7 | 21.9 |
| Apr | 1.1 | 20.6 | 34.9 | 27.6 | 74.3 | 2.7 | 21.5 |
| May | 0.3 | 16.4 | 31.1 | 23.7 | 62.9 | 2.9 | 19.1 |
| Jun | 0.1 | 13.3 | 28.5 | 23.2 | 63.9 | 2.9 | 17.7 |
| Jul | 0.2 | 12.3 | 28.9 | 19.3 | 57.6 | 2.8 | 18.7 |
| Aug | 0.0 | 13.0 | 31.4 | 14.1 | 53.5 | 2.7 | 20.7 |
| Sept | 0 | 16.6 | 35.5 | 13.3 | 56.6 | 2.9 | 25.2 |
| Oct | 0.5 | 20.5 | 37.6 | 16.7 | 63.5 | 3.0 | 26.3 |
| Nov | 2.0 | 23.9 | 39.3 | 20.5 | 71.2 | 3.1 | 27.1 |
| Dec | 2.8 | 25.4 | 39.1 | 24.5 | 70.9 | 3.1 | 26.3 |
source: Australian Government Bureau of Meteorology
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