Parma NSW 2540: Property Market Report & Real Estate Insights

Part of Shoalhaven, NSW

Parma Real Estate Market Outlook

Thinking about buying in Parma? Now could not be a better time, with just 100 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,843,000 with prices in this suburb ranging from $801,000 to $3,525,000. Parma is located fairly close to the coast at just 8Km 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 Parma

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Parma 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 Parma 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 Parma 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

Parma, a tranquil locality within the Shoalhaven region of New South Wales, offers a unique blend of rural charm and suburban comfort, making it an appealing choice for those looking to escape the hustle and bustle of city life. The housing market in Parma reflects its serene surroundings, with a variety of properties ranging from spacious farmhouses to modern family homes. In recent times, the area has seen a modest increase in property values, driven by a growing interest from buyers seeking more affordable alternatives to larger cities like Sydney. The landscape is characterized by lush greenery and open spaces, providing plenty of privacy and a peaceful atmosphere. This makes it ideal for families and retirees who appreciate a slower pace of life, with the added benefits of the South Coast's natural beauty and proximity to beaches and national parks.

Living in Parma offers a laid-back lifestyle deeply connected to nature, with plenty of opportunities for outdoor recreation. Residents enjoy a strong sense of community, with local events and initiatives fostering a friendly and welcoming environment. The area's location within Shoalhaven means that you're never far from essential amenities, with nearby towns such as Nowra providing convenient access to shopping, dining, healthcare, and educational facilities. The combination of scenic tranquility and accessibility makes Parma a desirable place to call home, particularly for those who value a balanced lifestyle where work, leisure, and nature all coexist harmoniously.

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