Thinking about buying in Spring Terrace? Now could not be a better time, with just 68 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,242,000 with prices in this suburb ranging from $154,000 to $4,230,000. The aproximate distance to the coast is 192 Km.
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In Spring Terrace 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. 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 Spring Terrace due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Spring Terrace provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 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 Spring Terrace 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 Spring Terrace a better buying opportunity than it may have been in the past.
308 ORCHARD RD, SPRING TERRACE, NSW, 2798 | 4 | 3 | 4 | Contact agent |
Spring Terrace Public School
Spring Hill Public School
(While the above schools are located with the suburb of Spring Terrace 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 | 2.1 | 13.1 | 27.9 | 39.6 | 93.9 | 1.6 | 22.0 |
Feb | 4.7 | 11.9 | 24.2 | 47.0 | 95 | 1.8 | 18.7 |
Mar | 3.5 | 10.1 | 22 | 50.7 | 95.7 | 1.6 | 15.4 |
Apr | 0.9 | 5.5 | 19.8 | 45 | 96.0 | 1.4 | 14.0 |
May | 1.2 | 1.4 | 14.8 | 50.0 | 95.9 | 1.4 | 10.6 |
Jun | 1.4 | 0.9 | 11.6 | 58.9 | 96.2 | 1.4 | 8.6 |
Jul | 1.5 | -0.4 | 11.8 | 51.0 | 93.8 | 1.7 | 10.1 |
Aug | 2.2 | -0.4 | 12.4 | 45.3 | 93.6 | 1.9 | 12.4 |
Sept | 1.9 | 2 | 16.5 | 40.6 | 94.3 | 1.8 | 16.4 |
Oct | 1.8 | 5.8 | 20.1 | 41.4 | 94.5 | 1.6 | 19.0 |
Nov | 2.7 | 7.7 | 23.3 | 34.7 | 92.3 | 2.0 | 23 |
Dec | 2.3 | 10.6 | 25.7 | 36.7 | 91.3 | 1.9 | 23.5 |
source: Australian Government Bureau of Meteorology
15-05-2024 | $2,190,000 | 1544 FOREST REEFS RD |
19-03-2024 | $1,360,000 | 29 KELLY LANE |
08-11-2023 | $1,520,000 | 308 ORCHARD RD |
02-05-2023 | $1,750,000 | 4 SPRING TERRACE RD |
02-12-2022 | $400,000 | 41 HOLMES RD |
04-05-2022 | $1,325,000 | 1705 FOREST REEFS RD |
14-12-2018 | $640,000 | 1665 FOREST REEFS RD |
14-12-2018 | $2,900,000 | 54 WALDEGRAVE RD |
15-11-2018 | $215,000 | 7 WALDEGRAVE RD |
19-10-2018 | $820,000 | 215 SPRING TERRACE RD |
27-07-2018 | $700,000 | 614 FOREST RD |
13-04-2018 | $510,000 | 37 BAKERS RD |
22-03-2017 | $1,110,500 | 272 ORCHARD RD |
05-12-2016 | $535,000 | 42 COWRIGA RD |
22-05-2015 | $800,000 | 30 KELLY LANE |
01-05-2015 | $900,000 | 704 FOREST RD |
15-12-2014 | $645,000 | 1727 FOREST REEFS RD |
06-06-2014 | $315,000 | 1714 FOREST REEFS RD |
04-12-2013 | $645,000 | 314 WALDEGRAVE RD |
10-08-2012 | $625,000 | 29 KELLY LANE |
15-06-2012 | $450,000 | 42 COWRIGA RD |
30-03-2011 | $710,000 | 4 SPRING TERRACE RD |
03-12-2010 | $472,500 | 308 ORCHARD RD |
10-03-2010 | $515,000 | 1727 FOREST REEFS RD |
25-09-2009 | $400,000 | 365 WALDEGRAVE RD |
18-09-2009 | $249,000 | 1714 FOREST REEFS RD |
04-09-2009 | $305,000 | 276 WALDEGRAVE RD |
07-05-2007 | $380,000 | 42 COWRIGA RD |
30-05-2006 | $1,050,000 | 57 PILCHER RD |
31-08-1992 | $211,000 | 1705 FOREST REEFS RD |
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