Stromlo ACT 2611: Property Market Report & Real Estate Insights

Part of Unincorporated ACT, ACT

Stromlo Real Estate Market Outlook

Thinking about buying in Stromlo? Now could not be a better time, with just 41 residential dwellings it's a highly sought after location. The approximate distance to the coast is 110 Km.

Living in Stromlo

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Stromlo ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. Low average earnings from people in Stromlo 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 Stromlo 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

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Nearby Suburbs

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