Thinking about buying in The Gemfields? Now could not be a better time, with 1521 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $276,000 with prices in this suburb ranging from $69,000 to $811,000.
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In The Gemfields 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 The Gemfields due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in The Gemfields changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in The Gemfields necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in The Gemfields 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.
None within suburb boundary
(While the above schools are located with the suburb of The Gemfields there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
source: Australian Government Bureau of Meteorology
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