All About Tooraweenah, Gilgandra, NSW, 2817

Tooraweenah, located in the Gilgandra Shire of New South Wales, offers a glimpse into the quieter side of life in Australia. The housing market in Tooraweenah is characterized by affordability and space, especially when compared to larger cities. Homes here tend to be more traditional, often with spacious yards and a connection to the surrounding landscape, making it an attractive option for those looking to escape the hustle and bustle of more urban environments. This small, rural community provides an opportunity to own property without the intense competition and high prices seen in metropolitan areas. As a result, Tooraweenah appeals to families, retirees, and anyone captivated by the charm of rural living.

Living in Tooraweenah is ideal for those who appreciate a slower pace of life and a tight-knit community atmosphere. The town, nestled at the foothills of the Warrumbungle National Park, offers stunning natural scenery, making it perfect for outdoor enthusiasts. Residents enjoy a lifestyle centered around community events, local gatherings, and the tranquillity of the countryside. With essential amenities within reach in nearby Gilgandra, Tooraweenah provides a pleasant balance of peaceful solitude and convenient access to necessary services. This small town living is a haven for those who value calmer, peaceful environments away from the stress and noise of urban areas.

Tooraweenah Real Estate Market Outlook

Thinking about buying in Tooraweenah? Now could not be a better time, with just 228 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,155,000 with prices in this suburb ranging from $12,000 to $69,717,000. The aproximate distance to the coast is 286 Km.

In Tooraweenah 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 Tooraweenah 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 Tooraweenah 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 Tooraweenah 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.

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General Points of Interest

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