Turramurra NSW 2074: Property Market Report & Real Estate Insights

Part of Ku-Ring-Gai, NSW

Turramurra Real Estate Market Outlook

Thinking about buying in Turramurra? Now could not be a better time, with 6360 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,732,000 with prices in this suburb ranging from $24,000 to $32,656,000. The approximate distance to the coast is 13 Km.

Living in Turramurra

Consistent high demand relative to supply is a key feature in Turramurra driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Turramurra 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. The high percentage of professional people in Turramurra classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Turramurra necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Turramurra, located in the Ku-ring-gai area of New South Wales, is renowned for its serene atmosphere and lush greenery, offering a peaceful escape from the hustle and bustle of Sydney's city life. The housing market in Turramurra is marked by its variety of elegant, family-oriented homes, many of which are set on generous plots of land that take advantage of the suburb's verdant backdrop. Over the years, the area has seen steady growth in property values, fueled by its appeal to families and professionals seeking a combination of accessibility and a suburban lifestyle. The architectural styles in Turramurra range from classic Federation and Californian bungalow homes to more modern builds, reflecting the suburb's historical development and ongoing transformation. This diversity in housing options, coupled with a strong sense of community and access to quality schools, makes Turramurra an attractive place for long-term investment in property.

Living in Turramurra offers residents a blend of natural beauty and modern conveniences. The suburb is home to several parks and nature reserves, including the expansive Ku-ring-gai Chase National Park, providing ample outdoor recreation opportunities such as hiking, cycling, and bird watching. Public transport is convenient, with the Turramurra railway station connecting residents to Sydney's city center, making it an ideal location for commuters. The local village atmosphere is enhanced by a range of amenities, including quaint cafes, specialty shops, and essential services, all contributing to a generally high quality of life. Turramurra's community spirit is often reflected in local events and markets, fostering a friendly and welcoming environment. Overall, the suburb offers a balanced lifestyle, combining the tranquility of suburban living with the convenience of urban access.

---

---

---

---

}

---

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!