All About Turrella, Bayside (NSW) , NSW 2205

Turrella Real Estate Market Outlook

Thinking about buying in Turrella? Now could not be a better time, with 1339 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,380,000 with prices in this suburb ranging from $259,000 to $13,215,000. Turrella is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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. 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 Turrella 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 Turrella provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Turrella to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. 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

Turrella, located in the Bayside region of New South Wales, is an area experiencing a steady transformation in its housing market. The suburb, characterized by its residential and industrial mix, has seen increasing interest due to its proximity to Sydney's central business district and accessible public transport options, including the Turrella railway station. The housing market here comprises a variety of options, from apartments and townhouses to traditional family homes, catering to a diverse range of buyers and investors. In recent years, Turrella has witnessed moderate growth in property values, fueled by an influx of developments aimed at young professionals and families seeking more affordable living close to the city. This growth is supported by local amenities and the suburb’s connectivity, making it a viable option for those looking to balance urban living with suburban affordability.

Living in Turrella offers a unique blend of urban convenience and suburban tranquility. The suburb is situated near Wolli Creek and Cooks River, providing residents with ample green spaces and opportunities for outdoor activities such as walking, cycling, and picnics. The community vibe in Turrella is enhanced by its small population and relatively quiet streets, creating a serene atmosphere compared to more densely populated neighboring suburbs. Additionally, residents benefit from its proximity to shopping centers, restaurants, and schools in nearby areas, ensuring that the essentials are never far from reach. The emphasis on residential development coupled with community initiatives makes Turrella an increasingly attractive choice for those looking to enjoy a balanced lifestyle within reach of Sydney's bustling city life.

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