Thinking about buying in Wagait? Now could not be a better time, with just 411 residential dwellings it's a highly sought after location. Wagait is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Wagait 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 Wagait due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Wagait 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. High density population in Wagait requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Wagait we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Wagait a better buying opportunity than it may have been in the past.
37 BRISBANE ST, WAGAIT BEACH, NT, 0822 | 3 | 1 | 3 | $399,000 |
Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 15.8 | 25.1 | 32.0 | 63.1 | 94.1 | 4.7 | 18.8 |
Feb | 13.8 | 25.3 | 32.2 | 62.4 | 93.8 | 4.4 | 21.0 |
Mar | 8.2 | 25.2 | 32.7 | 58.5 | 94.6 | 3.7 | 21.2 |
Apr | 3.7 | 24.3 | 33.1 | 46.7 | 92.5 | 3.5 | 21.8 |
May | 0.7 | 22.5 | 32.4 | 37.4 | 86.1 | 3.9 | 20.8 |
Jun | 0.0 | 20.0 | 31.3 | 31.6 | 85.9 | 3.9 | 20.2 |
Jul | 0 | 19.5 | 31.6 | 29.2 | 87.6 | 3.7 | 20.8 |
Aug | 0.1 | 19.6 | 32.2 | 27.1 | 89.2 | 3.6 | 22.6 |
Sept | 0.8 | 22.8 | 33.5 | 35.6 | 89.8 | 3.7 | 24.7 |
Oct | 2.4 | 24.5 | 34.0 | 41.0 | 89.9 | 4.0 | 25.4 |
Nov | 5.4 | 25.3 | 34.0 | 48.7 | 90.7 | 3.7 | 24.6 |
Dec | 7.5 | 25.7 | 33.5 | 55.2 | 92.2 | 3.7 | 22.6 |
source: Australian Government Bureau of Meteorology
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