Wakeley NSW 2176: Property Market Report & Real Estate Insights

Part of Fairfield, NSW

Wakeley Real Estate Market Outlook

Thinking about buying in Wakeley? Now could not be a better time, with 1727 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,087,000 with prices in this suburb ranging from $131,000 to $3,159,000. The approximate distance to the coast is 22 Km.

Living in Wakeley

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Wakeley 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. The slightly lower than average earnings from occupations in Wakeley 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. 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. Lower than average industry presence in Wakeley 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 Wakeley a better buying opportunity than it may have been in the past.

Instant Property Valuation

Wakeley, a suburb in Fairfield, New South Wales, offers a diverse and evolving housing market characterized by a mix of residential properties that cater to a variety of buyers, including families, professionals, and investors. The market here has demonstrated steady growth over recent years, reflective of the broader trends in Sydney's real estate landscape. The availability of spacious homes, often featuring generous lot sizes, appeals particularly to growing families seeking a comfortable suburban lifestyle. Furthermore, the mix of traditional family homes alongside more modern developments provides a range of options for buyers and renters alike. Its proximity to central Fairfield and other regional hubs makes Wakeley an attractive location for those who desire accessibility to urban amenities while enjoying the benefits of suburban living.

Life in Wakeley is marked by its multicultural community, vibrant local culture, and convenient amenities. Residents appreciate the area's parklands and recreational facilities, such as the peaceful Wakeley Park and various community centers which serve as hubs for social activities and gatherings. The suburb offers several quality schools, contributing to its appeal among families. Additionally, Wakeley is well-serviced by public transport links and is conveniently located near major roads, ensuring easy access to the Sydney CBD and surrounding regions. The local shopping precincts provide essential services and everyday shopping needs, creating a self-sufficient community atmosphere. In Wakeley, the blend of cultural diversity, convenience, and community-oriented lifestyle makes it a welcoming and engaging place to call home.

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