Thinking about buying in Ootha? Now could not be a better time, with just 52 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $44,000 with prices in this suburb ranging from $44,000 to $44,000. The aproximate distance to the coast is 337 Km.
Median Weekly Rent | $190.00 |
Median Monthly Mortgage | $1200.00 |
Median Persons Per Bedroom | 0.70 |
Average Household Size | 3.00 |
Average Age | 43.00 |
Average Income | $614.00 |
Average Cars Per Dwelling | 2.30 |
Average Properties Within 50M | 1 |
In Ootha 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 Ootha 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 Ootha 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. With very low industrial sector presence in Ootha 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.
LOLOMA, 6771 HENRY PARKES WAY, OOTHA, NSW, 2875 | 0 | 0 | 0 | EOI closing 11th September 2023 |
None within suburb boundary
(While the above schools are located with the suburb of Ootha there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.1 | 15.5 | 33.6 | 23.0 | 82.6 | 3.6 | 27.2 |
Feb | 2.7 | 15.0 | 30.2 | 32.0 | 86.4 | 3.5 | 23.1 |
Mar | 2.7 | 12.3 | 26.9 | 38.1 | 90.9 | 3.1 | 18.4 |
Apr | 1.3 | 7.3 | 22.3 | 42.7 | 94.7 | 2.6 | 14.9 |
May | 1.2 | 3.0 | 17.4 | 50.6 | 96.6 | 2.5 | 11.1 |
Jun | 2.0 | 2.1 | 13.9 | 61.5 | 97.4 | 2.5 | 9.1 |
Jul | 1.9 | 0.6 | 13.2 | 61.3 | 98.7 | 2.4 | 9.4 |
Aug | 1.3 | 0.5 | 14.5 | 52.6 | 98.1 | 2.6 | 12.4 |
Sept | 1.6 | 2.3 | 18.3 | 44.9 | 96.2 | 2.9 | 17.4 |
Oct | 1.4 | 5.7 | 23.1 | 36.7 | 94.4 | 3.1 | 22.3 |
Nov | 2.8 | 9.6 | 27.2 | 30.6 | 91.7 | 3.1 | 25.0 |
Dec | 2.2 | 12.7 | 30.4 | 24.5 | 85.1 | 3.4 | 27.9 |
source: Australian Government Bureau of Meteorology
05-09-2024 | $515,000 | 24 BURRAWANG WEST RD |
16-08-2023 | $28,500 | 5 CHURCH ST |
01-02-2023 | $3,750,000 | 656 RINGWOOD RD |
21-07-2022 | $14,605,000 | 196 BURRAWANG WEST RD |
01-02-2022 | $850,000 | 110 GIBBA RD |
16-12-2021 | $1,700,000 | 6771 HENRY PARKES WAY |
28-10-2021 | $21,000 | 5 CHURCH ST |
17-12-2018 | $88,000 | 11 OOTHA NORTH RD |
25-01-2017 | $8,000,000 | 314 MULGUTHRIE RD |
04-04-2014 | $15,000 | 40 OOTHA RD |
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