All About Figtree, Wollongong , NSW 2525

Figtree Real Estate Market Outlook

Thinking about buying in Figtree? Now could not be a better time, with 5501 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,110,000 with prices in this suburb ranging from $20,000 to $24,330,000. Figtree 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.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Figtree 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 Figtree provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Figtree necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Figtree, a suburb of Wollongong in New South Wales, is experiencing a dynamic housing market that reflects broader trends seen throughout the region. Known for its leafy streets and family-friendly atmosphere, Figtree has become an attractive destination for potential homeowners and investors alike. As of late, the suburb has seen a steady increase in property prices, a trend that aligns with the overarching escalation in real estate values in the Wollongong area. The housing stock in Figtree predominantly consists of detached homes, many of which are set on generously sized lots, which cater to families seeking space and comfort. Recent infrastructural developments and proximity to Wollongong's city center have only heightened buyer interest, suggesting a resilient demand and promoting a competitive market environment.

Living in Figtree offers a blend of suburban tranquility and convenient access to urban amenities, making it an appealing choice for both families and professionals. The community is characterized by an array of parks and recreational facilities, such as the popular Figtree Oval and Figtree Grove Shopping Centre, which serve as social and commercial hubs for residents. Local schools, including Figtree High School and several primary schools, enjoy strong reputations, adding to the suburb's appeal for families. The area is well-serviced by public transport, with regular bus services facilitating easy commutes to Wollongong and beyond. Figtree's friendly neighborhood vibe, coupled with its scenic views of the nearby escarpment, makes it a pleasant and desirable place to call home.

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