Garoo NSW 2340: Property Market Report & Real Estate Insights
Part of Tamworth Regional, NSW
Property Market
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Typical House Prices
Typical Homes & Property Types
Average Internet Speeds in Garoo
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Garoo Real Estate Market Outlook
Thinking about buying in Garoo? Now could not be a better time, with just 86 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,773,000 with prices in this suburb ranging from $648,000 to $11,764,000. The approximate distance to the coast is 153 Km.
Living in Garoo
In Garoo 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 Garoo 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. A mix of professions and above average income earners in Garoo 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 Garoo to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Garoo 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 Garoo a better buying opportunity than it may have been in the past.
Instant Property ValuationProperties for sale in Garoo
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11728 New England Hwy, Garoo, NSW, 2340 |  |
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Under Contract |
Recently Sold Properties
| Settlement Date | Sale Price | Property Address | Details |
|---|---|---|---|
| 2023-11-15 | $8,000,000 | 1253 Lindsays Gap Road | Garoo, NSW |
| 2023-08-01 | $5,100,000 | 184 Garoo Road | Garoo, NSW |
| 2022-10-17 | $4,375,000 | 108 Bulls Road | Garoo, NSW |
| 2021-10-18 | $2,900,000 | 418 Garoo Road | Garoo, NSW |
| 2021-06-29 | $6,219 | 1178 Old Wallabadah Road | Garoo, NSW |
| 2020-12-01 | $3,800,000 | 903 Garoo Road | Garoo, NSW |
| 2020-10-26 | $48,325,000 | 564 Old Wallabadah Road | Garoo, NSW |
| 2020-10-26 | $48,325,000 | 937 Lindsays Gap Road | Garoo, NSW |
| 2020-10-26 | $48,325,000 | 1773 Middlebrook Road | Garoo, NSW |
| 2020-02-18 | $5,500,000 | 2039 Lindsays Gap Road | Garoo, NSW |
| 2017-11-24 | $420,000 | 248 Garoo Road | Garoo, NSW |
| 2017-03-30 | $2,900,000 | 564 Old Wallabadah Road | Garoo, NSW |
| 2016-12-05 | $2,500,000 | 12540 New England Hwy | Garoo, NSW |
| 2016-10-10 | $3,500,000 | 255 Garoo Road | Garoo, NSW |
| 2016-09-20 | $23,800,000 | 1773 Middlebrook Road | Garoo, NSW |
| 2016-08-11 | $20,000,000 | 937 Lindsays Gap Road | Garoo, NSW |
| 2015-04-07 | $390,000 | 248 Garoo Road | Garoo, NSW |
| 2012-07-11 | $965,000 | 373 Garoo Road | Garoo, NSW |
Local Schools
No local schools recorded within the suburb boundary.
Is Garoo a safe suburb?
Incidents Trend State Average
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Balmain East Weather – Average Local Climate by Month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.9 | 16.5 | 32.1 | 34.4 | 90.2 | 4.3 | 25.4 |
| Feb | 1.9 | 15.9 | 30.7 | 38.6 | 93.3 | 4.2 | 22.2 |
| Mar | 3.2 | 14.2 | 27.2 | 46.1 | 95.4 | 3.6 | 17.6 |
| Apr | 1.0 | 9.3 | 23.8 | 43.7 | 96.1 | 3.0 | 15.5 |
| May | 1.0 | 5.4 | 19.8 | 45.0 | 95.9 | 3.0 | 12.1 |
| Jun | 1.4 | 3.9 | 16.2 | 55.4 | 97.7 | 3.1 | 9.4 |
| Jul | 1.3 | 2.3 | 15.9 | 49.7 | 95.0 | 3.4 | 10.6 |
| Aug | 0.9 | 2.6 | 18.2 | 40.5 | 93.8 | 3.6 | 13.9 |
| Sept | 1.1 | 4.9 | 22.4 | 32.5 | 91.5 | 3.7 | 18.8 |
| Oct | 1.3 | 8.6 | 25.2 | 34.8 | 91.8 | 3.8 | 22.0 |
| Nov | 2.6 | 12.2 | 28.1 | 34.1 | 90.7 | 4.0 | 24.9 |
| Dec | 3.5 | 14.9 | 30.1 | 34.3 | 90.3 | 4.2 | 26.3 |
source: Australian Government Bureau of Meteorology
Nearby Suburbs
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