Real Estate Alice Springs, NT, 0873

Thinking about buying in Alice Springs? Now could not be a better time, with just 473 residential dwellings it's a highly sought after location.

The average property price for this area is $531,000 with prices in this suburb ranging from $182,000 to $5,516,000.

Search for properties for sale in Alice Springs

Alice Springs Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Alice Springs ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Alice Springs 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. High density population in Alice Springs 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 Alice Springs 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 Alice Springs a better buying opportunity than it may have been in the past.