Thinking about buying in Barrow Island? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
Barrow Island is located near the coast as well as views of the ocean, demand is likely to be high
In Barrow Island 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. Incomes in Barrow Island are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Barrow Island leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Barrow Island necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Barrow Island 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.
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None within suburb boundary(While the above schools are located with the suburb of Barrow Island there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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