Thinking about buying in Barunga West? Now could not be a better time, with just 277 residential dwellings it's a highly sought after location.
The average property price for this area is $256,000 with prices in this suburb ranging from $38,000 to $557,000.Distance to the coast is 3 Km.
In Barunga West there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Barunga West is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Barunga West leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Barunga West necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Barunga West we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Barunga West a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$|
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|Median Persons Per Bedroom|
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|Average Cars Per Dwelling|
|Average Properties Within 50M|
|14 HIGH ST, ALFORD, SA, 5555||3||1||6||$325,000 to $335,000|
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
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