Real Estate Black Range, NSW, 2550 Bega Valley

Thinking about buying in Black Range? Now could not be a better time, with just 110 residential dwellings it's a highly sought after location.

The average property price for this area is $979,000 with prices in this suburb ranging from $207,000 to $1,903,000.

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Black Range Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Black Range driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Black Range due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Black Range 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. Lower than average population density constrains growth in Black Range to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Black Range 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.