Real Estate Blue Mountains, NSW, 2777

Thinking about buying in Blue Mountains? Now could not be a better time, with a whopping 523 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $998,000 with prices in this suburb ranging from $131,000 to $2,761,000.

Search for properties for sale in Blue Mountains

Blue Mountains 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. 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 Blue Mountains due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Blue Mountains classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Blue Mountains necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

The Blue Mountains is a region located on the outskirts of Sydney’s metropolitan area in New South Wales. Named for the vast mountain range which comprises its terrain, it is home to a number of major towns, including Katkoomba, the largest settlement in the region. IT is serviced by the Great Western Highway and the Main Western railway. The entire mountain range was unanimously listed as a UNESCO world heritage site in 2000, and with a population of 79000 several of the towns there are quite sizeable and offer stunning views. Historically the Blue Mountains had been inhabited for thousands of years by the Gundungurra people before Western settlers arrived, and there is still a significant aboriginal presence in the Blue Mountains.

The area enjoys a lot of tourism due to a number of attractions including the Three Sisters, a world-famous rock formation that is considered a major landmark, and the Edge Cinema, offering panoramic views of the region to visitors. Property in the Blue Mountains is cheaper than that in Sydney despite the beautiful vistas, proximity to the city and excellent transport links. Due to its status as a mountainous region, much of the surrounding terrain is difficult to traverse, leading to almost all inhabitants of the region being located a very small distance from town centres.