All About Booyong, Lismore , NSW 2480

Booyong Real Estate Market Outlook

Thinking about buying in Booyong? Now could not be a better time, with just 53 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,252,000 with prices in this suburb ranging from $23,000 to $7,641,000. The approximate distance to the coast is 12 Km.

In Booyong 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 Booyong 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. A mix of professions and above average income earners in Booyong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Booyong 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 Booyong 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 Booyong a better buying opportunity than it may have been in the past.

Instant Property Valuation

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