All About Botany, Bayside (NSW) , NSW 2019

Botany Real Estate Market Outlook

Thinking about buying in Botany? Now could not be a better time, with 8778 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,576,000 with prices in this suburb ranging from $39,000 to $628,259,000. Botany is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Botany are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Botany 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 Botany 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.

Instant Property Valuation

The housing market in Botany, located in the Bayside area of New South Wales, has seen notable activity and growth in recent years. As a suburb that combines a rich industrial history with a burgeoning residential community, Botany has become an attractive option for both investors and potential homeowners. Property prices in Botany reflect its desirability and proximity to Sydney's central business district—only about 11 kilometers away. The area offers a mix of housing options, from older, character-filled homes to more modern apartment developments. This variety appeals to a broad demographic, including families, young professionals, and retirees. Recent infrastructure developments, including road improvements and enhanced public transport services, have further heightened interest in Botany, as commuting to and from the area has become increasingly convenient.

Living in Botany offers residents a unique blend of suburban comfort with urban accessibility. The suburb is well-equipped with amenities that enhance quality of life, such as parks, schools, and shopping centers. Sir Joseph Banks Park is one of the highlights, offering outdoor recreational activities and a lush green space for relaxation. Botany also benefits from its proximity to some of Sydney's beautiful beaches, providing an excellent balance for those who enjoy both city life and natural retreats. The community in Botany is diverse and vibrant, contributing to a sense of inclusivity and cultural richness. Local events and community groups foster a strong neighborhood spirit, making it an inviting place for newcomers. With continued development and a stable housing market, Botany remains a compelling choice for those looking to settle in a thriving suburban environment within easy reach of Sydney's dynamic city life.

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