Thinking about buying in Dromedary? Now could not be a better time, with just 351 residential dwellings it's a highly sought after location.
The average property price for this area is $524,000 with prices in this suburb ranging from $157,000 to $838,000.Distance to the coast is 20 Km.
In Dromedary 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 Dromedary 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 Dromedary 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 Dromedary 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.
|Median Weekly Rent||$375.00|
|Median Monthly Mortgage||$1430.00|
|Median Persons Per Bedroom||0.90|
|Average Household Size||3.00|
|Average Cars Per Dwelling||3.17|
|Average Properties Within 50M||1.00|
|6 COOMERA CT, DROMEDARY, TAS, 7030||Offers Over $255,000|
None within suburb boundary(While the above schools are located with the suburb of Dromedary there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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