Real Estate Fernleigh, NSW, 2479 Ballina

Thinking about buying in Fernleigh? Now could not be a better time, with just 140 residential dwellings it's a highly sought after location.

The average property price for this area is $2,756,000 with prices in this suburb ranging from $211,000 to $6,217,000.

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Fernleigh 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. Low average incomes in Fernleigh 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 Fernleigh provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Fernleigh to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Fernleigh 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 Fernleigh a better buying opportunity than it may have been in the past.