Thinking about buying in Glendaruel? Now could not be a better time, with just 27 residential dwellings it's a highly sought after location.
The average property price for this area is $1,271,000 with prices in this suburb ranging from $736,000 to $1,751,000.Distance to the coast is 96 Km.
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. 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 Glendaruel due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Glendaruel 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 Glendaruel necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Glendaruel the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
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None within suburb boundary(While the above schools are located with the suburb of Glendaruel 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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