Real Estate Gormans Hill, NSW, 2795 Bathurst Regional
Thinking about buying in Gormans Hill? Now could not be a better time, with a whopping 503 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $531,000 with prices in this suburb ranging from $345,000 to $1,068,000.
Distance to the coast is 147 Km.Gormans Hill Real Estate Market Outlook
In Gormans Hill 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 Gormans Hill 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 Gormans Hill 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 Gormans Hill to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. 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.
About
Household makeup
| Median Weekly Rent | $320.00 |
| Median Monthly Mortgage | $1690.00 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 3.00 |
| Average Age | 44.00 |
| Average Income | $1169.00 |
| Average Cars Per Dwelling | 2.89 |
| Average Properties Within 50M | 13.00 |
Typical Property Prices
| 4 Bed | $1,564,286 |
Housing Stock
Houses for sale Gormans Hill
|
5 INN PL, GORMANS HILL, NSW, 2795 | 4 | 2 | 2 | Guide $900,000 - $990,000 |
Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Gormans Hill there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Gormans Hill weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.1 | 13.1 | 27.9 | 39.6 | 93.9 | 1.6 | 22.0 |
| Feb | 4.7 | 11.9 | 24.2 | 47.0 | 95 | 1.8 | 18.7 |
| Mar | 3.5 | 10.1 | 22 | 50.7 | 95.7 | 1.6 | 15.4 |
| Apr | 0.9 | 5.5 | 19.8 | 45 | 96.0 | 1.4 | 14.0 |
| May | 1.2 | 1.4 | 14.8 | 50.0 | 95.9 | 1.4 | 10.6 |
| Jun | 1.4 | 0.9 | 11.6 | 58.9 | 96.2 | 1.4 | 8.6 |
| Jul | 1.5 | -0.4 | 11.8 | 51.0 | 93.8 | 1.7 | 10.1 |
| Aug | 2.2 | -0.4 | 12.4 | 45.3 | 93.6 | 1.9 | 12.4 |
| Sept | 1.9 | 2 | 16.5 | 40.6 | 94.3 | 1.8 | 16.4 |
| Oct | 1.8 | 5.8 | 20.1 | 41.4 | 94.5 | 1.6 | 19.0 |
| Nov | 2.7 | 7.7 | 23.3 | 34.7 | 92.3 | 2.0 | 23 |
| Dec | 2.3 | 10.6 | 25.7 | 36.7 | 91.3 | 1.9 | 23.5 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
Internet Speed
Fibre to the Node
Fixed Wireless
Satellite
Nearby Suburbs
Public Transport
General Points of Interest
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!