Thinking about buying in Hamelin Bay? Now could not be a better time, with just 61 residential dwellings it's a highly sought after location.
The average property price for this area is $858,000 with prices in this suburb ranging from $518,000 to $1,064,000.Distance to the coast is 1 Km.
In Hamelin Bay 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. 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 Hamelin Bay due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Hamelin Bay 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. Lower than average population density constrains growth in Hamelin Bay 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.
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|Average Properties Within 50M||2.00|
|9730 CAVES RD, HAMELIN BAY, WA, 6288||$3,650,000|
None within suburb boundary(While the above schools are located with the suburb of Hamelin Bay 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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