Thinking about buying in Katarapko? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
In Katarapko 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 Katarapko 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 Katarapko 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 Katarapko necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Katarapko 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 Katarapko a better buying opportunity than it may have been in the past.
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None within suburb boundary(While the above schools are located with the suburb of Katarapko 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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