Thinking about buying in Kooringal? Now could not be a better time, with just 199 residential dwellings it's a highly sought after location.
The average property price for this area is $895,000 with prices in this suburb ranging from $312,000 to $2,151,000.
Kooringal is located near the coast as well as views of the ocean, demand is likely to be high
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Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Kooringal due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Kooringal classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Kooringal requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
None within suburb boundary(While the above schools are located with the suburb of Kooringal 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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