Real Estate Lake Hume Village, NSW, 3691 Albury

Thinking about buying in Lake Hume Village? Now could not be a better time, with just 213 residential dwellings it's a highly sought after location.

The average property price for this area is $608,000 with prices in this suburb ranging from $141,000 to $1,546,000.

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Lake Hume Village Real Estate Market Outlook

In Lake Hume Village 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 Lake Hume Village 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 Lake Hume Village 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 Lake Hume Village to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Lake Hume Village 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 Lake Hume Village a better buying opportunity than it may have been in the past.