Legume NSW 2476: Property Market Report & Real Estate Insights

Part of Tenterfield, NSW

Legume Real Estate Market Outlook

Thinking about buying in Legume? Now could not be a better time, with just 170 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,337,000 with prices in this suburb ranging from $39,000 to $8,448,000. The approximate distance to the coast is 105 Km.

Living in Legume

In Legume 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 Legume 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. Low average earnings from people in Legume 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Legume the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

Legume, located in Tenterfield, New South Wales, offers a unique housing market that reflects its rural charm and tranquil lifestyle. The area is known for its picturesque landscapes, characterized by rolling hills and lush greenery, which make it an appealing destination for those looking to escape the hustle and bustle of city life. Property prices in Legume are generally more affordable compared to urban centers, making it an attractive option for families, retirees, and individuals seeking a peaceful retreat. The housing market is predominantly made up of standalone homes and small farms, providing ample space and privacy for residents. Potential buyers and renters can find a mix of traditional and modern homes, often with generous land parcels, offering opportunities for gardening, farming, or simply enjoying the open space.

Living in Legume provides a serene lifestyle with a strong sense of community, making it ideal for those who appreciate the quieter side of life. The town's small population fosters close-knit relationships among residents, with community events and gatherings being a regular feature of life here. Nature enthusiasts will find plenty to explore, with nearby national parks and reserves offering hiking, bird-watching, and plenty of outdoor activities. While amenities might not be as abundant as in larger towns, Legume residents benefit from the essentials and can easily travel to nearby Tenterfield for additional services, shopping, and dining options. Overall, Legume presents a welcoming environment where residents can enjoy the beauty of the Australian countryside and a slower pace of living.

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