In Binalong 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. Low average incomes in Binalong Bay 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. A mix of professions and above average income earners in Binalong Bay provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Binalong Bay 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. 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.
|74 GARDENS RD, BINALONG BAY, TAS, 7216||4||2||2||Price on Application|
|6 BARNETT CL, BINALONG BAY, TAS, 7216||1||1||3||$580,000 Negotiable|
|288 GARDENS RD, BINALONG BAY, TAS, 7216||3||2||5||Sold|
None within suburb boundary(While the above schools are located with the suburb of Binalong 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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