All About Burra, Snowy Valleys, NSW, 2653

Burra, located within the Queanbeyan-Palerang Regional Council in New South Wales, offers a distinctive housing market characterized by its semi-rural charm and relative proximity to Canberra. The area is known for larger properties and countryside living, making it appealing for those seeking a peaceful lifestyle away from the hustle and bustle of bigger cities. In recent years, the housing market in Burra has seen a steady increase in interest, as more people look towards regional areas for more space and tranquility. While property prices have been rising due to increased demand, they are generally more affordable compared to the major metropolitan areas, offering good value for those willing to live slightly further from urban centers.

Living in Burra offers a unique blend of rural serenity and community spirit. Residents enjoy a tight-knit community where neighbors often know each other, and the pace of life is more laid-back. The scenic landscapes of rolling hills and open spaces provide plenty of opportunities for outdoor activities like hiking, horseback riding, and farming. While the area does not have the extensive amenities of a larger town, its proximity to Queanbeyan and Canberra means that residents can easily access more comprehensive services and entertainment options when needed. Overall, Burra is well-suited for individuals or families who appreciate a quieter, nature-focused lifestyle within reach of city conveniences.

Burra Real Estate Market Outlook

Thinking about buying in Burra? Now could not be a better time, with just 37 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,591,000 with prices in this suburb ranging from $254,000 to $1,695,000. The aproximate distance to the coast is 179 Km.

In Burra 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 Burra 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 Burra 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 Burra 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

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General Points of Interest

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