In Hillgrove 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 Hillgrove 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 Hillgrove provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 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. Lower than average industry presence in Hillgrove 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 Hillgrove a better buying opportunity than it may have been in the past.
None within suburb boundary(While the above schools are located with the suburb of Hillgrove there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
|31-01-2017||$965,000||113 COOLAMON RD HILLGROVE 2650|
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