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Larras Lee
NSW, 2866 - Cabonne

Thinking about buying in Larras Lee? Now could not be a better time, with just 35 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,495,000 with prices in this suburb ranging from $885,000 to $3,213,000. The aproximate distance to the coast is 219 Km.

Household Makeup

Median Weekly Rent $200.00
Median Monthly Mortgage $2000.00
Median Persons Per Bedroom 0.90
Average Household Size 3.00
Average Age 40.00
Average Income $1025.00
Average Cars Per Dwelling 3.03
Average Properties Within 50M 1

Housing Stock

Average Property Prices

Larras Lee Real Estate Market Outlook

In Larras Lee 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 Larras Lee 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 Larras Lee 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 Larras Lee 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 Larras Lee a better buying opportunity than it may have been in the past.


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Larras Lee there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Larras Lee weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan2.113.127.939.693.91.622.0
Feb4.711.924.247.0951.818.7
Mar3.510.12250.795.71.615.4
Apr0.95.519.84596.01.414.0
May1.21.414.850.095.91.410.6
Jun1.40.911.658.996.21.48.6
Jul1.5-0.411.851.093.81.710.1
Aug2.2-0.412.445.393.61.912.4
Sept1.9216.540.694.31.816.4
Oct1.85.820.141.494.51.619.0
Nov2.77.723.334.792.32.023
Dec2.310.625.736.791.31.923.5

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

03-07-2023 $3,300,000 113 THREE RIVERS RD
04-04-2023 $85,083 4649 MITCHELL HWY
20-02-2023 $4,125,000 244 CROCKETTS LANE
05-12-2022 $3,200,000 5796 MITCHELL HWY
16-04-2021 $667,868 233 CROCKETTS LANE
16-04-2021 $955,500 5619 MITCHELL HWY
16-04-2021 $667,868 233 CROCKETTS LANE
16-04-2021 $955,500 5619 MITCHELL HWY
06-08-2019 $2,000,000 5796 MITCHELL HWY
27-01-2017 $1,060,000 453 LARRAS LEE RD
15-04-2016 $305,625 36 THREE RIVERS RD
18-12-2015 $400,000 113 THREE RIVERS RD
17-12-2015 $1,850,000 244 CROCKETTS LANE
13-10-2015 $1,720,000 445 THE GAP ROAD
10-11-2014 $975,000 326 CROCKETTS LANE
11-02-2014 $168,000 36 THREE RIVERS RD
07-05-2013 $84,000 36 THREE RIVERS RD
25-09-2009 $845,020 456 THE GAP RD
01-10-2008 $353,000 534 LARRAS LEE RD
23-09-2008 $300,000 51 LARRAS LEE RD
19-10-2006 $1,500,000 309 CROCKETTS LANE

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

BoomeyCundumbulEurimblaMolongCumnockGarraStuart TownBelgraviaBakers SwampLoombah

Public Transport


General Points of Interest

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