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Lightning Ridge
NSW, 2834 - Walgett

Thinking about buying in Lightning Ridge? Now could not be a better time, with 1384 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $250,000 with prices in this suburb ranging from $31,000 to $1,624,000. The aproximate distance to the coast is 480 Km.

Household Makeup

Median Weekly Rent $176.67
Median Monthly Mortgage $950.50
Median Persons Per Bedroom 0.83
Average Household Size 2.00
Average Age 50.17
Average Income $504.83
Average Cars Per Dwelling 1.66
Average Properties Within 50M 8

Housing Stock

Average Property Prices

1 Bed  $140,000
2 Bed  $163,000
3 Bed  $272,000
4 Bed  $339,000
5 Bed  $426,000
6 Bed+$297,000

Lightning Ridge Real Estate Market Outlook

In Lightning Ridge 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 Lightning Ridge 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 Lightning Ridge 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 Lightning Ridge 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.


Local Schools

Lightning Ridge Central School

(While the above schools are located with the suburb of Lightning Ridge 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.

Lightning Ridge 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
Jan1.522.535.724.567.04.225.7
Feb2.721.333.829.173.23.824.4
Mar1.519.732.429.975.33.520.6
Apr0.614.228.529.378.93.018.4
May0.88.923.632.984.02.814.5
Jun1.06.819.642.188.93.012.5
Jul0.85.519.636.687.13.013.7
Aug0.45.421.925.879.83.116.4
Sept0.810.226.621.970.23.621
Oct1.114.429.623.169.33.924.7
Nov2.218.833.422.667.1427.0
Dec1.020.534.324.568.74.127.9

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

11-03-2024 $170,000 37 OPAL ST
14-02-2024 $230,000 58 BUTTERFLY AVE
21-12-2023 $360,000 11 NOBBY RD
20-12-2023 $220,000 18 AGATE ST
20-12-2023 $450,000 36 BUTTERFLY AVE
13-12-2023 $120,000 45 NETTLETON DR
28-11-2023 $105,000 4 BLACK PRINCE DR
17-11-2023 $349,000 26 PANDORA ST
16-11-2023 $45,000 10 AGATE ST
03-11-2023 $280,000 41 BLACK PRINCE DR
06-10-2023 $250,000 21 OPAL ST
22-09-2023 $230,000 5 POTCH ST
11-09-2023 $366,000 22 KAOLIN ST
05-09-2023 $85,000 92 FRED REECE WAY
17-08-2023 $520,000 46 NETTLETON DR
01-08-2023 $330,000 38 NOBBY RD
27-07-2023 $226,500 61 PANDORA ST
29-06-2023 $1,133,000 12 MORILLA ST
21-06-2023 $190,000 40 PANDORA ST
01-06-2023 $1,225,000 34 OPAL ST
10-05-2023 $260,000 107 PANDORA ST
14-04-2023 $324,500 36 NOBBY RD
12-04-2023 $265,000 26 NETTLETON DR
31-03-2023 $200,000 7 RED ADMIRAL PL
08-02-2023 $280,000 42 BLACK PRINCE DR
08-02-2023 $205,000 26 HARLEQUIN ST
08-02-2023 $280,000 42 BLACK PRINCE DR
08-02-2023 $205,000 26 HARLEQUIN ST
01-02-2023 $155,000 6 RED ADMIRAL PL
30-01-2023 $260,000 2 MATRIX ST
21-12-2022 $85,000 73 OPAL ST
13-12-2022 $245,000 64 BLACK PRINCE DR
21-11-2022 $725,000 5 MORILLA ST
28-10-2022 $110,000 2 RED ADMIRAL PL
14-10-2022 $440,000 68 OPAL ST
09-09-2022 $285,000 44 BLACK PRINCE DR
05-08-2022 $60,000 45 OPAL ST
27-07-2022 $285,000 5 NETTLETON DR
18-07-2022 $295,000 6 RAINBOW ST
13-07-2022 $300,000 7 BRILLIANT ST
06-07-2022 $495,000 60 BUTTERFLY AVE
24-06-2022 $475,000 43 NETTLETON DR
23-06-2022 $80,000 1 MATRIX ST
21-06-2022 $200,000 47 GEM ST
26-05-2022 $180,000 41 GEM ST
20-05-2022 $195,000 94 PANDORA ST
12-04-2022 $120,000 53 HARLEQUIN ST
31-03-2022 $250,000 8 PANDORA ST
30-03-2022 $65,000 6 FLAMINGO ST
11-03-2022 $85,000 13 BRILLIANT ST

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

AngledoolCumborahGrawin Opal FieldsCollarenebriGoodoogaGoodooga ReserveCollarenebri ReserveHebelWalgettGingie Reserve


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