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Lymwood
TAS, 7256 - King Island

Thinking about buying in Lymwood? Now could not be a better time, with just 82 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $269,000 with prices in this suburb ranging from $224,000 to $1,448,000. Lymwood is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Household Makeup

Median Weekly Rent $144.00
Median Monthly Mortgage $927.50
Median Persons Per Bedroom 0.75
Average Household Size 2.50
Average Age 43.00
Average Income $774.00
Average Cars Per Dwelling 1.77
Average Properties Within 50M 1

Housing Stock

Average Property Prices

1 Bed  $230,000
2 Bed  $230,000
3 Bed  $384,000
4 Bed  $416,000

Lymwood Real Estate Market Outlook

In Lymwood 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. High average incomes in Lymwood ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. Low average earnings from people in Lymwood 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 Lymwood 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.

Houses for sale Lymwood

Harcourts 221 ROBBINS RD, LYMWOOD, TAS, 7256 Beds3 Bathrooms1 Parking 2 $460,000
Harcourts 290 RED HUT RD, LYMWOOD, TAS, 7256 Beds Bathrooms $480,000

Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Lymwood 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.

Lymwood 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
Jan1.512.621.356.193.56.124.2
Feb1.313.521.655.989.66.420.3
Mar1.912.520.259.094.76.015.2
Apr2.211.017.961.395.65.711.6
May3.09.615.664.895.16.07.9
Jun3.68.114.166.695.75.66.4
Jul4.48.013.465.693.67.46.5
Aug3.47.713.662.793.97.29.7
Sept2.58.614.962.093.46.813.7
Oct29.116.559.793.36.519.3
Nov1.810.217.661.394.46.322.7
Dec1.511.519.459.795.26.425.3

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

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General Points of Interest

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