Thinking about buying in Nowergup? Now could not be a better time, with just 147 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,809,000 with prices in this suburb ranging from $585,000 to $3,822,000. Nowergup is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Nowergup Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Nowergup are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Nowergup 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Properties for sale Nowergup

436 GIBBS RD, NOWERGUP, WA, 6032

$1,195,000

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General Points of Interest

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