Thinking about buying in Picton? Now could not be a better time, with a whopping 3042 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $965,000 with prices in this suburb ranging from $322,000 to $2,700,000.
Distance to the coast is 30 Km. Search ResidzHousing Market Outlook
Good balance between suppy and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Picton 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 Picton provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Picton to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Picton 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 Picton a better buying opportunity than it may have been in the past.
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Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.0 | 17.5 | 30.8 | 40.9 | 93.0 | 2.2 | 22.0 |
| Feb | 2.2 | 16.7 | 28.9 | 44.1 | 93.4 | 2.1 | 18.9 |
| Mar | 3.9 | 15.7 | 26.8 | 49.5 | 95.9 | 1.9 | 14.9 |
| Apr | 1.3 | 11.4 | 24.5 | 44.7 | 94.6 | 1.8 | 14.1 |
| May | 1.2 | 7.2 | 21.1 | 42.9 | 94.5 | 1.8 | 11.3 |
| Jun | 2.6 | 5.6 | 17.9 | 51.0 | 95.0 | 1.8 | 9.4 |
| Jul | 0.9 | 3.9 | 18.0 | 41.3 | 94.5 | 1.8 | 10.6 |
| Aug | 1.3 | 4.5 | 19.5 | 34.0 | 91.3 | 2.1 | 13.4 |
| Sept | 1.0 | 7.3 | 22.8 | 32.7 | 92.5 | 2.2 | 17.6 |
| Oct | 1.4 | 10.6 | 25.0 | 36.4 | 92.3 | 2.3 | 20.5 |
| Nov | 2.8 | 13.3 | 27.2 | 39.1 | 94.0 | 2.2 | 23.4 |
| Dec | 1.9 | 15.6 | 29.2 | 38.6 | 92.8 | 2.2 | 22.6 |
source: Australian Government Bureau of Meteorology