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. 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 Ridgley due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Ridgley classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Ridgley requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|1111 RIDGLEY HWY, RIDGLEY, TAS, 7321||3||2||2||Offers Over $695,000|
|1016 RIDGLEY HWY, RIDGLEY, TAS, 7321||3||1||2||$395,000|
Ridgley Primary School(While the above schools are located with the suburb of Ridgley there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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