Good balance between supply 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 Shorewell Park 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 Shorewell Park 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 Shorewell Park 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.
|41 LOONGANA AV, SHOREWELL PARK, TAS, 7320||4||2||3||Offers Over $590,000|
|UNIT 2, 11 PARAMOUNT CT, SHOREWELL PARK, TAS, 7320||3||1||1||Offers Over $379,000|
|27 MALONGA DR, SHOREWELL PARK, TAS, 7320||4||2||Best offer over $630,000|
|49 MALONGA DR, SHOREWELL PARK, TAS, 7320||3||1||1||Best offer over $430,000|
None within suburb boundary(While the above schools are located with the suburb of Shorewell Park 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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