Thinking about buying in Lottah? Now could not be a better time, with just 29 residential dwellings it's a highly sought after location.
The average property price for this area is $310,000 with prices in this suburb ranging from $58,000 to $381,000.
Distance to the coast is 18 Km.
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In Lottah 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. Low average incomes in Lottah is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Lottah provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Lottah 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. 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.
|833 LOTTAH RD, LOTTAH, TAS, 7216||2||2||4||$474,900|
None within suburb boundary(While the above schools are located with the suburb of Lottah 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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