Lurnea NSW 2170: Property Market Report & Real Estate Insights

Part of Liverpool, NSW

Lurnea Real Estate Market Outlook

Thinking about buying in Lurnea? Now could not be a better time, with 4074 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $959,000 with prices in this suburb ranging from $91,000 to $3,728,000. The approximate distance to the coast is 20 Km.

Living in Lurnea

In Lurnea 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 Lurnea 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. Low average earnings from people in Lurnea 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. With very low industrial sector presence in Lurnea the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

Lurnea, a suburb located in the Liverpool region of New South Wales, has seen an evolving housing market characterized by steady growth, reflective of broader trends within Greater Western Sydney. This suburb, primarily residential in nature, offers a diverse range of housing options, from established family homes to newly developed properties, which attract a mix of young professionals, families, and retirees. Over recent years, Lurnea has benefited from significant infrastructural developments in surrounding areas, contributing to a rise in property values as the suburb becomes more accessible and appealing. The housing market here can be competitive, with demand often outstripping supply, driven by its relative affordability compared to Sydney's inner suburbs and its proximity to key transport links and amenities.

Living in Lurnea offers a blend of suburban tranquility and urban convenience, making it an attractive area for those seeking a balanced lifestyle. The suburb features a strong sense of community, with local schools, parks, and shopping areas catering to the needs of its residents. Lurnea’s position within Liverpool provides residents access to a broader range of services and facilities, including the Liverpool Hospital, major shopping centers, and recreational facilities. The area is serviced by several public transport options, making commuting feasible for those working in Sydney or its surrounding regions. With ongoing developments and a community-focused environment, Lurnea presents a desirable locale for individuals and families looking for a suburban retreat with city access.

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