Thinking about buying in Moresby? Now could not be a better time, with just 120 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $262,000 with prices in this suburb ranging from $48,000 to $397,000. Moresby is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Moresby Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Moresby are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Moresby 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. Medium density in Moresby necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

Properties for sale Moresby

	1 PHAETON RD, MORESBY, WA, 6530				$133,000
	11 LOBELIA WAY, MORESBY, WA, 6530				$125,000
	9 LOBELIA WAY, MORESBY, WA, 6530				$129,000
	19 HILL CREEK RD, MORESBY, WA, 6530	0	0	0	225000
	11 FAIRFAX DR, MORESBY, WA, 6530	4	2	2	699000
	32 CARNALEA RD, MORESBY, WA, 6530	4	2	6	989000
	15 PROTEA AV, MORESBY, WA, 6530	0	0	0	110000

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General Points of Interest

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