Mount Ousley NSW 2519: Property Market Report & Real Estate Insights

Part of Wollongong, NSW

Mount Ousley Real Estate Market Outlook

Thinking about buying in Mount Ousley? Now could not be a better time, with 614 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,253,000 with prices in this suburb ranging from $215,000 to $3,527,000. Mount Ousley is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Mount Ousley

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 Mount Ousley due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Mount Ousley provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Mount Ousley necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

Instant Property Valuation

Mount Ousley, a suburb of Wollongong in New South Wales, offers a unique blend of suburban tranquility and convenient proximity to urban amenities. As part of the larger Illawarra region, the housing market in Mount Ousley is characterized by a mix of family homes, many of which are situated on spacious blocks with lush gardens. Over recent years, the area has seen a steady increase in property values, reflecting broader market trends across Wollongong due to its desirable location and lifestyle offerings. This growth in the housing market can be attributed to Mount Ousley's appeal to families and professionals who appreciate its quiet, leafy streets while still having easy access to the Wollongong CBD, the University of Wollongong, and local beaches.

Living in Mount Ousley provides residents with a peaceful, community-focused lifestyle without sacrificing convenience. The suburb is well-served by public transportation and has excellent road connections, making it easy for commutes or exploring the beautiful surrounding areas. Local amenities include parks and schools, such as Mount Ousley Public School, which is renowned for its strong community involvement and educational standards. The nearby Wollongong Botanic Garden offers a serene escape for nature lovers, and the close-knit community environment fosters a sense of belonging and safety. As such, Mount Ousley remains an attractive option for those seeking a balance between suburban living and access to the vibrant city life and stunning coastline of Wollongong.

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