Mylestom NSW 2454: Property Market Report & Real Estate Insights

Part of Bellingen, NSW

Mylestom Real Estate Market Outlook

Thinking about buying in Mylestom? Now could not be a better time, with just 303 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $979,000 with prices in this suburb ranging from $411,000 to $2,269,000. Mylestom is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Mylestom

In Mylestom 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 Mylestom 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 Mylestom 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 Mylestom 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

Mylestom, a quaint coastal village in the Bellingen Shire of New South Wales, offers a picturesque and serene living environment, making it an appealing option for those looking to escape the hustle and bustle of city life. The housing market in Mylestom is characterized by its relatively affordable property prices compared to larger nearby cities, providing an attractive opportunity for both families and retirees. With a range of properties from charming cottages to modern homes, the market appeals to diverse buyers. The village's proximity to the beach, coupled with its lush natural surroundings, has been driving increased interest, though the market remains less competitive than urban centers, allowing for a more relaxed purchasing process.

Living in Mylestom offers a unique blend of coastal and rural charm. Residents enjoy a peaceful lifestyle enriched by the natural beauty of both river and oceanfronts. The community is tight-knit and friendly, with local events and gatherings fostering a strong sense of belonging. The scenic Bellinger River provides opportunities for recreational activities such as fishing, kayaking, and canoeing, while nearby beaches are perfect for surfing or leisurely walks. Despite its small size, Mylestom is conveniently located near essential amenities in Bellingen town and the regional center of Coffs Harbour, allowing residents to enjoy the best of both worlds: tranquility and access to broader services and entertainment options.

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