Thinking about buying in New Valley? 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 $751,000 with prices in this suburb ranging from $751,000 to $751,000.Distance to the coast is 163 Km.
In New Valley 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 New Valley 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 New Valley 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 New Valley 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.
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|Average Properties Within 50M||1.00|
None within suburb boundary(While the above schools are located with the suburb of New Valley there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
|06-04-2022||$850,000||335 HILTON RD NEW VALLEY 2365|
|09-11-2021||$1,150,000||1415 JUNCTION RD NEW VALLEY 2365|
|14-07-2021||$385,000||1142 NEW VALLEY RD NEW VALLEY 2365|
|06-10-2020||$1,165,000||891 JUNCTION RD NEW VALLEY 2365|
|20-08-2020||$645,000||1178 MOREDUN DAMS RD NEW VALLEY 2365|
|31-07-2017||$917,500||891 JUNCTION RD NEW VALLEY 2365|
|24-05-2017||$480,000||1415 JUNCTION RD NEW VALLEY 2365|
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