Thinking about buying in Nicholson? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
Distance to the coast is 101 Km.
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 Nicholson due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Nicholson changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Nicholson to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Nicholson 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|
|18 SOUTHON TCE, NICHOLSON, VIC, 3882||$245,000 NEW PRICE|
|215 NICHOLSON-SARSFIELD RD, NICHOLSON, VIC, 3882||$465,000|
None within suburb boundary(While the above schools are located with the suburb of Nicholson there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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