Real Estate Nyrang Creek, NSW, 2804 Cabonne

Thinking about buying in Nyrang Creek? Now could not be a better time, with just 20 residential dwellings it's a highly sought after location.

Distance to the coast is 234 Km.

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Nyrang Creek Real Estate Market Outlook

In Nyrang Creek 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 Nyrang Creek 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 Nyrang Creek 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 Nyrang Creek 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.

About

Household makeup

Median Weekly Rent $280.00
Median Monthly Mortgage $1580.00
Median Persons Per Bedroom 0.70
Average Household Size 3.00
Average Age 41.00
Average Income $832.00
Average Cars Per Dwelling 2.96
Average Properties Within 50M 1.00

Housing Stock


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Nyrang Creek there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average


Nyrang Creek weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.115.533.623.082.63.627.2
Feb2.715.030.232.086.43.523.1
Mar2.712.326.938.190.93.118.4
Apr1.37.322.342.794.72.614.9
May1.23.017.450.696.62.511.1
Jun2.02.113.961.597.42.59.1
Jul1.90.613.261.398.72.49.4
Aug1.30.514.552.698.12.612.4
Sept1.62.318.344.996.22.917.4
Oct1.45.723.136.794.43.122.3
Nov2.89.627.230.691.73.125.0
Dec2.212.730.424.585.13.427.9

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

19-07-2022 $3,294,658 1195 NANGAR RD NYRANG CREEK 2804
17-01-2022 $200,000 257 LAWRENCES RD NYRANG CREEK 2804
09-09-2020 $1,071,800 2804 FISH FOSSIL DR NYRANG CREEK 2804
01-02-2018 $1,071,818 2804 FISH FOSSIL DR NYRANG CREEK 2804
14-09-2017 $612,000 255 LAWRENCES RD NYRANG CREEK 2804
10-12-2014 $1,819,823 181 BREENS RD NYRANG CREEK 2804
31-01-2014 $1,000,000 1166 FISH FOSSIL DR NYRANG CREEK 2804
22-11-2006 $1,150,000 1195 NANGAR RD NYRANG CREEK 2804

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Nearby Suburbs

CanowindraMoorbelBillimariGooloogongMurgaPaytens BridgeEugowraToogongCargoCudal


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