Real Estate Pimlico, NSW, 2478 Ballina

Thinking about buying in Pimlico? Now could not be a better time, with just 260 residential dwellings it's a highly sought after location.

The average property price for this area is $1,938,000 with prices in this suburb ranging from $354,000 to $16,589,000.

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Pimlico Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Pimlico 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. A mix of professions and above average income earners in Pimlico provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Pimlico to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Pimlico we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Pimlico a better buying opportunity than it may have been in the past.