Real Estate Punchbowl, TAS, 7249 Launceston

Thinking about buying in Punchbowl? Now could not be a better time, with just 282 residential dwellings it's a highly sought after location.

The average property price for this area is $309,000 with prices in this suburb ranging from $44,000 to $1,393,000.

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Punchbowl 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. 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 Punchbowl due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Punchbowl provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Punchbowl necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.