Thinking about buying in Relbia? Now could not be a better time, with just 349 residential dwellings it's a highly sought after location.
The average property price for this area is $1,261,000 with prices in this suburb ranging from $528,000 to $1,944,000.Distance to the coast is 47 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Relbia due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Relbia classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Relbia requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$|
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|Average Properties Within 50M||5.00|
|57 CALEDONIA DR, RELBIA, TAS, 7258||$998,000 Negotiable|
|75 CALEDONIA DR, RELBIA, TAS, 7258||7||3||10||$2,500,000|
None within suburb boundary(While the above schools are located with the suburb of Relbia 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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