Real Estate Schofields, NSW, 2762 Blacktown

Thinking about buying in Schofields? Now could not be a better time, with a whopping 10973 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,151,000 with prices in this suburb ranging from $96,000 to $77,463,000.

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Schofields Real Estate Market Outlook

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 Schofields 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 Schofields 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. Medium density in Schofields 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.