Spring Terrace Real Estate, NSW, 2798 Cabonne

Thinking about buying in Spring Terrace? Now could not be a better time, with just 65 residential dwellings it's a highly sought after location.

Distance to the coast is 193 Km.

Spring Terrace Real Estate Market Outlook

In Spring Terrace 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. 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 Spring Terrace 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 Spring Terrace provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 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. Lower than average industry presence in Spring Terrace 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 Spring Terrace a better buying opportunity than it may have been in the past.

About

Local Schools


Spring Terrace Public School

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

Local Crime Rates


Average Local Climate by month


(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan2.113.127.939.693.91.622.0
Feb4.711.924.247.0951.818.7
Mar3.510.12250.795.71.615.4
Apr0.95.519.84596.01.414.0
May1.21.414.850.095.91.410.6
Jun1.40.911.658.996.21.48.6
Jul1.5-0.411.851.093.81.710.1
Aug2.2-0.412.445.393.61.912.4
Sept1.9216.540.694.31.816.4
Oct1.85.820.141.494.51.619.0
Nov2.77.723.334.792.32.023
Dec2.310.625.736.791.31.923.5

source: Australian Government Bureau of Meteorology

Recently Sold Properties / House Prices

04-05-2022 $1,325,000 1705 FOREST REEFS RD SPRING TERRACE 2798
14-12-2018 $640,000 1665 FOREST REEFS RD SPRING TERRACE 2798
14-12-2018 $2,900,000 54 WALDEGRAVE RD SPRING TERRACE 2798
15-11-2018 $215,000 7 WALDEGRAVE RD SPRING TERRACE 2798
19-10-2018 $820,000 215 SPRING TERRACE RD SPRING TERRACE 2798
27-07-2018 $700,000 614 FOREST RD SPRING TERRACE 2798
13-04-2018 $510,000 37 BAKERS RD SPRING TERRACE 2798
22-03-2017 $1,110,500 272 ORCHARD RD SPRING TERRACE 2798
05-12-2016 $535,000 42 COWRIGA RD SPRING TERRACE 2798
22-05-2015 $800,000 30 KELLY LANE SPRING TERRACE 2798
01-05-2015 $900,000 704 FOREST RD SPRING TERRACE 2798
15-12-2014 $645,000 1727 FOREST REEFS RD SPRING TERRACE 2798
06-06-2014 $315,000 1714 FOREST REEFS RD SPRING TERRACE 2798
04-12-2013 $645,000 314 WALDEGRAVE RD SPRING TERRACE 2798
10-08-2012 $625,000 29 KELLY LANE SPRING TERRACE 2798
15-06-2012 $450,000 42 COWRIGA RD SPRING TERRACE 2798
30-03-2011 $710,000 4 SPRING TERRACE RD SPRING TERRACE 2798
03-12-2010 $472,500 308 ORCHARD RD SPRING TERRACE 2798
10-03-2010 $515,000 1727 FOREST REEFS RD SPRING TERRACE 2798
25-09-2009 $400,000 365 WALDEGRAVE RD WALDEGRAVE 2798
18-09-2009 $249,000 1714 FOREST REEFS RD SPRING TERRACE 2798
04-09-2009 $305,000 276 WALDEGRAVE RD SPRING TERRACE 2798
07-05-2007 $380,000 42 COWRIGA RD SPRING TERRACE 2798
30-05-2006 $1,050,000 57 PILCHER RD SPRING TERRACE 2798
31-08-1992 $211,000 1705 FOREST REEFS RD SPRING TERRACE 2798

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