Real Estate St George, QLD, 4487 Balonne

Thinking about buying in St George? Now could not be a better time, with a whopping 2884 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $391,000 with prices in this suburb ranging from $51,000 to $3,675,000.

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St George Real Estate Market Outlook

In St George 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. Low average incomes in St George 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. The slightly lower than average earnings from occupations in St George changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in St George necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in St George 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 St George a better buying opportunity than it may have been in the past.