Turrawan NSW 2390: Property Market Report & Real Estate Insights

Part of Narrabri, NSW

Turrawan Real Estate Market Outlook

Thinking about buying in Turrawan? Now could not be a better time, with just 106 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,370,000 with prices in this suburb ranging from $755,000 to $2,978,000. The approximate distance to the coast is 292 Km.

Living in Turrawan

In Turrawan 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 Turrawan 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. Low average earnings from people in Turrawan leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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. With very low industrial sector presence in Turrawan the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

Turrawan, a small locality in the Narrabri Shire of New South Wales, offers a unique living experience characterized by its rural charm and tight-knit community atmosphere. The housing market in Turrawan is relatively modest, reflecting its status as a rural area. Homes tend to be more affordable compared to larger urban centers, making it an attractive option for those seeking a quieter lifestyle or retirees looking to enjoy the tranquility of the countryside. With primarily single-family homes, the market here is less competitive, allowing potential buyers to take their time in selecting the perfect property. While the choice of properties might be limited, the peace and serenity of the area more than compensate for this, providing a beautiful setting amid vast agricultural landscapes.

Living in Turrawan is marked by a strong sense of community, where neighbors know each other and partake in local events and activities. The lifestyle is predominantly rural, with agriculture playing a significant role in the local economy and daily life. Residents enjoy the benefits of being close to nature, with plenty of opportunities for outdoor activities like hiking, fishing, and bird watching. Despite its rural setting, Turrawan is not entirely isolated; the amenities of Narrabri are within reasonable driving distance, offering access to schools, healthcare, and shopping. This blend of seclusion and connectivity makes Turrawan an appealing choice for those who appreciate a slower pace of life, surrounded by the natural beauty and the friendliness of a small community.

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