Postcode: 2480, NSW - Sale Price Report
Posted on November 15, 2023 • 12 minutes • 2412 words
Property analysis sections
Welcome
Welcome to the Property Panther 2480 postcode sale price report! We value your feedback. Please take a moment to complete our survey and help us improve our property analysis.
Who is this useful for?
Home Buyers:
Understand property affordability in your preferred suburb. Get a detailed breakdown of property types and prices, market dynamics including time on market and transaction volume.
Investors:
Use our report to determine the right time to invest. Gain a comprehensive view of property demand, transaction volume, and current market situation to guide your strategies.
Sellers:
Get insights on potential selling time based on market trends. Understand market pace from ‘Time On Market’ and ‘Transaction Volume’, and learn to price your property competitively from ‘Property Price’.
Location Overview
Welcome to postcode 2480 in NSW, where you’ll find an eclectic mix of vibrant suburbs like Lismore, East Lismore, and Nimbin. Embrace a laid-back lifestyle surrounded by beautiful countryside, diverse housing options, and a thriving arts and music scene.
Last Month Property Summary
The real estate market in 2480, NSW seems to be favoring sellers as the median days on market decreased from 67 to 51, while the median sold price increased from $550,000 to $565,000, and the number of new sold listings remained consistent with 77.
Property Type Breakdown
In postcode 2480 in NSW Australia, the property stock is diverse, with houses comprising the majority of sale listings at 53%, followed by vacant land at 18%, providing ample opportunities for those looking to build their dream home or invest in new developments. Additionally, rural properties make up 10% of the listings, offering a chance to embrace a peaceful countryside lifestyle, while acreage and semi-rural properties account for 7%, presenting a unique blend of spacious living and convenience. With the remaining 12% shared between new house & land packages, apartments/units/flats, and other property types, there is something for everyone in this vibrant postcode.
Property Demand - Time On Market
Looking at the number of days it takes to sell a property is a good indicator of the amount of demand in a market because it shows how quickly properties are being purchased, reflecting interest and competition among buyers.
Time On Market - Overall
This chart shows how many properties were sold in postcode 2480 during the month of September. Each bar in the chart represents a range of days that properties were up for sale before they were sold. Properties that were on the market for more than 200 days are not included.
The average monthly change in the Days on Market for properties in postcode 2480 during the period shown below was 1 days.
This chart shows the trend of Days on Market over time. Each point on the line represents the average number of days a property was on the market before being sold in a particular month.
Time On Market - By Property Type
Time On Market - By Suburb
Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
Property Price
Price - Overall
This chart shows the distribution of property sale prices in postcode 2480 during the month of September. Each bar in the chart represents a range of prices for properties sold.
The average monthly change in the median sold price of properties in postcode 2480 during the period shown below was $-7391. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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