For anyone that currently owns a property in Burradoo and anyone looking to buy a property in Burradoo it is important to look at the numbers to get a true understanding of the quality and value of the Burradoo residential property market.
It may only have been last month that Council acknowledged the unofficial boundaries of Burradoo with a sign erected at the north and south ends of Moss Vale Road, but it has always been acknowledged as one of the premier residential property locations in the Southern Highlands.
The size of residential blocks in Burradoo has been changing over recent years with a number of the larger home and garden blocks being subdivided. But even with those subdivisions I would consider the average size of a residential block in Burradoo remains a sizeable one acre.
That level of personal space, the enviable canopy of mature trees and quiet streets combined with such easy access to the Bowral town centre and amenities including the Pony Club, Chevalier and Oxley schools, Eridge Park and the bike track all contribute to the appeal of Burradoo as a great place to retire or raise a family.
And residential property prices certainly reinforce the reality that Burradoo is a prestige Southern Highlands suburb.
In reviewing the historic numbers for the latest issue of McKillop Magazine it was very evident that a very consistent level of demand exists for property in Burradoo. Over the last three years an average of 25 properties have sold in Burradoo every quarter, with a record 31 changing hands in the second quarter of 2016.
The average price for a home in Burradoo is $1,300,000 but that obviously doesn’t highlight the huge variety of properties within the suburb. Many have been restored, renovated and modernised and therefore attract a price premium with over $4 million secured for a listing in 2015 however opportunities also still exist to secure a slightly older property with potential to add real value.
And in terms of value Burradoo has achieved 7.66% growth over the 12 months to November 2016 which is on par with capital city home values nationally which have delivered 7.5% growth.
So if you are looking for a forever home with space, privacy, proximity and still with the potential to make a profit in the long term then buying a property in Burradoo represents a great option.
- See more at: http://blog.mckillopproperty.com.au/real-estate-southern-highlands/the-facts-on-burradoo#sthash.8jv6xi4J.dpuf