The Flaxmere property market tends to comprise lower-value homes which offer relatively higher returns to investors. As such, the market is more susceptible to fluctuations in investor activity.
New housing developments in Flaxmere is lifting the average quality of houses sold. The area is seeing increased interest from developers who have been induced by incentives from local and central government.
Although affordability remains a constraint for many buyers, the combination of development activity, improved infrastructure, and ongoing investment interest continues to support value levels. Sales activity suggests a balanced market, with stable values and improved buyer confidence.
Flaxmere has historically been location sensitive, with the standard and presentation of housing improving toward the eastern end of the suburb, where values are typically slightly higher. That said, significant efforts have been made over the past decade to improve the appeal of Flaxmere, including new higher-quality development to the north-western fringe of the suburb and some infill developments, with positive flow-on effects being experienced across the community. There is a possibility of further development to the south-eastern fringe, which is likely to further lift the suburb.
Underlying demand from first-home buyers and investors remains, with more selection and less pressure from other buyers.
Our property valuers have a good understanding of the drivers in the Flaxmere market, from location to investment return, and would welcome the opportunity to assist when you next require a valuation in Flaxmere.
