Suffolk Park 2481 Property Market

Suffolk Park NSW Property Market

Suffolk Park is a charming residential area dotted with cafes, restaurants, a pub, and a popular bakery. It had humble beginnings as a big caravan park and camping site. However, due to its proximity to Tallows Beach, it quickly became a popular residential area.

With the spread of urban development, Suffolk Park’s residential occupancy increased and by 2016 numbers had soared to over 3,750 people calling this town home!

These days, Suffolk Park is known for its family-friendly relaxation spots and advocates a quieter, serene lifestyle. However, many career-orientated individuals have also set up camp in this suburb so that they can truly enjoy the best of both worlds.

It’s the perfect place for people to settle down in. So, if you’re looking for a Suffolk Park buyer’s agent to help you find your dream home, Savvy Fox is here to help!

Suffolk Park Lifestyle

As many buyers advocates in Suffolk Park will tell you, this quaint little suburb introduces beachside living at its finest. Suffolk Park is in close proximity to Broken Head Beach, which is a treasure trove of fishing opportunities to long rod beach fisherman. This gives city dwellers the chance to escape to long stretches of white sand and surf worth travelling for.

Byron Bay is also an arm’s length away and another firm favourite in the local community. The beach provides ample entertainment opportunities for the whole family and is a nature lover’s paradise.

Since the suburb is relatively tiny, Suffolk Park is known for the strong networks that form between its residents, which gives the suburb a true sense of community.

The suburb’s atmosphere is low key and relaxed, which can be the perfect environment in which to raise a family or to focus on one’s career. Suffolk Park is home to individuals in all walks of life, from retirees, professional couples, career-focused individuals and families.

Geolocation Factors

Suffolk Park is only an 8-minute drive away from Byron Bay, which lies right next to Tallows Beach. The suburb itself is nestled between the headlands of Cape Byron and Broken Head Beach. This means that you have plenty of options to choose from when it comes to your afternoon surfing session.

Tallow Creek, which is part of Arakwal National Park, is also nearby and gives residents the chance to canoe on the lagoon on a lazy Sunday afternoon.

Suffolk Park is near both private and public schools, houses two parks, lots of eateries, a post office, newsagent, chemist and numerous entertainment activities.

The nearest airport, Ballina Airport (BNK), is only a 26-minute drive away from Suffolk Park. This makes local or international travel a breeze!

Property Statistics

The following data (taken from Property Value) gives an overview of the median sale prices in Suffolk Park.

Units

Median sale price for units: $805k

Median price change (1yr): 5.44%

Median rent: $660 per week

Median gross yield: 4.3%

Houses

Median sale price for houses: $1.2 million

Median price change (1yr): 9.09%

Median rent: $850 per week

Median gross yield: 3.7%

In 2016, 63.3% of residential properties in Suffolk Park were owner-occupied. Approximately 28% of homes are fully owned and 32.5% are in the process of being purchased through home loan mortgages. 35.8% of homes in Suffolk Park are being rented.

This trend shows a preference for buying property in Suffolk rather than renting it in the area.

Suffolk Park Demographics

Despite being a very small area, stretching over about 4.4 square kilometres, Suffolk Park has an ever-increasing population. In 2011, the suburb housed 3,468 people, which increased to 3,751 by 2016 indicating a population growth rate of 8.2% in this area.

Suffolk Park’s predominant age group is between 40 – 49 years and households primarily consist of couples with children. Most individuals in Suffolk Park work in a professional occupation.

Suffolk Park Buyers Agent

Buyers Advocate Suffolk Park

Suffolk Park is a charming place to live with a close-knit community and many things to do in the area. It’s the ideal location to begin your family or focus on your professional career in a relaxing, wholesome environment.

If you’re interested in buying property in Suffolk and are looking for a trustworthy Suffolk Park Buyers Agent, be sure to contact Savvy Fox today.

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