All About Bungaree, Moorabool, VIC, 3352
Bungaree, located in the Moorabool Shire of Victoria, presents a tranquil and community-oriented residential option for those looking to escape the hustle and bustle of city life. The housing market in Bungaree is characterized by its range of charming rural and semi-rural properties, which often come with larger land parcels compared to urban areas. This provides homeowners with the opportunity to enjoy spacious living within a serene environment. Although the market has seen gradual growth, property prices in Bungaree remain relatively affordable compared to larger cities like Melbourne. This makes it an attractive option for families, retirees, and anyone interested in a more relaxed lifestyle surrounded by nature.
Living in Bungaree offers a sense of peace and community that is highly valued by its residents. With a population that fosters close-knit relationships, newcomers can expect a warm welcome and the chance to immerse themselves in local activities and traditions. The town provides basic amenities and is situated conveniently close to Ballarat, allowing residents easy access to more extensive services, shops, and entertainment options. Bungaree's scenic landscapes are complemented by local attractions such as parks and walking trails, making it an ideal spot for outdoor enthusiasts. Overall, Bungaree offers a harmonious blend of rural living with the convenience of proximity to urban centers.
Household Makeup
| Median Weekly Rent | $175.00 |
| Median Monthly Mortgage | $1300.00 |
| Median Persons Per bed houseroom | 0.80 |
| Average Household Size | 3.00 |
| Average Age | 44.00 |
| Average Income | $728.00 |
| Average Cars Per Dwelling | 2.47 |
| Average Properties Within 50M | 1 |
| Typical 3 bed house | $933,000 |
| Typical 4 bed house | $996,000 |
| Typical 5 bed house | $2,381,000 |
Housing Stock
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Bungaree Real Estate Market Outlook
Thinking about buying in Bungaree? Now could not be a better time, with just 141 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,000,000 with prices in this suburb ranging from $148,000 to $2,381,000. The aproximate distance to the coast is 63 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Bungaree 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 Bungaree 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. Lower than average population density constrains growth in Bungaree to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Bungaree 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 ValuationLocal Schools
Bungaree Primary School
St Brendan's Primary School
(While the above schools are located with the suburb of Bungaree there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Bungaree weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 0.8 | 15.3 | 30.9 | 23.3 | 74.5 | 3.1 | 27.6 |
| Feb | 1.1 | 14.9 | 29.5 | 27.3 | 77.7 | 2.9 | 23.8 |
| Mar | 0.8 | 12.5 | 26.3 | 30.9 | 83.9 | 2.7 | 19.1 |
| Apr | 1.5 | 9.7 | 22.3 | 38.0 | 86.8 | 2.5 | 15.0 |
| May | 2.0 | 6.7 | 16.9 | 51.8 | 94.2 | 2.5 | 10.9 |
| Jun | 1.7 | 4.0 | 13.7 | 57.3 | 96.4 | 2.4 | 9.5 |
| Jul | 2.1 | 4.1 | 13.2 | 60.4 | 97.0 | 2.9 | 9.4 |
| Aug | 2.0 | 4.1 | 14.1 | 54.1 | 96.0 | 2.9 | 11.9 |
| Sept | 2.0 | 6.2 | 17.8 | 46.3 | 94.1 | 3.2 | 16.9 |
| Oct | 1.4 | 8.3 | 21.6 | 35.9 | 90.0 | 3.1 | 22.2 |
| Nov | 1 | 10.2 | 25.1 | 27.3 | 87.0 | 3.1 | 25.1 |
| Dec | 1.2 | 13.3 | 28.6 | 24.7 | 79.5 | 3.3 | 28.1 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Clare Golf Course - Greater then 10KM
Jim Barry Wines - Greater then 10KM
Nearby Suburbs
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