Thinking about buying in Greater Hume? Now could not be a better time, with just 174 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,431,000 with prices in this suburb ranging from $178,000 to $3,392,000. The aproximate distance to the coast is 249 Km.
| Median Weekly Rent | $166.50 |
| Median Monthly Mortgage | $1018.50 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 2.50 |
| Average Age | 40.50 |
| Average Income | $808.00 |
| Average Cars Per Dwelling | 2.50 |
| Average Properties Within 50M | 3 |
| 1 Bed $1,503,000 |
| 2 Bed $221,000 |
| 3 Bed $1,165,000 |
| 4 Bed $688,000 |
In Greater Hume there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Greater Hume 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 Greater Hume 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Greater Hume 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.
Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.2 | 14.5 | 33.6 | 20.1 | 80.1 | 3.1 | 26.9 |
| Feb | 2.0 | 14.2 | 31.4 | 28.4 | 87.4 | 2.7 | 23.4 |
| Mar | 1.7 | 11.3 | 27.6 | 34.1 | 91.5 | 2.4 | 18.5 |
| Apr | 1.2 | 7.1 | 23.0 | 42 | 95.4 | 1.9 | 14.4 |
| May | 1.4 | 3.5 | 17.4 | 55.9 | 98.5 | 2.0 | 9.9 |
| Jun | 1.3 | 1.9 | 14.1 | 66.7 | 98.8 | 1.8 | 8.5 |
| Jul | 1.6 | 1.6 | 13.1 | 69.2 | 99.2 | 2.4 | 8.4 |
| Aug | 1.6 | 2.0 | 14.3 | 61.6 | 98.8 | 2.4 | 11.3 |
| Sept | 1.4 | 3.4 | 17.9 | 52.7 | 98.1 | 2.6 | 16.2 |
| Oct | 1.9 | 5.6 | 22.0 | 42.6 | 97.2 | 2.7 | 21.3 |
| Nov | 1.2 | 8.5 | 27.3 | 28.3 | 93.8 | 3.1 | 25.1 |
| Dec | 1.5 | 11.5 | 30.4 | 22.5 | 87.3 | 3.2 | 27.5 |
source: Australian Government Bureau of Meteorology
| 02-02-2024 | $4,300,000 | 500 MOSSDALE RD |
| 30-01-2023 | $165,000 | 18 WALBUNDRIE RD |
| 08-09-2022 | $700,000 | 1656 HOPEFIELD RD |
| 01-10-2021 | $592,500 | 485 CARROLL LANE |
| 20-07-2021 | $160,000 | 9 CHARLES ST |
| 15-01-2021 | $500,000 | 1656 HOPEFIELD RD |
| 10-02-2020 | $6,000 | 22 KAVANAGH ST |
| 30-09-2019 | $198,000 | 21 CHARLES ST |
| 26-08-2019 | $180,000 | 13 CHARLES ST |
| 29-07-2019 | $877,719 | 310 MOREBRINGER LANE |
| 11-01-2019 | $230,000 | 37 OIL TREE LAGOON RD |
| 18-10-2018 | $150,000 | 11 CHARLES ST |
| 31-01-2018 | $1,875,000 | 385 CARROLL LANE |
| 22-06-2017 | $110,000 | 9 CHARLES ST |
| 14-11-2016 | $160,000 | 21 CHARLES ST |
| 21-10-2016 | $130,000 | 1679 BROCKLESBY-BALLDALE RD |
| 01-09-2016 | $275,000 | 163 STRACHANS RD |
| 02-02-2015 | $527,500 | 310 MOREBRINGER LANE |
| 26-02-2014 | $300,000 | 363 MOREBRINGER LANE |
| 03-02-2014 | $1,203,326 | 790 HOWLONG-BALLDALE RD |
| 19-03-2012 | $380,000 | 308 MOREBRINGER RD |
| 04-11-2011 | $55,000 | 20 KAVANAGH ST |
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