Thinking about buying in Cape Barren Island? Now could not be a better time, with just 28 residential dwellings it's a highly sought after location. Cape Barren Island is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
| Median Weekly Rent | $ |
| Median Monthly Mortgage | $ |
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| Average Income | $ |
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| Average Properties Within 50M |
In Cape Barren Island 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Cape Barren Island due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Cape Barren Island 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 Cape Barren Island 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.
Cape Barren Island School
(While the above schools are located with the suburb of Cape Barren Island there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.9 | 14.9 | 20.6 | 65.4 | 89.7 | 7.2 | 23.2 |
| Feb | 1.0 | 15.4 | 21.2 | 62.0 | 87.8 | 6.7 | 20.4 |
| Mar | 2.3 | 14.3 | 20.2 | 58.1 | 82.4 | 6.6 | 15.4 |
| Apr | 1.8 | 12.5 | 18.0 | 58.2 | 81.5 | 6.2 | 11.0 |
| May | 1.6 | 10.8 | 15.9 | 58.8 | 80.0 | 6.4 | 7.4 |
| Jun | 1.9 | 9.1 | 14.0 | 65.0 | 85.9 | 6.2 | 6.3 |
| Jul | 2.0 | 8.5 | 13.4 | 64.0 | 84.8 | 6.7 | 7.0 |
| Aug | 1.0 | 8.1 | 13.5 | 63.2 | 86.0 | 6.4 | 9.8 |
| Sept | 1.0 | 9.3 | 14.6 | 65 | 89.7 | 7.2 | 14.8 |
| Oct | 1.5 | 10.4 | 15.9 | 57.5 | 81.2 | 7.3 | 18.8 |
| Nov | 1.8 | 12.1 | 17.9 | 65.7 | 91.3 | 6.5 | 21.7 |
| Dec | 1.6 | 13.1 | 19.4 | 50.6 | 73.2 | 7.1 | 25.0 |
source: Australian Government Bureau of Meteorology
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