Thinking about buying in East Feluga? Now could not be a better time, with just 180 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $464,000 with prices in this suburb ranging from $131,000 to $908,000. East Feluga is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In East Feluga 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 East Feluga 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 East Feluga 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. High density population in East Feluga requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. With very low industrial sector presence in East Feluga 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.
856 east feluga rd, east feluga, qld, 4854 | 3 | 1 | 2 | $520,000 |
Feluga State School
(While the above schools are located with the suburb of East Feluga 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 | 16.4 | 23.3 | 31.5 | 61.7 | 96.5 | 1.9 | 21.6 |
Feb | 14.7 | 23.2 | 31.8 | 55.0 | 88.3 | 1.7 | 20.7 |
Mar | 20.2 | 23 | 30.5 | 61.2 | 92.0 | 1.9 | 19.0 |
Apr | 9.6 | 21.2 | 28.7 | 60.9 | 93.5 | 2.3 | 17.3 |
May | 9.7 | 19.3 | 26.4 | 65.2 | 96.3 | 2.4 | 15.1 |
Jun | 6.2 | 17.1 | 24.8 | 63.4 | 96.4 | 2.3 | 14.4 |
Jul | 4.7 | 16.3 | 24.5 | 60.2 | 96.4 | 2.2 | 15.5 |
Aug | 2.8 | 15.5 | 25.5 | 53.3 | 96.6 | 2.1 | 17.8 |
Sept | 2.7 | 17.3 | 27.4 | 53.0 | 96.2 | 2.2 | 21.2 |
Oct | 3.8 | 19.2 | 29.0 | 53.4 | 95.8 | 2.2 | 23.6 |
Nov | 3.1 | 21.1 | 30.6 | 50.2 | 88.9 | 2.1 | 25.2 |
Dec | 8.8 | 22.5 | 31.4 | 52.5 | 88.1 | 2.1 | 24.4 |
source: Australian Government Bureau of Meteorology
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