Thinking about buying in Five Mile? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
| Median Weekly Rent | $ |
| Median Monthly Mortgage | $ |
| Median Persons Per Bedroom | |
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| Average Income | $ |
| Average Cars Per Dwelling | |
| Average Properties Within 50M |
In Five Mile 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 Five Mile 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 Five Mile 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 Five Mile to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Five Mile we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Five Mile a better buying opportunity than it may have been in the past.
None within suburb boundary
(While the above schools are located with the suburb of Five Mile 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 | 3.6 | 26.4 | 40.5 | 24.4 | 76.4 | 3.4 | 25.7 |
| Feb | 2.3 | 25.6 | 39.8 | 24.2 | 75.5 | 3.1 | 25.0 |
| Mar | 3.5 | 25.1 | 38.1 | 27.2 | 74.8 | 2.8 | 21.3 |
| Apr | 0.6 | 22.0 | 36.4 | 18.3 | 55.9 | 2.8 | 19.8 |
| May | 0.6 | 16.6 | 30.4 | 20.9 | 57.5 | 3.0 | 17.3 |
| Jun | 0.4 | 13.7 | 27.6 | 21.7 | 60.9 | 2.9 | 15.9 |
| Jul | 0.2 | 12.4 | 28.0 | 19.5 | 59.7 | 2.6 | 17.0 |
| Aug | 0.0 | 12.8 | 31.0 | 12.6 | 49.6 | 2.6 | 20.3 |
| Sept | 0 | 17.0 | 35 | 9.0 | 41.1 | 3.1 | 24.1 |
| Oct | 0.2 | 22.9 | 40.2 | 9.9 | 45.6 | 3.2 | 26.7 |
| Nov | 0.3 | 24.1 | 41.0 | 10.5 | 52.3 | 3.3 | 29.3 |
| Dec | 1.3 | 26.2 | 42.8 | 13.6 | 59.5 | 3.6 | 29.2 |
source: Australian Government Bureau of Meteorology
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