Thinking about buying in Lake Munmorah? Now could not be a better time, with 2914 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $714,000 with prices in this suburb ranging from $46,000 to $11,000,000. Lake Munmorah is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $391.00 |
Median Monthly Mortgage | $1828.60 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 3.00 |
Average Age | 38.60 |
Average Income | $753.20 |
Average Cars Per Dwelling | 2.08 |
Average Properties Within 50M | 17 |
1 Bed  $586,000 |
2 Bed  $602,000 |
3 Bed  $718,000 |
4 Bed  $871,000 |
5 Bed  $952,000 |
6 Bed+$836,000 |
In Lake Munmorah 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 Lake Munmorah 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 Lake Munmorah 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 Lake Munmorah 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.
St Brigid's Catholic College
St Brendan's Catholic Primary School
Lake Munmorah High School
Lake Munmorah Public School
(While the above schools are located with the suburb of Lake Munmorah 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 | 2.0 | 18.9 | 30.1 | 48.1 | 93.6 | 4.6 | 24.5 |
Feb | 3.3 | 18.6 | 28.3 | 52.7 | 94.5 | 4.2 | 20.7 |
Mar | 5.1 | 17.4 | 26.8 | 54.2 | 95 | 4.1 | 16.6 |
Apr | 4.4 | 13.7 | 24.5 | 51.6 | 95.8 | 3.6 | 14.4 |
May | 2.6 | 10.0 | 21.0 | 49.3 | 93.8 | 4.0 | 11.3 |
Jun | 4.8 | 8.7 | 18.2 | 54.4 | 94.2 | 4.3 | 9.5 |
Jul | 2.3 | 6.8 | 18.3 | 46.1 | 91.9 | 4.5 | 10.8 |
Aug | 1.8 | 6.8 | 19.8 | 38.5 | 91.6 | 4.5 | 13.7 |
Sept | 2.0 | 9.4 | 23.0 | 37.0 | 92.5 | 4.3 | 18.2 |
Oct | 2.4 | 12.2 | 24.8 | 41.5 | 93.0 | 4.4 | 21.3 |
Nov | 2.5 | 15.5 | 26.9 | 46.8 | 93.7 | 4.4 | 24 |
Dec | 2.5 | 17.3 | 28.2 | 47.8 | 93.3 | 4.6 | 24.8 |
source: Australian Government Bureau of Meteorology
01-11-2024 | $690,000 | 3 LAWVER CRES |
31-10-2024 | $799,990 | 25 LAUREN AVE |
31-10-2024 | $525,000 | 1 / 36 ELIZABETH BAY DR |
30-10-2024 | $800,000 | 14 BORONIA RD |
28-10-2024 | $803,000 | 13 FORTUNE CRES |
16-10-2024 | $667,500 | 5 BLACKSBURG CT |
15-10-2024 | $775,000 | 23 DEAKIN AVE |
14-10-2024 | $675,000 | 1 / 16 MERCATOR CL |
11-10-2024 | $770,000 | 16 ROSEMOUNT AVE |
10-10-2024 | $665,000 | 12 WOODBRIDGE CRES |
09-10-2024 | $325,000 | 13 WALLABY RD |
02-10-2024 | $875,000 | 1 DIANNE AVE |
25-09-2024 | $669,000 | 3 BORONIA RD |
20-09-2024 | $1,350,000 | 32 KAMILAROO AVE |
18-09-2024 | $835,000 | 11 BODALLA RD |
17-09-2024 | $1,050,000 | 20 CLARENCE ST |
16-09-2024 | $738,500 | 130 ELIZABETH BAY DR |
10-09-2024 | $902,000 | 44 LAKEWAY DR |
04-09-2024 | $725,000 | 13 DELAVIA DR |
26-08-2024 | $650,000 | 42 LAKEWAY DR |
20-08-2024 | $905,000 | 5 MERCATOR CL |
19-08-2024 | $730,000 | 8 KEMIRA RD |
14-08-2024 | $691,000 | 10 BODALLA RD |
12-08-2024 | $682,500 | 3 ROANOKE DR |
06-08-2024 | $671,000 | 24 WOODBRIDGE CRES |
30-07-2024 | $660,000 | 15 RADFORD PL |
22-07-2024 | $1,000,000 | 14 ANDREW ST |
22-07-2024 | $705,000 | 30 WOODBRIDGE CRES |
19-07-2024 | $762,000 | 23 ANTHONY ST |
15-07-2024 | $842,560 | 17 BORONIA RD |
12-07-2024 | $1,220,000 | 146 ANITA AVE |
11-07-2024 | $800,000 | 15 KAMILAROO AVE |
10-07-2024 | $671,000 | 2 WOODBRIDGE CRES |
09-07-2024 | $750,000 | 41 ACACIA AVE |
08-07-2024 | $955,000 | 8 BODALLA RD |
01-07-2024 | $780,000 | 39 DIANNE AVE |
01-07-2024 | $830,000 | 38 LAUREN AVE |
01-07-2024 | $705,000 | 30 KAMILAROO AVE |
28-06-2024 | $750,000 | 1 LAKEWAY DR |
25-06-2024 | $811,000 | 11 KAMILAROO AVE |
21-06-2024 | $680,000 | 21 HARTOG AVE |
17-06-2024 | $640,000 | 12 BUDGEREE AVE |
17-06-2024 | $650,000 | 2 CAROL CL |
14-06-2024 | $685,000 | 5 COVINGTON CT |
07-06-2024 | $710,000 | 12 DEAKIN AVE |
06-06-2024 | $920,000 | 6 MERCATOR CL |
04-06-2024 | $602,500 | 660 PACIFIC HWY |
27-05-2024 | $715,000 | 61 LAKEWAY DR |
23-05-2024 | $685,000 | 11 SOHRABI PL |
17-05-2024 | $873,000 | 1 ALISTER AVE |
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