Thinking about buying in Lower Tully? Now could not be a better time, with just 111 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $494,000 with prices in this suburb ranging from $167,000 to $992,000. Lower Tully is located fairly close to the coast at just 2Km 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 | $305.00 |
Median Monthly Mortgage | $1304.00 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 2.00 |
Average Age | 53.00 |
Average Income | $583.00 |
Average Cars Per Dwelling | 1.95 |
Average Properties Within 50M | 1 |
3 Bed  $644,000 |
In Lower Tully 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 Lower Tully 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 Lower Tully 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 Lower Tully 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 Lower Tully 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.
55 marron rd, lower tully, qld, 4854 | $350,000 |
Lower Tully State School
(While the above schools are located with the suburb of Lower Tully 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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