Macarthur, a small town located in the Moyne Shire of Victoria, offers a unique slice of rural Australian life, characterized by its serene landscapes and tight-knit community. The housing market in Macarthur is relatively affordable compared to urban centers, making it an attractive option for families and individuals looking to escape the hustle and bustle of city life. The properties available here primarily consist of spacious single-family homes on large lots, providing ample space for gardening, outdoor activities, and privacy. Although the market is relatively stable, potential buyers can benefit from affordable prices and the potential for gradual appreciation as demand for rural lifestyle properties grows.
Living in Macarthur means embracing a slower pace of life, surrounded by natural beauty and simple pleasures. The town offers essential amenities, including shops, a primary school, and community centers, while the nearby towns like Hamilton and Port Fairy provide access to a broader range of services and entertainment options. Residents enjoy a strong sense of community, with local events and gatherings fostering connections among neighbors. The area is perfect for those who appreciate outdoor recreational activities, such as fishing, bushwalking, and birdwatching, thanks to its proximity to the Mount Eccles National Park and Eumeralla River. Overall, Macarthur offers a peaceful and fulfilling lifestyle, with the charm of a small-town atmosphere and the convenience of modern-day amenities within reach.
Median Weekly Rent | $120.00 |
Median Monthly Mortgage | $737.00 |
Median Persons Per bed houseroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 57.00 |
Average Income | $463.00 |
Average Cars Per Dwelling | 1.79 |
Average Properties Within 50M | 2 |
Typical 1 bed house | $286,000 |
Typical 2 bed house | $320,000 |
Typical 3 bed house | $742,000 |
Typical 4 bed house | $1,238,000 |
Typical 5 bed house | $286,000 |
Typical 6 bed+ house |
Housing Stock
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Thinking about buying in Macarthur? Now could not be a better time, with just 385 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $456,000 with prices in this suburb ranging from $20,000 to $4,961,000. The aproximate distance to the coast is 18 Km.
Consistent high demand relative to supply is a key feature in Macarthur driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Macarthur due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Macarthur provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Macarthur to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Macarthur 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.
Instant Property Valuation11 Russell Street, Macarthur, VIC, 3286 | 3 | 2 | 1 | Price Range $370,000 to $390,000 |
Macarthur Primary School
(While the above schools are located with the suburb of Macarthur 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 | 1.2 | 14.2 | 23.2 | 54.4 | 87.0 | 5.2 | 24.9 |
Feb | 1.2 | 14.7 | 22.3 | 61.5 | 90.8 | 5.0 | 20.8 |
Mar | 1.3 | 13.3 | 21.6 | 59.0 | 91.0 | 4.6 | 16.0 |
Apr | 1.8 | 11.2 | 19.4 | 58.0 | 91.5 | 4.5 | 11.4 |
May | 2.6 | 9.3 | 16.8 | 61.6 | 92.3 | 4.3 | 8.4 |
Jun | 2.3 | 7.1 | 14.6 | 66.1 | 94.6 | 3.9 | 7.2 |
Jul | 2.9 | 6.9 | 14.1 | 67.2 | 94.8 | 4.3 | 7.3 |
Aug | 2.5 | 7.3 | 14.9 | 62.6 | 94.0 | 5.2 | 10.2 |
Sept | 2.2 | 8.5 | 17 | 57.1 | 91.8 | 5.2 | 14.8 |
Oct | 1.7 | 9.9 | 18.7 | 59.1 | 91.4 | 5.2 | 19.3 |
Nov | 1.3 | 11.2 | 19.9 | 57.9 | 91.0 | 5.3 | 22.3 |
Dec | 1.6 | 12.9 | 22.1 | 56.4 | 90.1 | 5.3 | 26.2 |
source: Australian Government Bureau of Meteorology
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