Thinking about buying in Malanda? Now could not be a better time, with 1753 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $729,000 with prices in this suburb ranging from $116,000 to $4,578,000. The aproximate distance to the coast is 36 Km.
Median Weekly Rent | $254.30 |
Median Monthly Mortgage | $1353.10 |
Median Persons Per Bedroom | 0.81 |
Average Household Size | 2.30 |
Average Age | 50.30 |
Average Income | $608.00 |
Average Cars Per Dwelling | 1.88 |
Average Properties Within 50M | 11 |
1 Bed  $328,000 |
2 Bed  $454,000 |
3 Bed  $715,000 |
4 Bed  $759,000 |
5 Bed  $798,000 |
6 Bed+$858,000 |
In Malanda 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 Malanda 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. A mix of professions and above average income earners in Malanda provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Malanda necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Malanda 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 Malanda a better buying opportunity than it may have been in the past.
1 heale st, malanda, qld, 4885 | 3 | 1 | 2 | ||
17 dowling st, malanda, qld, 4885 | 4 | 2 | 4 | $650,000 negotiable | |
9 bernard st, malanda, qld, 4885 | 2 | 1 | 2 | Offers Over $395,000 |
Malanda State High School
Malanda State School
(While the above schools are located with the suburb of Malanda 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 | 8.2 | 21.5 | 31.3 | 51.1 | 94.0 | 2.9 | 21.4 |
Feb | 7.1 | 21.4 | 30.9 | 52.3 | 94.3 | 2.8 | 21.2 |
Mar | 4.8 | 21.0 | 29.9 | 55.4 | 94.4 | 3.0 | 19.7 |
Apr | 1.2 | 19.2 | 28.7 | 51.0 | 90.8 | 4.0 | 19.4 |
May | 0.6 | 17.3 | 26.9 | 51.6 | 90.4 | 4.0 | 17.2 |
Jun | 0.5 | 15.4 | 25.6 | 51.3 | 91.6 | 3.8 | 16.2 |
Jul | 0.2 | 14.5 | 25.3 | 48.3 | 90.4 | 3.9 | 17.3 |
Aug | 0.1 | 14.2 | 26.6 | 40.8 | 90.3 | 3.7 | 19.3 |
Sept | 0.1 | 15.5 | 28.9 | 35.8 | 90.1 | 3.4 | 23.1 |
Oct | 0.7 | 17.4 | 30.4 | 37.0 | 90.0 | 3.4 | 25.1 |
Nov | 1.8 | 19.2 | 31.3 | 41.3 | 90.4 | 3.1 | 25.8 |
Dec | 3.2 | 20.7 | 32.3 | 43.2 | 92.0 | 3.0 | 25.0 |
source: Australian Government Bureau of Meteorology
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