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Medway
NSW, 2577 - Wingecarribee

Thinking about buying in Medway? Now could not be a better time, with just 90 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,131,000 with prices in this suburb ranging from $123,000 to $6,955,000. The aproximate distance to the coast is 50 Km.

Household Makeup

Median Weekly Rent $392.75
Median Monthly Mortgage $2270.75
Median Persons Per Bedroom 0.68
Average Household Size 3.00
Average Age 49.75
Average Income $862.50
Average Cars Per Dwelling 2.36
Average Properties Within 50M 4

Housing Stock

Average Property Prices

3 Bed  $1,285,000
4 Bed  $1,518,000
5 Bed  $2,842,000
6 Bed+$343,000

Medway Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Medway 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. The slightly lower than average earnings from occupations in Medway changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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 Medway 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.

Houses for sale Medway

Ray White 494 MEDWAY RD, MEDWAY, NSW, 2577 Beds4 Bathrooms2 Parking 2 1350000

Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Medway there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Medway weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan3.617.626.758.697.63.619.8
Feb7.618.025.662.897.63.617.0
Mar5.215.624.658.297.53.414.2
Apr1.011.223.548.497.23.213.2
May3.89.420.150.892.63.910.0
Jun0.98.218.25291.73.99.7
Jul6.27.417.953.594.84.19.9
Aug4.17.019.042.589.44.612.8
Sept0.99.021.643.493.94.116.5
Oct3.712.222.95496.63.617.6
Nov1.213.225.847.3964.222.9
Dec2.416.324.757.596418

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

18-12-2023 $550,000 496 MEDWAY RD
20-03-2023 $1,950,000 106 LIEBMAN RD
09-05-2022 $3,000,000 298 MEDWAY RD
18-03-2022 $60,431,950 339 MEDWAY RD
22-10-2021 $1,090,000 2 RAILWAY PDE
13-10-2021 $415,000 494 MEDWAY RD
12-08-2021 $1,650,000 481 MEDWAY RD
26-07-2021 $853,500 22 RAILWAY PDE
21-05-2021 $1,300,000 486 MEDWAY RD
27-07-2020 $92,000 123 MEDWAY RD
19-03-2020 $699,000 504 MEDWAY RD
18-12-2018 $675,000 508 MEDWAY RD
15-10-2018 $725,000 465 MEDWAY RD
23-04-2018 $555,000 488 MEDWAY RD
08-02-2018 $1,500,000 298 MEDWAY RD
17-01-2018 $635,000 2 RAILWAY PDE
22-11-2017 $590,000 500 MEDWAY RD
09-06-2017 $3,410,000 65 LIEBMAN RD
19-08-2016 $445,000 510 MEDWAY RD
14-08-2015 $310,000 16 RAILWAY PDE
24-06-2015 $230,000 486 MEDWAY RD
20-03-2015 $855,000 299 MEDWAY RD
23-01-2015 $369,000 6 RAILWAY PDE
30-07-2014 $387,000 4 RAILWAY PDE
02-07-2014 $866,000 339 MEDWAY RD
15-04-2014 $335,000 10 RAILWAY PDE
09-01-2014 $475,000 423 MEDWAY RD
18-12-2013 $525,000 477 MEDWAY RD
30-05-2013 $419,000 20 RAILWAY PDE
15-04-2013 $760,000 425 MEDWAY RD
29-11-2012 $770,000 72 MEDWAY RD
29-11-2012 $2,440,000 66 LIEBMAN RD
28-09-2012 $525,000 136 LIEBMAN RD
14-09-2012 $135,000 500 MEDWAY RD
01-06-2011 $270,000 480 MEDWAY RD

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

New BerrimaBerrimaBelangloMandemarSutton ForestJoadjaBurradooMoss ValeBowralCanyonleigh

Public Transport


General Points of Interest

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