Thinking about buying in Meningie? Now could not be a better time, with 1356 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $326,000 with prices in this suburb ranging from $45,000 to $3,115,000. Meningie 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 | $210.00 |
Median Monthly Mortgage | $1007.50 |
Median Persons Per Bedroom | 0.65 |
Average Household Size | 2.00 |
Average Age | 53.50 |
Average Income | $589.00 |
Average Cars Per Dwelling | 1.77 |
Average Properties Within 50M | 7 |
1 Bed  $264,000 |
2 Bed  $388,000 |
3 Bed  $411,000 |
4 Bed  $631,000 |
5 Bed  $311,000 |
6 Bed+$306,000 |
In Meningie 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 Meningie 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 Meningie 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. Lower than average population density constrains growth in Meningie 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 Meningie 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.
lot 501 warrengie dr, meningie, sa, 5264 | Price: Contact Agent |
Meningie Area School
(While the above schools are located with the suburb of Meningie 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 | 0.6 | 14.8 | 28.3 | 32.9 | 81.0 | 5.0 | 26.6 |
Feb | 0.8 | 14.7 | 27.1 | 37.1 | 83.6 | 4.6 | 21.9 |
Mar | 0.7 | 13.1 | 25.2 | 38.6 | 85.1 | 4.2 | 17.9 |
Apr | 1.0 | 11.2 | 22.6 | 40.1 | 85.6 | 3.9 | 13.2 |
May | 1.6 | 9.3 | 18.5 | 48.9 | 86.6 | 4.1 | 9.7 |
Jun | 1.8 | 7.3 | 15.7 | 56.4 | 88.7 | 4.0 | 8.8 |
Jul | 2.2 | 6.9 | 15.3 | 54.7 | 87.6 | 4.6 | 9 |
Aug | 1.7 | 6.6 | 16.0 | 50.2 | 87.4 | 4.6 | 11.9 |
Sept | 1.6 | 7.6 | 19.0 | 43.2 | 87.7 | 4.6 | 16.0 |
Oct | 1.0 | 9.3 | 22.0 | 39.0 | 86.7 | 4.5 | 20.8 |
Nov | 0.7 | 11.3 | 24.8 | 32.6 | 83.0 | 4.8 | 24.3 |
Dec | 0.8 | 13.6 | 27.2 | 33.0 | 82.1 | 4.9 | 26.3 |
source: Australian Government Bureau of Meteorology
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