Thinking about buying in Merungle Hill? Now could not be a better time, with just 223 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $408,000 with prices in this suburb ranging from $37,000 to $6,373,000. The aproximate distance to the coast is 354 Km.
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In Merungle Hill 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 Merungle Hill 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 Merungle Hill 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. 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 Merungle Hill 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.
Yanco Public School
St Francis De Sales Regional College
Gralee School
(While the above schools are located with the suburb of Merungle Hill 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 | 1.1 | 19.0 | 34.6 | 20.0 | 66.0 | 4.3 | 28.2 |
Feb | 1.4 | 18.6 | 32.6 | 26.7 | 70.3 | 4.0 | 24.1 |
Mar | 2.5 | 15.7 | 28.8 | 33.7 | 79.3 | 3.6 | 19.4 |
Apr | 1.1 | 11.6 | 24.3 | 36.7 | 83.4 | 3.0 | 15 |
May | 0.7 | 7.2 | 18.9 | 46.5 | 91.2 | 3.0 | 11.3 |
Jun | 1.4 | 5.4 | 15.2 | 59.4 | 96.6 | 2.9 | 9.0 |
Jul | 1.1 | 5.0 | 14.6 | 57.4 | 94.3 | 3.1 | 9.4 |
Aug | 1.2 | 5.2 | 16.2 | 48.7 | 93.2 | 3.3 | 12.3 |
Sept | 0.4 | 7.0 | 20.8 | 34.2 | 83.1 | 3.8 | 17.8 |
Oct | 1.3 | 10.8 | 24.9 | 31.5 | 82.6 | 3.8 | 21.7 |
Nov | 1.2 | 14.3 | 29.1 | 24.6 | 77.4 | 3.9 | 26.0 |
Dec | 1.6 | 16.9 | 31.5 | 22.6 | 71.1 | 4.2 | 28.8 |
source: Australian Government Bureau of Meteorology
04-10-2024 | $590,000 | 312 STRINGER RD |
04-07-2024 | $510,000 | 409 STRINGER RD |
18-04-2024 | $415,000 | 3 QUALITARY RD |
25-01-2024 | $700,000 | 289 MERUNGLE HILL RD |
01-03-2023 | $725,000 | 249 MERUNGLE HILL RD |
04-11-2022 | $840,000 | 5 QUALITARY RD |
10-06-2022 | $800,000 | 75 MCKAY RD |
25-05-2022 | $175,000 | 379 STRINGER RD |
10-12-2021 | $200,000 | 412 MERUNGLE HILL RD |
24-11-2021 | $730,000 | 347 REGULATOR RD |
09-08-2021 | $550,000 | 84 TABAIN RD |
24-05-2021 | $90,000 | 9 QUALITARY RD |
13-04-2021 | $145,000 | 3 QUALITARY RD |
17-02-2021 | $215,000 | 183 MERUNGLE HILL RD |
29-01-2021 | $645,000 | 94 DUFFY RD |
01-10-2020 | $428,000 | 41 DEVERIL RD |
18-09-2020 | $135,000 | 381 STRINGER RD |
08-09-2020 | $127,000 | 4 QUALITARY RD |
28-08-2020 | $79,500 | 13 TABAIN RD |
24-07-2020 | $430,000 | 409 STRINGER RD |
03-02-2020 | $345,000 | 193 CANAL RD |
09-10-2019 | $87,500 | 3 QUALITARY RD |
30-08-2019 | $315,000 | 99 DEVERIL RD |
08-08-2019 | $295,500 | 11 QUALITARY RD |
26-06-2019 | $312,000 | 91 DEVERIL RD |
22-05-2019 | $230,000 | 414 STRINGER RD |
10-05-2019 | $545,000 | 125 CANAL RD |
04-02-2019 | $235,000 | 219 STRINGER RD |
18-01-2019 | $580,000 | 374 STRINGER RD |
07-12-2018 | $224,400 | 672 MERUNGLE HILL RD |
24-08-2018 | $290,000 | 299 MERUNGLE HILL RD |
26-04-2018 | $90,000 | 12 QUALITARY RD |
22-02-2018 | $340,000 | 84 TABAIN RD |
31-01-2018 | $385,000 | 274 TABAIN RD |
30-06-2017 | $500,000 | 291 STRINGER RD |
26-05-2017 | $397,000 | 409 STRINGER RD |
22-03-2017 | $430,000 | 441 MERUNGLE HILL RD |
17-01-2017 | $385,000 | 8 DEVERIL RD |
21-12-2016 | $275,000 | 397 STRINGER RD |
14-12-2016 | $325,000 | 17 LEWIS RD |
19-08-2016 | $190,000 | 2 QUALITARY RD |
15-08-2016 | $242,500 | 304 TABAIN RD |
22-07-2016 | $85,000 | 41 DEVERIL RD |
03-06-2016 | $78,000 | 12 QUALITARY RD |
22-12-2015 | $248,000 | 91 DEVERIL RD |
04-11-2015 | $303,000 | 290 TABAIN RD |
22-10-2015 | $77,500 | 3 QUALITARY RD |
10-07-2015 | $72,000 | 12 QUALITARY RD |
29-06-2015 | $180,000 | 110 DEVERIL RD |
27-04-2015 | $264,000 | 92 DUFFY RD |
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