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All About Mollongghip, Moorabool, VIC, 3352

Mollongghip, located in the Moorabool Shire of Victoria, presents a unique housing market characterized by its rural charm and serene lifestyle. The housing market in Mollongghip is relatively modest compared to metropolitan areas, with a mix of quaint cottages, farmhouses, and modern homes set amidst expansive land. Property prices here tend to be more affordable than those in nearby urban centers, attracting buyers looking for a country lifestyle without straying too far from city conveniences. This region appeals particularly to those seeking privacy and tranquility, as well as to investors interested in the potential for tourism-driven rental properties, given its proximity to popular regional attractions.

Living in Mollongghip offers a distinct contrast to the hustle and bustle of city life. Residents enjoy a close-knit community atmosphere, surrounded by picturesque landscapes, lush greenery, and rolling hills. The area is ideal for nature lovers and outdoor enthusiasts, with ample opportunities for hiking, cycling, and exploring local wildlife. The peace and quiet of rural living are complemented by a strong sense of community, with local events and gatherings fostering a friendly neighborhood environment. Despite its rural setting, Mollongghip is conveniently located within driving distance of larger towns and cities, providing easy access to amenities, shopping, and educational facilities. Overall, living in Mollongghip offers a harmonious blend of rural tranquility and community spirit, making it an appealing choice for those looking to escape the urban grind.

Household Makeup

Median Weekly Rent $235.75
Median Monthly Mortgage $1552.75
Median Persons Per bed houseroom 0.75
Average Household Size 2.75
Average Age 46.00
Average Income $810.75
Average Cars Per Dwelling 2.45
Average Properties Within 50M 1
Typical 1 bed house$810,000
Typical 2 bed house$414,000
Typical 3 bed house$811,000
Typical 4 bed house$995,000

Housing Stock

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Mollongghip Real Estate Market Outlook

Thinking about buying in Mollongghip? Now could not be a better time, with just 73 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $844,000 with prices in this suburb ranging from $415,000 to $1,191,000. The aproximate distance to the coast is 70 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Mollongghip are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Mollongghip 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 Mollongghip 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 Mollongghip 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 Valuation

Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Mollongghip 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.

Mollongghip 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
Jan1.311.827.429.591.95.825.9
Feb1.412.226.135.593.95.821.7
Mar1.110.623.438.195.25.516.8
Apr1.57.818.649.596.94.812.3
May1.85.414.163.597.95.08.7
Jun1.93.611.274.099.04.97.2
Jul2.13.410.574.398.95.77.5
Aug1.93.311.665.198.45.610.4
Sept2.24.614.358.197.15.614.4
Oct1.66.518.149.696.45.419.8
Nov1.68.320.844.796.55.322.6
Dec1.310.324.633.793.85.625.5

source: Australian Government Bureau of Meteorology



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