Thinking about buying in Mount Binga? 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 $503,000 with prices in this suburb ranging from $464,000 to $542,000. The aproximate distance to the coast is 102 Km.
| Median Weekly Rent | $186.50 |
| Median Monthly Mortgage | $843.50 |
| Median Persons Per Bedroom | 0.80 |
| Average Household Size | 2.00 |
| Average Age | 55.00 |
| Average Income | $454.50 |
| Average Cars Per Dwelling | 2.11 |
| Average Properties Within 50M | 1 |
| 1 Bed $463,000 |
| 3 Bed $541,000 |
In Mount Binga 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 Mount Binga 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 Mount Binga 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. Lower than average population density constrains growth in Mount Binga to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Mount Binga 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 Mount Binga a better buying opportunity than it may have been in the past.
None within suburb boundary
(While the above schools are located with the suburb of Mount Binga 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 | 3.5 | 18.4 | 31.4 | 40.0 | 90.2 | 5.3 | 24.3 |
| Feb | 2.4 | 17.6 | 30.4 | 41.2 | 90.2 | 5.2 | 22.3 |
| Mar | 2.8 | 16.4 | 28.1 | 47.4 | 93.5 | 4.6 | 19.5 |
| Apr | 0.7 | 12.0 | 26.5 | 40.0 | 93.9 | 3.9 | 18.1 |
| May | 1.2 | 6.4 | 21.8 | 42.3 | 95.1 | 3.6 | 14.2 |
| Jun | 1.2 | 4.8 | 19.4 | 47.1 | 95.8 | 3.7 | 12.0 |
| Jul | 0.7 | 3.5 | 19.6 | 40.9 | 94.5 | 3.7 | 13.4 |
| Aug | 0.7 | 3.6 | 21.7 | 31.0 | 89.2 | 4 | 16.4 |
| Sept | 0.8 | 7.6 | 24.6 | 31.0 | 91.3 | 4.4 | 20.3 |
| Oct | 1.6 | 11.0 | 27.0 | 32.5 | 89.6 | 4.8 | 24.2 |
| Nov | 1.3 | 14.8 | 29.9 | 32.3 | 89.1 | 5.0 | 27.6 |
| Dec | 2.1 | 17.6 | 31.6 | 34.4 | 88.3 | 5.1 | 25.9 |
source: Australian Government Bureau of Meteorology
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