Thinking about buying in Murchison? Now could not be a better time, with just 23 residential dwellings it's a highly sought after location. The aproximate distance to the coast is 102 Km.
Median Weekly Rent | $75.00 |
Median Monthly Mortgage | $826.00 |
Median Persons Per Bedroom | 0.90 |
Average Household Size | 3.00 |
Average Age | 41.00 |
Average Income | $687.00 |
Average Cars Per Dwelling | 2.28 |
Average Properties Within 50M | 3 |
Consistent high demand relative to supply is a key feature in Murchison driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Murchison due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Murchison 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 Murchison 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 Murchison 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.
59 STEVENSON ST, MURCHISON, VIC, 3610 | 3 | 1 | 2 | Under Offer |
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 | 15.4 | 31.2 | 25.3 | 79.5 | 4.4 | 26.4 |
Feb | 0.8 | 14.8 | 29.7 | 28.5 | 81.6 | 4.0 | 23.0 |
Mar | 1.2 | 12.8 | 26.7 | 33.7 | 85.6 | 3.6 | 17.9 |
Apr | 1.3 | 8.9 | 22.1 | 41.6 | 91.0 | 3.0 | 13.5 |
May | 1.3 | 5.7 | 17.1 | 54.0 | 94.2 | 3.0 | 9.6 |
Jun | 1.5 | 3.7 | 14.0 | 64.1 | 96.6 | 2.9 | 7.9 |
Jul | 1.5 | 3.6 | 13.4 | 63.2 | 96.0 | 3.3 | 8.4 |
Aug | 1.2 | 3.6 | 14.5 | 55.4 | 95.8 | 3.4 | 11.1 |
Sept | 1.1 | 5.4 | 18.1 | 45.6 | 93.1 | 3.7 | 16.1 |
Oct | 1.3 | 7.9 | 22.3 | 38.1 | 89.7 | 3.8 | 21.4 |
Nov | 1.1 | 11.0 | 25.8 | 30.1 | 86.6 | 4.1 | 25.0 |
Dec | 1.2 | 13.6 | 29.2 | 24.1 | 80.1 | 4.3 | 27.4 |
source: Australian Government Bureau of Meteorology
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