All About Murroon, Colac Otway, VIC, 3243
Murroon, a charming locality in the Colac Otway Shire of Victoria, offers a unique blend of serene rural living and modest real estate development. The housing market in Murroon is characterized by a limited but steadily growing inventory, reflecting its appeal as a peaceful countryside retreat. Properties in the area are often surrounded by lush landscapes, including rolling hills and picturesque farmlands, making it an attractive destination for those seeking tranquility away from the hustle and bustle of urban centers. The demand for homes here is primarily from individuals and families looking for lifestyle properties or hobby farms, and this demand has steadily contributed to modest price increases over recent years.
Living in Murroon provides a laid-back lifestyle with a strong sense of community, where residents often engage with each other through local events and activities. The area is known for its natural beauty, offering numerous opportunities for outdoor recreation such as hiking, birdwatching, and exploring the nearby Otway Ranges. Despite its rural setting, Murroon is within a reasonable driving distance from larger towns like Colac, providing access to essential services, schools, and shopping facilities. The blend of a peaceful environment and the convenience of nearby amenities makes Murroon an appealing choice for those looking to embrace a quieter, yet connected way of life.
Household Makeup
| Median Weekly Rent | $200.00 |
| Median Monthly Mortgage | $1614.00 |
| Median Persons Per bed houseroom | 0.80 |
| Average Household Size | 3.00 |
| Average Age | 47.00 |
| Average Income | $836.00 |
| Average Cars Per Dwelling | 2.30 |
| Average Properties Within 50M | 1 |
| Typical 2 bed house | $690,000 |
| Typical 4 bed house | $1,146,000 |
| Typical 6 bed+ house | $2,317,000 |
Housing Stock
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Murroon Real Estate Market Outlook
Thinking about buying in Murroon? Now could not be a better time, with just 92 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,005,000 with prices in this suburb ranging from $279,000 to $2,317,000. The aproximate distance to the coast is 13 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. 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 Murroon 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 Murroon 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. 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 Murroon 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 ValuationLocal Schools
None within suburb boundary
(While the above schools are located with the suburb of Murroon there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Murroon 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 | |
|---|---|---|---|---|---|---|---|
| Jan | 1.2 | 12.9 | 26.5 | 36.8 | 95.4 | 6.4 | 24.9 |
| Feb | 0.9 | 13.3 | 25.5 | 42.3 | 95.6 | 6.5 | 20.8 |
| Mar | 1.1 | 12.2 | 23.2 | 44.6 | 94.3 | 6.3 | 16.1 |
| Apr | 1.4 | 10.0 | 19.0 | 53.1 | 95.9 | 6.2 | 11.7 |
| May | 1.6 | 7.9 | 15.0 | 66.9 | 96.5 | 6.6 | 8.7 |
| Jun | 1.7 | 6 | 12.2 | 76.5 | 97.3 | 6.2 | 7.2 |
| Jul | 1.9 | 5.5 | 11.8 | 76.4 | 97.8 | 7.6 | 7.3 |
| Aug | 1.9 | 5.3 | 12.4 | 69.3 | 97.2 | 7.7 | 10.2 |
| Sept | 2.0 | 6.7 | 14.9 | 63.3 | 97.2 | 7.3 | 14.3 |
| Oct | 1.8 | 7.9 | 17.7 | 57.9 | 96.1 | 7.1 | 19.3 |
| Nov | 1.6 | 9.3 | 20.6 | 50.7 | 97.7 | 6.6 | 22.0 |
| Dec | 1.2 | 11.0 | 23.9 | 41.7 | 96.4 | 6.6 | 25.6 |
source: Australian Government Bureau of Meteorology
Public Transport
Birregurra - Greater then 10KM
General Points of Interest
Birregurra Golf Club - Less than 10 KM
Pennyroyal Falls - Less than 10 KM
Terrace Falls - Less than 10 KM
Nearby Suburbs
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