All About Panitya, Mildura, VIC, 3512
As of the latest data available, the housing market in Panitya, a locality within the Mildura region of Victoria, presents itself as a distinct and somewhat niche segment, characterized by its rural and agricultural backdrop. Real estate in Panitya tends to offer a tranquil and spacious lifestyle, reflective of its countryside setting. The properties here are often more affordable compared to urban centers, attracting those looking for more acreage and the charm of country living. Buyers typically find larger plots of land, often used for farming or hobby farming, which is a significant draw for those interested in agriculture or looking for a more self-sufficient lifestyle. The demand remains relatively stable, supported by those seeking retreat from the bustling city life, yet the market remains modest in activity due to its remote location and specific appeal.
Living in Panitya offers a serene and immersive experience in nature, characterized by wide-open spaces and a close-knit community vibe. The lifestyle is decidedly relaxed and slow-paced, favoring outdoor activities and community events that cater to a small population. Residents enjoy the benefits of living in a rural hamlet, such as minimal noise pollution, clear night skies, and a strong connection to the land. However, this also comes with challenges, such as limited access to some amenities and services found in larger towns and cities. For those who prioritize tranquility and have a penchant for rural living, Panitya offers an ideal setting. In contrast, residents must travel to Mildura or other nearby areas for more comprehensive services and entertainment options. That said, this proximity allows Panitya residents to enjoy the best of both worlds—peaceful rural living with access to urban conveniences when needed.
Household Makeup
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Housing Stock
Local Internet Speeds
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Panitya Real Estate Market Outlook
Thinking about buying in Panitya? Now could not be a better time, with just 46 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,570,000 with prices in this suburb ranging from $2,570,000 to $2,570,000. The aproximate distance to the coast is 147 Km.
Consistent high demand relative to supply is a key feature in Panitya 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 Panitya 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 Panitya 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 Panitya 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 Panitya there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Panitya 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 | 0.8 | 13.9 | 32.4 | 21.1 | 77.9 | 5.5 | 28.2 |
| Feb | 0.6 | 14.0 | 31.3 | 24.3 | 82.2 | 5.1 | 24.0 |
| Mar | 0.5 | 11.8 | 27.7 | 28.3 | 86.6 | 4.8 | 19.1 |
| Apr | 0.8 | 9.1 | 23.3 | 36.2 | 89.6 | 4.5 | 14.5 |
| May | 1 | 6.9 | 18.5 | 47 | 93.9 | 4.5 | 10.4 |
| Jun | 1.1 | 4.8 | 15.2 | 56 | 96.1 | 4.2 | 9.0 |
| Jul | 1.1 | 4.7 | 14.7 | 58.9 | 96.6 | 4.7 | 9.1 |
| Aug | 1.1 | 4.1 | 16.4 | 48.3 | 95.2 | 4.9 | 12.4 |
| Sept | 1.1 | 5.6 | 20.7 | 38.0 | 94.8 | 5.1 | 16.9 |
| Oct | 0.8 | 7.3 | 23.0 | 33.7 | 92.9 | 5.1 | 22.6 |
| Nov | 0.6 | 9.6 | 26.8 | 24.4 | 86.6 | 5.4 | 25.7 |
| Dec | 0.9 | 12.5 | 30.1 | 23.0 | 82.7 | 5.7 | 28.6 |
source: Australian Government Bureau of Meteorology
Public Transport
Murrayville - Greater then 10KM
Nearby Suburbs
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