Panmure, located in the Moyne Shire of Victoria, offers a unique and appealing housing market, particularly for those seeking a quieter, rural lifestyle. The market here tends to be characterized by more affordable options compared to urban areas, making it an attractive spot for first-time homebuyers or those looking to escape the hustle and bustle of city life. Properties in Panmure often feature expansive lots, with charming, country-style homes that appeal to families and retirees alike. The area’s pastoral landscape and small-town charm can provide a serene and picturesque backdrop for homeowners wanting a balance between comfort and natural beauty.
Living in Panmure offers residents a peaceful and community-focused environment. The town fosters a strong sense of community, with locals often gathering at the local parks, community halls, or sporting events. Its proximity to larger towns like Warrnambool means that while Panmure itself is tranquil and less developed, residents still have access to larger commercial centers, schools, and healthcare facilities within a reasonable driving distance. The lifestyle in Panmure tends to be slower paced, making it ideal for those who appreciate outdoor activities such as hiking and farming, or simply enjoying open spaces and fresh air. With its blend of affordability, community spirit, and access to natural surroundings, Panmure is a compelling choice for those looking to settle in rural Victoria.
Median Weekly Rent | $216.67 |
Median Monthly Mortgage | $1547.67 |
Median Persons Per bed houseroom | 0.82 |
Average Household Size | 3.00 |
Average Age | 39.17 |
Average Income | $822.33 |
Average Cars Per Dwelling | 2.53 |
Average Properties Within 50M | 2 |
Typical 1 bed house | $711,000 |
Typical 2 bed house | $353,000 |
Typical 3 bed house | $559,000 |
Typical 4 bed house | $796,000 |
Typical 5 bed house | $1,095,000 |
Typical 6 bed+ house | $2,291,000 |
Housing Stock
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Thinking about buying in Panmure? Now could not be a better time, with just 238 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $714,000 with prices in this suburb ranging from $270,000 to $2,291,000. The aproximate distance to the coast is 11 Km.
Consistent high demand relative to supply is a key feature in Panmure 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 Panmure 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 Panmure 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 Panmure 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 Panmure 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 Valuation584 Warrumyea Road, Panmure, VIC, 3265 | 2 | 1 | 3 | $640,000 - $690,000 |
Panmure Primary School
Cudgee Primary School
(While the above schools are located with the suburb of Panmure 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 | 1.1 | 11.8 | 25.0 | 45.8 | 92.2 | 5.3 | 24.9 |
Feb | 1.2 | 12.6 | 24.6 | 49.2 | 93.0 | 5.2 | 20.5 |
Mar | 1.7 | 11.2 | 22.9 | 50.9 | 94.1 | 5 | 15.7 |
Apr | 2.0 | 9.4 | 19.9 | 54.6 | 95.0 | 4.8 | 11.5 |
May | 2.7 | 7.6 | 16.3 | 64.8 | 95.8 | 5.1 | 8.4 |
Jun | 2.7 | 5.6 | 13.9 | 71.4 | 97.4 | 5.1 | 7.2 |
Jul | 3.0 | 5.6 | 13.4 | 71.5 | 97.3 | 5.9 | 7.3 |
Aug | 2.8 | 5.8 | 14.2 | 65.1 | 95.8 | 5.9 | 10.1 |
Sept | 2.7 | 6.9 | 16.2 | 62.0 | 96.5 | 5.8 | 14.2 |
Oct | 2.2 | 7.8 | 18.4 | 58.8 | 95.6 | 5.4 | 18.9 |
Nov | 1.5 | 9.2 | 20.4 | 54.2 | 94.8 | 5.4 | 21.8 |
Dec | 1.6 | 10.6 | 22.6 | 50.7 | 94.3 | 5.4 | 25.4 |
source: Australian Government Bureau of Meteorology
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