Tungamah, located in the Shire of Moira in Victoria, offers a unique and appealing slice of country living. The housing market in this quaint rural town is characterized by its affordability and charm, making it an attractive option for both first-time homebuyers and retirees looking to escape the bustle of city life. Home prices in Tungamah tend to be more budget-friendly compared to larger urban areas, with options ranging from modest family homes to larger properties with significant land. This affordability, combined with the town's picturesque setting, makes Tungamah an enticing prospect for those seeking a relaxed, rural lifestyle.
Living in Tungamah provides a serene and close-knit community experience. With a small population, the town has a friendly atmosphere where neighbors often know each other by name, and community events are central to social life. The town is surrounded by beautiful landscapes, including the nearby Murray River, which offers opportunities for outdoor activities such as fishing, hiking, and picnicking. Despite its rural setting, Tungamah is not isolated from essentials, with nearby towns offering additional amenities and services. The peaceful environment and strong sense of community make Tungamah an appealing place to call home for those looking to enjoy a slower, more connected way of life.
Median Weekly Rent | $150.00 |
Median Monthly Mortgage | $873.00 |
Median Persons Per bed houseroom | 0.80 |
Average Household Size | 2.00 |
Average Age | 52.00 |
Average Income | $537.00 |
Average Cars Per Dwelling | 2.00 |
Average Properties Within 50M | 3 |
Typical 1 bed house | $98,000 |
Typical 2 bed house | $375,000 |
Typical 3 bed house | $368,000 |
Typical 4 bed house | $451,000 |
Typical 5 bed house | $460,000 |
Housing Stock
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Thinking about buying in Tungamah? Now could not be a better time, with just 397 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $305,000 with prices in this suburb ranging from $32,000 to $617,000. The aproximate distance to the coast is 192 Km.
Consistent high demand relative to supply is a key feature in Tungamah 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 Tungamah 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 Tungamah 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 Tungamah 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 Valuation15 Middleton Street, Tungamah, VIC, 3728 | 3 | 1 | 3 | $449,000 |
Tungamah Primary School
(While the above schools are located with the suburb of Tungamah 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 | 1.3 | 16 | 33.5 | 21.7 | 75.9 | 4.2 | 27.4 |
Feb | 2.1 | 16 | 31.7 | 28.0 | 81.3 | 3.6 | 23.4 |
Mar | 1.3 | 13.3 | 28.0 | 32.0 | 83.8 | 3.5 | 19.1 |
Apr | 1.3 | 9.7 | 23.2 | 40.3 | 90.0 | 3.0 | 14.4 |
May | 1.0 | 6.0 | 18.0 | 53.2 | 95.8 | 2.8 | 10.4 |
Jun | 1.2 | 3.7 | 14.2 | 66.4 | 96.7 | 2.6 | 8.3 |
Jul | 1.5 | 3.8 | 13.8 | 66.9 | 97.6 | 3.0 | 8.7 |
Aug | 1.3 | 3.5 | 15.2 | 57.0 | 95.6 | 3.0 | 11.8 |
Sept | 1.4 | 5.1 | 18.9 | 46.4 | 95.6 | 3.4 | 16.3 |
Oct | 1.0 | 7.6 | 24.1 | 34 | 92.8 | 3.5 | 21.5 |
Nov | 1.4 | 11.3 | 28.0 | 26.8 | 87.4 | 3.9 | 25.0 |
Dec | 1.8 | 14.2 | 31.3 | 22.4 | 79.3 | 4.0 | 28.3 |
source: Australian Government Bureau of Meteorology
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