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All About Warumungu, Barkly, NT, NULL

The housing market in Warumungu, located in the Barkly region of the Northern Territory, presents unique characteristics intrinsic to its remote Australian outback setting. Traditionally, the region doesn't experience the brisk buying and selling activity seen in urban areas, largely due to its small population and isolation from major cities. The housing stock is modest, with a mix of older homes and basic, functional constructions suitable for the climatic conditions. Prices tend to be more affordable compared to urban centers, reflecting the limited economic opportunities and services in the area. Investment in the housing market here may appeal to those seeking a quieter lifestyle or those invested in community development and cultural engagements with the indigenous populations.

Living in Warumungu offers a distinct experience, deeply rooted in the cultural and natural landscapes of the Northern Territory. The lifestyle is tranquil, fostering a close-knit community atmosphere where social ties are strong and neighbors often rely on one another. The region’s rich indigenous heritage, particularly of the Warumungu people, is a fundamental part of life, providing unique opportunities for cultural engagement and learning. However, the remoteness necessitates a degree of self-sufficiency, with fewer amenities and services than in more populated areas. Access to nature is abundant, with vast stretches of outback terrain offering opportunities for exploration and outdoor activities, contributing to a lifestyle harmonized with the rugged beauty of the Australian landscape.

Household Makeup

Median Weekly Rent $
Median Monthly Mortgage $
Median Persons Per bed houseroom
Average Household Size
Average Age
Average Income $
Average Cars Per Dwelling
Average Properties Within 50M

Housing Stock

Local Internet Speeds

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Warumungu Real Estate Market Outlook

Thinking about buying in Warumungu? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.

In Warumungu there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Warumungu is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Warumungu leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Warumungu 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 Warumungu 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.

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Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Warumungu there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Warumungu 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
Jan5.124.836.232.576.94.425.1
Feb4.024.336.328.369.54.125.0
Mar1.523.635.029.066.84.123.3
Apr0.520.732.322.350.44.721.4
May0.316.427.824.653.64.918.5
Jun0.112.624.423.456.15.017.6
Jul0.112.225.119.449.94.818.0
Aug0.313.927.811.935.74.720.8
Sept0.118.632.610.534.14.824.7
Oct0.421.735.313.040.54.926.7
Nov1.824.537.317.455.24.426.7
Dec3.325.137.224.964.44.626.4

source: Australian Government Bureau of Meteorology




General Points of Interest


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