Thinking about buying in Mount Pelion? Now could not be a better time, with just 134 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $607,000 with prices in this suburb ranging from $398,000 to $874,000. Mount Pelion is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
| Median Weekly Rent | $234.33 |
| Median Monthly Mortgage | $1581.33 |
| Median Persons Per Bedroom | 0.90 |
| Average Household Size | 3.00 |
| Average Age | 45.33 |
| Average Income | $658.33 |
| Average Cars Per Dwelling | 2.26 |
| Average Properties Within 50M | 1 |
| 3 Bed $518,000 |
| 4 Bed $739,000 |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Mount Pelion due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Mount Pelion provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Mount Pelion requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Mount Pelion we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Mount Pelion a better buying opportunity than it may have been in the past.
Calen District State College
(While the above schools are located with the suburb of Mount Pelion 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 | 5.0 | 23.2 | 30.9 | 60.2 | 91.8 | 3.7 | 24.2 |
| Feb | 9.5 | 23.2 | 31.4 | 61.6 | 95.2 | 2.9 | 24.0 |
| Mar | 3.8 | 22.1 | 30.0 | 63.3 | 95.0 | 3.2 | 21.4 |
| Apr | 5.9 | 20.1 | 28.0 | 63.8 | 95 | 3.2 | 18.1 |
| May | 1.7 | 15.8 | 25.3 | 58.8 | 94.9 | 2.8 | 16.4 |
| Jun | 0.9 | 12.7 | 23.7 | 55.7 | 94.9 | 2.4 | 15.2 |
| Jul | 1.3 | 12.3 | 23.7 | 55.9 | 97.0 | 2.2 | 16.0 |
| Aug | 0.4 | 13 | 24.6 | 53.0 | 96.9 | 2.6 | 18.4 |
| Sept | 0.5 | 14.9 | 26.4 | 52.7 | 95.8 | 2.7 | 21.6 |
| Oct | 1.3 | 18.2 | 28.5 | 54.4 | 94.3 | 3.0 | 24 |
| Nov | 2.2 | 20.0 | 30.0 | 51.6 | 92.2 | 3.4 | 26.7 |
| Dec | 6.5 | 22.4 | 31 | 59.2 | 92.5 | 3.9 | 23.4 |
source: Australian Government Bureau of Meteorology
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!