Thinking about buying in Pirie East? Now could not be a better time, with just 81 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $321,000 with prices in this suburb ranging from $311,000 to $755,000. Pirie East is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Pirie East 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. 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 Pirie East due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Pirie East 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. 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 Pirie East 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.
None within suburb boundary
(While the above schools are located with the suburb of Pirie East 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 | 0.6 | 18.5 | 31.0 | 32.4 | 79.5 | 6.2 | 27.5 |
Feb | 1 | 18.0 | 29.4 | 38.1 | 81.6 | 5.7 | 24.4 |
Mar | 0.6 | 16.1 | 27.4 | 40.1 | 84.1 | 5.0 | 20.0 |
Apr | 0.8 | 12.2 | 24.1 | 39.5 | 86.0 | 4.3 | 15.0 |
May | 0.7 | 9.1 | 20.5 | 44.9 | 89.6 | 3.9 | 11.7 |
Jun | 1 | 6.5 | 17.1 | 53.3 | 94.3 | 4.0 | 10.2 |
Jul | 0.6 | 5.5 | 17.8 | 46.6 | 93.1 | 4.4 | 10.7 |
Aug | 0.5 | 5.8 | 18.3 | 42.0 | 90.9 | 4.6 | 13.4 |
Sept | 0.4 | 8.5 | 22.9 | 32.5 | 86.5 | 5.1 | 18.7 |
Oct | 0.6 | 11.5 | 24.8 | 33.2 | 83.2 | 5.4 | 23.7 |
Nov | 0.5 | 13.8 | 27.0 | 32.8 | 82.9 | 5.8 | 27.1 |
Dec | 1.0 | 16.1 | 28.3 | 33.8 | 81.0 | 5.8 | 29.8 |
source: Australian Government Bureau of Meteorology
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