Thinking about buying in South Morang? Now could not be a better time, with 10898 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $947,000 with prices in this suburb ranging from $60,000 to $12,087,000. The aproximate distance to the coast is 21 Km.
Median Weekly Rent | $396.98 |
Median Monthly Mortgage | $1848.26 |
Median Persons Per Bedroom | 0.84 |
Average Household Size | 3.07 |
Average Age | 37.44 |
Average Income | $826.58 |
Average Cars Per Dwelling | 2.11 |
Average Properties Within 50M | 13 |
1 Bed  $1,005,000 |
2 Bed  $534,000 |
3 Bed  $878,000 |
4 Bed  $1,087,000 |
5 Bed  $1,395,000 |
6 Bed+$1,554,000 |
Consistent high demand relative to supply is a key feature in South Morang driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in South Morang ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in South Morang 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 South Morang 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 South Morang 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 South Morang a better buying opportunity than it may have been in the past.
Marymede Catholic College
The Lakes South Morang P-9 School
Morang South Primary School
Mernda Park Primary School
Al Siraat College
Meadowglen Primary School
Mernda Central P-12 College
Mill Park Heights Primary School
Plenty Valley Christian College
Plenty Parklands Primary School
(While the above schools are located with the suburb of South Morang 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 | |
---|---|---|---|---|---|---|---|
Nov | 1.7 | 11.1 | 23.4 | 40.6 | 94.7 | 3.2 | 21.6 |
Dec | 1.8 | 12.8 | 26.4 | 36.6 | 93 | 3.2 | 25.4 |
Jan | 1.7 | 14.8 | 28.8 | 35.9 | 91.9 | 3.2 | 23.6 |
Feb | 1.2 | 14.6 | 28.1 | 38.0 | 92.6 | 2.8 | 20.2 |
Mar | 1.4 | 12.8 | 24.8 | 41.7 | 93.5 | 2.6 | 14.8 |
Apr | 2.1 | 10.3 | 21.3 | 47.2 | 96.6 | 2.4 | 10.8 |
May | 1.7 | 8.4 | 17.5 | 54.5 | 95.5 | 2.8 | 7.6 |
Jun | 1.8 | 6.0 | 14.3 | 64.3 | 98.2 | 2.3 | 6.4 |
Jul | 1.4 | 6.4 | 14.2 | 61.1 | 97.3 | 2.9 | 7.4 |
Aug | 1.9 | 6.0 | 14.6 | 53.8 | 96.2 | 3.0 | 9.6 |
Sept | 1.6 | 7.8 | 18.1 | 45.8 | 95.4 | 3.1 | 14.1 |
Oct | 1.6 | 9.5 | 21.3 | 43.4 | 95 | 3.2 | 18.5 |
source: Australian Government Bureau of Meteorology
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