Thinking about buying in Berrambool? Now could not be a better time, with just 355 residential dwellings it's a highly sought after location.
Distance to the coast is 0 Km.
In Berrambool 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 Berrambool 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. The slightly lower than average earnings from occupations in Berrambool 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. Lower than average industry presence in Berrambool 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 Berrambool a better buying opportunity than it may have been in the past.
| Median Weekly Rent | $294.17 |
| Median Monthly Mortgage | $1342.50 |
| Median Persons Per Bedroom | 0.75 |
| Average Household Size | 2.17 |
| Average Age | 43.00 |
| Average Income | $857.00 |
| Average Cars Per Dwelling | 2.13 |
| Average Properties Within 50M | 14.00 |
| 2 Bed | $527,500 |
| 3 Bed | $581,000 |
| 4 Bed | $941,333 |
| 5 Bed | $937,500 |
None within suburb boundary
(While the above schools are located with the suburb of Berrambool 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 | 1.9 | 17.0 | 22.6 | 64.5 | 90 | 8.1 | 21.9 |
| Feb | 2.6 | 17.0 | 22.5 | 65.8 | 90.9 | 7.5 | 18.4 |
| Mar | 2.8 | 15.8 | 21.6 | 61.1 | 89.2 | 7.5 | 15.7 |
| Apr | 2.2 | 14.0 | 20.2 | 58.5 | 88.6 | 6.6 | 12.8 |
| May | 2.5 | 11.3 | 17.4 | 57.4 | 88.8 | 7.0 | 9.6 |
| Jun | 3.3 | 9.7 | 15.5 | 59 | 88.9 | 6.7 | 7.7 |
| Jul | 1.7 | 8.8 | 15.0 | 54.2 | 87.6 | 6.5 | 8.5 |
| Aug | 2.1 | 8.9 | 15.7 | 50.9 | 87.6 | 7 | 11 |
| Sept | 2.1 | 10.5 | 17.1 | 56.1 | 89.3 | 8 | 14.9 |
| Oct | 2.4 | 11.4 | 17.9 | 56.5 | 89.2 | 8.1 | 19.3 |
| Nov | 2.2 | 13.8 | 19.7 | 60.8 | 89.3 | 8.3 | 23.3 |
| Dec | 2.0 | 15.1 | 21.0 | 61.0 | 88.4 | 8.4 | 25.1 |
source: Australian Government Bureau of Meteorology
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