Part of Clarence Valley, NSW
| Median Weekly Rent | $ |
| Median Monthly Mortgage | $ |
| Median Persons Per Bedroom | |
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| Average Income | $ |
| Average Cars Per Dwelling | |
| Average Properties Within 50M |
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Thinking about buying in Eighteen Mile? Now could not be a better time, with just 8 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $423,000 with prices in this suburb ranging from $177,000 to $670,000. The approximate distance to the coast is 67 Km.
In Eighteen Mile 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 Eighteen Mile 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 Eighteen Mile 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. Lower than average population density constrains growth in Eighteen Mile to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Eighteen Mile 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 Eighteen Mile a better buying opportunity than it may have been in the past.
Instant Property Valuation| Settlement Date | Sale Price | Property Address | Details |
|---|---|---|---|
| 2022-09-26 | $235,000 | 6822 Clarence Way | Eighteen Mile, NSW |
| 2015-12-22 | $80,000 | 6819 Clarence Way | Eighteen Mile, NSW |
| 2006-03-17 | $150,000 | 6819 Clarence Way | Eighteen Mile, NSW |
Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 4.2 | 19.8 | 30.6 | 51.0 | 92.6 | 2.7 | 24.1 |
| Feb | 5.7 | 19.8 | 30.5 | 51.9 | 93.3 | 2.8 | 20.8 |
| Mar | 3.9 | 18.6 | 28.6 | 55.3 | 94 | 2.6 | 17 |
| Apr | 1.9 | 15.3 | 26.1 | 52.5 | 95.7 | 2.6 | 15.1 |
| May | 2.2 | 11.2 | 22.7 | 51.7 | 93 | 2.4 | 12.7 |
| Jun | 3.0 | 9.2 | 20.8 | 52.1 | 93.3 | 2.6 | 10.9 |
| Jul | 0.7 | 7.6 | 20.9 | 44.9 | 91.6 | 2.5 | 12.4 |
| Aug | 1.1 | 8.0 | 23.1 | 34.6 | 89.6 | 2.7 | 15.5 |
| Sept | 1.0 | 11.1 | 25.1 | 38.3 | 91.3 | 2.7 | 19.2 |
| Oct | 3.1 | 14.2 | 26.7 | 44.0 | 91.2 | 2.8 | 21.6 |
| Nov | 1.7 | 16.8 | 29.6 | 43.8 | 91.4 | 2.8 | 24.2 |
| Dec | 5.3 | 18.7 | 30.7 | 48.2 | 94.8 | 2.8 | 24.8 |
source: Australian Government Bureau of Meteorology
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