Thinking about buying in Lake Hume Village? Now could not be a better time,
with just 209 residential dwellings it's a highly sought after location.
The average property price for this area is $297,000 with prices in this suburb ranging from $168,000 to $427,000.
Distance to the coast is 214 Km.
Lake Hume Village Real Estate Market Outlook
In Lake Hume Village 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 Lake Hume Village 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 Lake Hume Village provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Lake Hume Village 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 Lake Hume Village 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 Lake Hume Village a better buying opportunity than it may have been in the past.
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Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Lake Hume Village there may also be nearby schools whose catchments cover this suburb)
Local Crime Stats
Average Local Climate by month
(mm) RAIN
Min (°C) TEMP
Max (°C) TEMP
Min (%) HUMIDITY
Max (%) HUMIDITY
(m/sec) WIND
(MJ/sq m) SOLAR
Jan
1.2
14.5
33.6
20.1
80.1
3.1
26.9
Feb
2.0
14.2
31.4
28.4
87.4
2.7
23.4
Mar
1.7
11.3
27.6
34.1
91.5
2.4
18.5
Apr
1.2
7.1
23.0
42
95.4
1.9
14.4
May
1.4
3.5
17.4
55.9
98.5
2.0
9.9
Jun
1.3
1.9
14.1
66.7
98.8
1.8
8.5
Jul
1.6
1.6
13.1
69.2
99.2
2.4
8.4
Aug
1.6
2.0
14.3
61.6
98.8
2.4
11.3
Sept
1.4
3.4
17.9
52.7
98.1
2.6
16.2
Oct
1.9
5.6
22.0
42.6
97.2
2.7
21.3
Nov
1.2
8.5
27.3
28.3
93.8
3.1
25.1
Dec
1.5
11.5
30.4
22.5
87.3
3.2
27.5
source: Australian Government Bureau of Meteorology
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