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Bungaree
VIC, 3352 - Moorabool

Thinking about buying in Bungaree? Now could not be a better time, with just 141 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,000,000 with prices in this suburb ranging from $148,000 to $2,381,000. The aproximate distance to the coast is 63 Km.

Household Makeup

Median Weekly Rent $175.00
Median Monthly Mortgage $1300.00
Median Persons Per Bedroom 0.80
Average Household Size 3.00
Average Age 44.00
Average Income $728.00
Average Cars Per Dwelling 2.47
Average Properties Within 50M 1

Housing Stock

Average Property Prices

3 Bed  $933,000
4 Bed  $996,000
5 Bed  $2,381,000

Bungaree Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Bungaree 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. Low average earnings from people in Bungaree 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. Lower than average population density constrains growth in Bungaree to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Bungaree 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.


Local Schools

Bungaree Primary School

St Brendan's Primary School

(While the above schools are located with the suburb of Bungaree there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Bungaree weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan0.815.330.923.374.53.127.6
Feb1.114.929.527.377.72.923.8
Mar0.812.526.330.983.92.719.1
Apr1.59.722.338.086.82.515.0
May2.06.716.951.894.22.510.9
Jun1.74.013.757.396.42.49.5
Jul2.14.113.260.497.02.99.4
Aug2.04.114.154.196.02.911.9
Sept2.06.217.846.394.13.216.9
Oct1.48.321.635.990.03.122.2
Nov110.225.127.387.03.125.1
Dec1.213.328.624.779.53.328.1

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Leigh CreekWallaceDunnstownClaretownPootillaBullarookGong GongMillbrookSpringbankWarrenheip


General Points of Interest

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