Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Magpie 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 Magpie provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Magpie necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Magpie 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.
|7698 MIDLAND HWY, MAGPIE, VIC, 3352||4||2||8||$1,595,000 - $1,660,000|
|8 QUINNS LANE, MAGPIE, VIC, 3352||4||2||8||$1,050,000-$1,150,000|
Magpie Primary School(While the above schools are located with the suburb of Magpie there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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