Memagong
NSW, 2594
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Hilltops
Thinking about buying in Memagong? Now could not be a better time, with just 69 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,861,000 with prices in this suburb ranging from $612,000 to $3,384,000. The aproximate distance to the coast is 231 Km.
Household Makeup
| Median Weekly Rent | $ |
| Median Monthly Mortgage | $ |
| Median Persons Per Bedroom | |
| Average Household Size | |
| Average Age | |
| Average Income | $ |
| Average Cars Per Dwelling | |
| Average Properties Within 50M |
Housing Stock
Average Property Prices
Memagong Real Estate Market Outlook
In Memagong 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 Memagong 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 Memagong 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. 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. With very low industrial sector presence in Memagong 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
Maimuru Public School
(While the above schools are located with the suburb of Memagong there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Memagong 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 | |
|---|---|---|---|---|---|---|---|
| Jan | 1.1 | 15.5 | 33.6 | 23.0 | 82.6 | 3.6 | 27.2 |
| Feb | 2.7 | 15.0 | 30.2 | 32.0 | 86.4 | 3.5 | 23.1 |
| Mar | 2.7 | 12.3 | 26.9 | 38.1 | 90.9 | 3.1 | 18.4 |
| Apr | 1.3 | 7.3 | 22.3 | 42.7 | 94.7 | 2.6 | 14.9 |
| May | 1.2 | 3.0 | 17.4 | 50.6 | 96.6 | 2.5 | 11.1 |
| Jun | 2.0 | 2.1 | 13.9 | 61.5 | 97.4 | 2.5 | 9.1 |
| Jul | 1.9 | 0.6 | 13.2 | 61.3 | 98.7 | 2.4 | 9.4 |
| Aug | 1.3 | 0.5 | 14.5 | 52.6 | 98.1 | 2.6 | 12.4 |
| Sept | 1.6 | 2.3 | 18.3 | 44.9 | 96.2 | 2.9 | 17.4 |
| Oct | 1.4 | 5.7 | 23.1 | 36.7 | 94.4 | 3.1 | 22.3 |
| Nov | 2.8 | 9.6 | 27.2 | 30.6 | 91.7 | 3.1 | 25.0 |
| Dec | 2.2 | 12.7 | 30.4 | 24.5 | 85.1 | 3.4 | 27.9 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 25-06-2020 | $3,213,000 | 695 JENKINS RD |
| 24-03-2020 | $4,833,600 | 2 MEMAGONG LANE |
| 19-03-2019 | $915,000 | 1737 MILVALE RD |
| 09-09-2016 | $4,113,480 | 337 BIRCHS LANE |
| 01-07-2016 | $330,000 | 605 TUBBUL RD |
| 19-05-2016 | $350,000 | 1770 MILVALE RD |
| 24-05-2013 | $500,000 | 210 HIGHBANK LANE |
| 23-01-2012 | $550,000 | 1425 MILVALE RD |
| 01-11-2011 | $1,670,861 | 256 BRUCES LANE |
| 28-03-2011 | $189,000 | 2454 MILVALE RD |
| 08-12-2010 | $600,000 | 1737 MILVALE RD |
| 28-06-2010 | $520,000 | 900 MILLY MILLY LANE |
| 04-12-2008 | $425,000 | 1425 MILVALE RD |
| 26-03-2008 | $7,000,000 | 519 HIGHBANK LANE |
| 10-10-2006 | $895,845 | 700 MEMAGONG LANE |
| 30-08-2006 | $2,000 | 900 MILLY MILLY LANE |
| 19-05-2006 | $1,299,550 | 256 BRUCES LANE |
| 26-05-2005 | $200,000 | 1270 TUBBUL RD |
| 28-09-2001 | $72,000 | 2454 MILVALE RD |
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Young - Greater then 10KM
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