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Mumbannar
VIC, 3304 - Glenelg

Thinking about buying in Mumbannar? Now could not be a better time, with just 87 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $426,000 with prices in this suburb ranging from $386,000 to $666,000. Mumbannar is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $135.00
Median Monthly Mortgage $535.00
Median Persons Per Bedroom 0.70
Average Household Size 2.00
Average Age 53.00
Average Income $628.00
Average Cars Per Dwelling 2.66
Average Properties Within 50M 1

Housing Stock

Average Property Prices

1 Bed  $386,000
3 Bed  $451,000
4 Bed  $490,000
5 Bed  $665,000

Mumbannar Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. 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 Mumbannar 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 Mumbannar 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 Mumbannar 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 Mumbannar 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

None within suburb boundary

(While the above schools are located with the suburb of Mumbannar 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.

Mumbannar 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
Jan1.412.326.740.694.23.924.6
Feb1.013.026.542.594.93.820.7
Mar1.211.323.747.295.43.415.8
Apr1.79.020.051.593.52.811.2
May2.87.416.363.294.62.78.4
Jun3.05.414.071.095.12.77.2
Jul3.55.413.570.495.63.27.3
Aug2.95.814.559.993.23.710.2
Sept2.16.716.757.096.83.514.3
Oct1.87.719.453.196.83.719
Nov1.49.121.548.897.13.621.8
Dec1.610.824.543.596.33.826.1

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

CarolineDonovansNelsonDrik DrikDartmoorGlenburnieWyeStrathdownieYahlCaveton


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