Magpie Real Estate, VIC, 3352 Ballarat

Thinking about buying in Magpie? Now could not be a better time, with just 138 residential dwellings it's a highly sought after location.

The average property price for this area is $558,000 with prices in this suburb ranging from $377,000 to $692,000.

Distance to the coast is 67 Km.

Magpie 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. 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.

About

For Sale

Buxton 7698 MIDLAND HWY, MAGPIE, VIC, 3352 4 2 8 $1,595,000 - $1,660,000

More

Local Schools


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)

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
Jan1.311.827.429.591.95.825.9
Feb1.412.226.135.593.95.821.7
Mar1.110.623.438.195.25.516.8
Apr1.57.818.649.596.94.812.3
May1.85.414.163.597.95.08.7
Jun1.93.611.274.099.04.97.2
Jul2.13.410.574.398.95.77.5
Aug1.93.311.665.198.45.610.4
Sept2.24.614.358.197.15.614.4
Oct1.66.518.149.696.45.419.8
Nov1.68.320.844.796.55.322.6
Dec1.310.324.633.793.85.625.5

source: Australian Government Bureau of Meteorology

Recently Sold

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!