Thinking about buying in Magpie? Now could not be a better time, with just 139 residential dwellings it's a highly sought after location.
The average property price for this area is $977,000 with prices in this suburb ranging from $542,000 to $1,844,000.Distance to the coast is 66 Km.
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.
|Median Weekly Rent||$275.00|
|Median Monthly Mortgage||$1300.00|
|Median Persons Per Bedroom||0.70|
|Average Household Size||2.00|
|Average Cars Per Dwelling||1.89|
|Average Properties Within 50M||1|
|3 Bed $841,000|
|4 Bed $1,047,000|
|5 Bed $621,000|
|30 GUNNS LANE, MAGPIE, VIC, 3352||3||1||4||$780,000 - $820,000|
|17 TUPPENS RD, MAGPIE, VIC, 3352||3||2||2||$995,000|
Magpie Primary School
Ballarat Steiner School
St James' School
Emmaus Catholic Primary School
Mount Clear Primary School
Sebastopol Primary School
Mount Clear College
Ballarat Christian College(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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