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Maramingo Creek
VIC, 3891 - East Gippsland

Thinking about buying in Maramingo Creek? Now could not be a better time, with just 20 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $211,000 with prices in this suburb ranging from $91,000 to $331,000. Maramingo Creek is located fairly close to the coast at just 2Km 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 $
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

Maramingo Creek Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Maramingo Creek driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Maramingo Creek due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Maramingo Creek changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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 Maramingo Creek 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 Maramingo Creek 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.

Maramingo Creek 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
Jan2.116.424.657.188.74.221.7
Feb2.416.124.159.389.43.918.9
Mar2.815.123.058.389.23.715.3
Apr2.812.220.55890.33.512.3
May2.59.317.955.989.93.79.5
Jun3.87.115.560.391.43.58.1
Jul2.66.315.354.589.23.68.4
Aug2.96.415.651.088.73.810.7
Sept2.38.617.951.188.74.015.0
Oct2.610.319.453.089.44.119.4
Nov2.712.721.454.6894.122.4
Dec2.414.623.155.588.54.224.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

WallagaraughGenoaGipsy PointWangarabellWroxhamTimbillicaYambullaNungatta SouthMallacootaNadgee


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