Part of Federation, NSW
| Median Weekly Rent | $150.00 |
| Median Monthly Mortgage | $0.00 |
| Median Persons Per Bedroom | 0.60 |
| Average Household Size | 2.00 |
| Average Age | 40.00 |
| Average Income | $841.00 |
| Average Cars Per Dwelling | 2.58 |
| Average Properties Within 50M | 39 |
| 1 bed property | $644,000 |
| 4 bed property | $243,000 |
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Thinking about buying in Morundah? Now could not be a better time, with just 278 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $650,000 with prices in this suburb ranging from $39,000 to $2,525,000. The approximate distance to the coast is 306 Km.
In Morundah 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 Morundah 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 Morundah 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 Morundah 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.
Instant Property ValuationMorundah, a small rural town in the Federation Council area of New South Wales, offers a unique glimpse into the tranquil lifestyle characteristic of the Australian countryside. The housing market in Morundah is typically reflective of its rural setting, with available properties often being expansive plots of land or charming country-style homes. Because it’s a smaller locality, housing opportunities tend to fluctuate, with fewer properties on the market compared to larger urban areas. However, the affordability relative to city locations can make Morundah an attractive option for those looking to escape the hustle and bustle. The sense of space and connection to nature is a significant draw for new residents, with homes often offering wide-open views and the potential for extensive gardens or hobby farming.
Life in Morundah is deeply rooted in community and local culture, providing residents with a quintessential small-town experience. The town is known for its strong sense of camaraderie among neighbors, which is often fostered through local events and community gatherings. The annual Morundah Opera is a standout event, drawing attendees from far and wide and encapsulating the town’s unique charm and spirit. Despite its quiet setting, Morundah offers convenient access to the nearby regional centers for shopping, education, and healthcare, balancing rural peace with essential amenities. Living here is ideal for those who value a slower-paced lifestyle, enjoy the beauty and serenity of the countryside, and appreciate close-knit community connections.
| Settlement Date | Sale Price | Property Address | Details |
|---|---|---|---|
| 2022-07-12 | $20,000 | 1 Yamma Street | Morundah, NSW |
| 2021-12-16 | $1,750,000 | 417 Yamma Road | Morundah, NSW |
| 2021-01-20 | $30,000 | 91 Yamma Road | Morundah, NSW |
| 2018-09-21 | $120,000 | 1 Browley Street | Morundah, NSW |
| 2018-05-04 | $1,825,000 | 274 Arrawidgee Road | Morundah, NSW |
| 2018-02-01 | $3,504,090 | 2196 Back Morundah Road | Morundah, NSW |
| 2017-09-14 | $4,500 | 1 Yamma Street | Morundah, NSW |
| 2017-08-31 | $1,387,500 | 13117 Newell Hwy | Morundah, NSW |
| 2017-02-17 | $350,000 | 10514 Federation Way | Morundah, NSW |
| 2017-02-17 | $1,137,750 | 13803 Newell Hwy | Morundah, NSW |
| 2015-08-19 | $240,000 | 3232 Back Morundah Road | Morundah, NSW |
| 2014-12-10 | $38,000 | 4 Browley Street | Morundah, NSW |
| 2014-09-03 | $100,000 | 10 Milvain Drive | Morundah, NSW |
| 2014-06-13 | $89,000 | 3 Browley Street | Morundah, NSW |
| 2009-07-15 | $48,000 | 26 Browley Street | Morundah, NSW |
| 2008-08-15 | $35,000 | 3 Browley Street | Morundah, NSW |
| 2006-11-17 | $25,000 | 4 Browley Street | Morundah, NSW |
No local schools recorded within the suburb boundary.
Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.1 | 19.0 | 34.6 | 20.0 | 66.0 | 4.3 | 28.2 |
| Feb | 1.4 | 18.6 | 32.6 | 26.7 | 70.3 | 4.0 | 24.1 |
| Mar | 2.5 | 15.7 | 28.8 | 33.7 | 79.3 | 3.6 | 19.4 |
| Apr | 1.1 | 11.6 | 24.3 | 36.7 | 83.4 | 3.0 | 15 |
| May | 0.7 | 7.2 | 18.9 | 46.5 | 91.2 | 3.0 | 11.3 |
| Jun | 1.4 | 5.4 | 15.2 | 59.4 | 96.6 | 2.9 | 9.0 |
| Jul | 1.1 | 5.0 | 14.6 | 57.4 | 94.3 | 3.1 | 9.4 |
| Aug | 1.2 | 5.2 | 16.2 | 48.7 | 93.2 | 3.3 | 12.3 |
| Sept | 0.4 | 7.0 | 20.8 | 34.2 | 83.1 | 3.8 | 17.8 |
| Oct | 1.3 | 10.8 | 24.9 | 31.5 | 82.6 | 3.8 | 21.7 |
| Nov | 1.2 | 14.3 | 29.1 | 24.6 | 77.4 | 3.9 | 26.0 |
| Dec | 1.6 | 16.9 | 31.5 | 22.6 | 71.1 | 4.2 | 28.8 |
source: Australian Government Bureau of Meteorology
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