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Morundah
NSW, 2700 - Federation

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 aproximate distance to the coast is 306 Km.

Household Makeup

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

Housing Stock

Average Property Prices

1 Bed  $644,000
4 Bed  $243,000

Morundah Real Estate Market Outlook

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.


Local Schools

None within suburb boundary

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

Morundah 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
Jan1.119.034.620.066.04.328.2
Feb1.418.632.626.770.34.024.1
Mar2.515.728.833.779.33.619.4
Apr1.111.624.336.783.43.015
May0.77.218.946.591.23.011.3
Jun1.45.415.259.496.62.99.0
Jul1.15.014.657.494.33.19.4
Aug1.25.216.248.793.23.312.3
Sept0.47.020.834.283.13.817.8
Oct1.310.824.931.582.63.821.7
Nov1.214.329.124.677.43.926.0
Dec1.616.931.522.671.14.228.8

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

12-07-2022 $20,000 1 YAMMA ST
16-12-2021 $1,750,000 417 YAMMA RD
20-01-2021 $30,000 91 YAMMA RD
01-08-2019 $3,322,177 11497 NEWELL HWY
21-09-2018 $120,000 1 BROWLEY ST
04-05-2018 $1,825,000 274 ARRAWIDGEE RD
01-02-2018 $3,504,090 2196 BACK MORUNDAH RD
14-09-2017 $4,500 1 YAMMA ST
31-08-2017 $1,387,500 13117 NEWELL HWY
17-02-2017 $350,000 10514 FEDERATION WAY
17-02-2017 $1,137,750 13803 NEWELL HWY
19-08-2015 $240,000 3232 BACK MORUNDAH RD
10-12-2014 $38,000 4 BROWLEY ST
03-09-2014 $100,000 10 MILVAIN DR
13-06-2014 $89,000 3 BROWLEY ST
15-07-2009 $48,000 26 BROWLEY ST
15-08-2008 $35,000 3 BROWLEY ST
17-11-2006 $25,000 4 BROWLEY ST

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

CorobimillaBoree CreekEuroleyBundureGillenbahCullivelUranaColeamballyCudgelSandigo


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