Thinking about buying in Mount Magnificent? Now could not be a better time, with just 61 residential dwellings it's a highly sought after location.
Distance to the coast is 19 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Mount Magnificent due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Mount Magnificent provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Mount Magnificent requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Mount Magnificent we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Mount Magnificent a better buying opportunity than it may have been in the past.
| 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 | 1.00 |
None within suburb boundary
(While the above schools are located with the suburb of Mount Magnificent there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 0.8 | 14.4 | 26.6 | 35.9 | 86.7 | 5.0 | 27.3 |
| Feb | 1.1 | 14.4 | 25.4 | 41.6 | 88.5 | 4.9 | 22.5 |
| Mar | 1.3 | 12.8 | 23 | 44.5 | 91.0 | 4.7 | 18.2 |
| Apr | 1.9 | 11.3 | 19.7 | 49.2 | 90.5 | 4.2 | 13.6 |
| May | 2.9 | 9.4 | 15.8 | 60.1 | 92.7 | 4.2 | 9.4 |
| Jun | 3.6 | 7.4 | 13.1 | 66.3 | 94.4 | 4.3 | 8.5 |
| Jul | 4.0 | 6.9 | 12.6 | 65.8 | 96.0 | 4.8 | 8.5 |
| Aug | 3 | 6.8 | 13.4 | 59.8 | 94.7 | 4.7 | 11.2 |
| Sept | 3.0 | 8.2 | 16.3 | 51.6 | 93.2 | 4.8 | 15.6 |
| Oct | 1.4 | 9.6 | 19.3 | 46.1 | 90.5 | 4.6 | 21.3 |
| Nov | 1.1 | 10.6 | 21.0 | 41.9 | 91.3 | 4.6 | 24.6 |
| Dec | 1.0 | 13.0 | 24.6 | 38.0 | 87.7 | 4.8 | 26.9 |
source: Australian Government Bureau of Meteorology
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