Thinking about buying in Mungindi? Now could not be a better time, with just 381 residential dwellings it's a highly sought after location.
Distance to the coast is 414 Km.
In Mungindi 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 Mungindi 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. The slightly lower than average earnings from occupations in Mungindi 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. Medium density in Mungindi necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Mungindi 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 Mungindi a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$140.00|
|Median Monthly Mortgage||$845.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.81|
|Average Properties Within 50M||2.00|
Mungindi Central School
St Joseph's Primary School(While the above schools are located with the suburb of Mungindi there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
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