Murga Real Estate, NSW, 2864 Cabonne

Thinking about buying in Murga? Now could not be a better time, with just 35 residential dwellings it's a highly sought after location.

Distance to the coast is 240 Km.

Murga Real Estate Market Outlook

In Murga 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 Murga 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 Murga 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 Murga 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.

About

Properties For Sale

Local Schools


None within suburb boundary

(While the above schools are located with the suburb of Murga there may also be nearby schools whose catchments cover this suburb)

Local Crime Rates


Average Local Climate by month


(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.115.533.623.082.63.627.2
Feb2.715.030.232.086.43.523.1
Mar2.712.326.938.190.93.118.4
Apr1.37.322.342.794.72.614.9
May1.23.017.450.696.62.511.1
Jun2.02.113.961.597.42.59.1
Jul1.90.613.261.398.72.49.4
Aug1.30.514.552.698.12.612.4
Sept1.62.318.344.996.22.917.4
Oct1.45.723.136.794.43.122.3
Nov2.89.627.230.691.73.125.0
Dec2.212.730.424.585.13.427.9

source: Australian Government Bureau of Meteorology

Recently Sold Properties / House Prices

07-04-2022 $680,000 139 CLEVELAND RD MURGA 2864
06-09-2021 $100,000 6157 THE ESCORT WAY MURGA 2864
05-11-2020 $475,000 6495 THE ESCORT WAY MURGA 2864
03-11-2016 $425,000 6697 THE ESCORT WAY MURGA 2864
14-01-2015 $310,000 6651 THE ESCORT WAY MURGA 2864
17-11-2010 $183,333 6697 THE ESCORT WAY MURGA 2864
28-11-2008 $470,000 5893 THE ESCORT WAY MURGA 2864
29-09-2006 $425,000 270 YELLS RD MURGA 2864
13-09-2005 $300,000 139 CLEVELAND RD MURGA 2864

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