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Narrapumelap South
VIC, 3293 - Ararat

Thinking about buying in Narrapumelap South? Now could not be a better time, with just 20 residential dwellings it's a highly sought after location.

The average property price for this area is $1,285,000 with prices in this suburb ranging from $318,000 to $2,252,000.

Distance to the coast is 63 Km.

Household Makeup

Median Weekly Rent $172.67
Median Monthly Mortgage $650.00
Median Persons Per Bedroom 0.70
Average Household Size 2.67
Average Age 45.67
Average Income $710.67
Average Cars Per Dwelling 2.53
Average Properties Within 50M 1

Average Property Prices

3 Bed $317,000

Narrapumelap South Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Narrapumelap South driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Narrapumelap South due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Narrapumelap South 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 Narrapumelap South 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.

Housing Stock


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Narrapumelap South 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.

Narrapumelap South 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
Jan0.910.829.028.291.94.626.2
Feb0.811.527.834.693.84.422.3
Mar0.89.924.240.393.84.216.6
Apr1.17.820.346.795.23.812.2
May1.56.115.860.695.94.08.9
Jun1.54.412.970.597.43.87.4
Jul1.64.412.370.897.34.57.6
Aug1.73.913.066.5984.210.3
Sept1.55.016.059.898.24.314.7
Oct1.55.919.351.697.83.919.4
Nov1.07.222.043.596.84.022.5
Dec1.29.325.933.894.34.326.1

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

WickliffeChatsworthNareebGlenthompsonStavelyLake BolacWoodhouseWoorndooCaramutHexham

Public Transport


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