Real Estate Nine Mile, VIC, 3518 Loddon

Thinking about buying in Nine Mile? Now could not be a better time, with just 14 residential dwellings it's a highly sought after location.

Distance to the coast is 196 Km.

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Nine Mile Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Nine Mile 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 Nine Mile 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 Nine Mile 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. Lower than average population density constrains growth in Nine Mile to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Nine Mile 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

Household makeup

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

Housing Stock


Local Schools

None within suburb boundary

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

Local Crime Rate

Incidents Trend State Average


Nine Mile 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
Jan1.115.332.920.172.93.827.4
Feb0.715.431.824.076.23.624.0
Mar0.912.827.730.983.83.218.7
Apr1.09.223.136.588.62.814.0
May1.26.518.149.795.72.810.2
Jun1.03.714.561.398.62.58.7
Jul1.13.714.161.998.23.08.6
Aug1.13.915.155.197.73.111.5
Sept1.25.319.143.595.93.216.0
Oct1.17.623.233.992.23.421.1
Nov1.210.627.226.087.03.624.4
Dec1.013.330.422.278.23.728.1

source: Australian Government Bureau of Meteorology



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Nearby Suburbs

Richmond PlainsBerrimalYawong HillsYeungroon EastKurraca WestYeungroonWedderburnGowar EastFentons CreekWoosang


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