Thinking about buying in Upper Murray? Now could not be a better time, with just 7 residential dwellings it's a highly sought after location.
Distance to the coast is 51 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Upper Murray are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Upper Murray leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
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None within suburb boundary(While the above schools are located with the suburb of Upper Murray there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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