Old Oakey, 240 NEWTON ROAD Mullengandra NSW 2644
This property is Off Market
- Last sold 8/30/2013 for $2,150,000. The Average property price in this area is $564,582, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 231.94 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 8/16/2024 175 TINMINES RD $1,200,000
- 6/6/2024 104 NEWTON RD $1,600,000
- 4/2/2024 13597 HUME HWY $950,000
- 12/15/2023 125 DALY RD $4,000,000
- 4/27/2022 13798 HUME HWY $925,000
About Albury Region
With an average age of 45, households expect an average monthly mortgage payment of $1,950 or a weekly rent payment of $216. The average family earns a weekly income of $2,386 with a typical household size of 2.6 and a 97.34% employment rate.
In Mullengandra 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 Mullengandra 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 Mullengandra 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. Lower than average industry presence in Mullengandra 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 Mullengandra a better buying opportunity than it may have been in the past.
Public Transport
Albury
Wymah Ferry (Free)
General Points of Interest
Hume and Hovell Cairn
Population
(Country of Birth not stated 4%)
Are people healthy?
There are a recorded 1504 asthma sufferers and 486 people living with diabetes. In addition, 636 people have a heart/vascular condition and 1206 people live with three or more chronic diseases.A good place to invest in property?
Albury Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
20 / 100
31 / 100
Industry
10 / 100
22 / 100
Population
08 / 100
19 / 100
House Prices
40 / 100
60 / 100
Jobs
24 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsJames Fallon HS Table Top PS
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Lavington East Public School
Lavington, NSW, 2641 State K-6 -
Gerogery Public School
Gerogery, NSW, 2642 State K-6 -
Springdale Heights Public School
Lavington, NSW, 2641 State K-6 -
Talgarno Primary School
Talgarno, VIC, 3691 State Prep-6 -
Trinity Anglican College - Albury
Thurgoona, NSW, 2640 Independent K-12 -
Border Christian College
Thurgoona, NSW, 2640 Independent K-12 -
Table Top Public School
Table Top, NSW, 2640 State K-6 -
Thurgoona Public School
Thurgoona, NSW, 2640 State K-6 -
Jindera Public School
Jindera, NSW, 2642 State K-6
Property Story
Old Oakey, 240 Newton Road, Mullengandra, Nsw, 2644 is a residential property . The estimated distance to the sea is 231.94km and at least 2.61KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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