Thinking about buying in Hume? Now could not be a better time, with just 155 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,621,000 with prices in this suburb ranging from $814,000 to $2,666,000. The aproximate distance to the coast is 24 Km.
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Consistent high demand relative to supply is a key feature in Hume driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Hume are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Hume provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Hume requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Hume 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 Hume a better buying opportunity than it may have been in the past.
45 emu creek rd, wildwood, vic, 3429 | Contact Agent |
Goonawarra Primary School
(While the above schools are located with the suburb of Hume there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 14.5 | 27.7 | 34.8 | 87.0 | 5.5 | 24.3 |
Feb | 1.3 | 14.4 | 27.0 | 37.6 | 88.5 | 5.2 | 20.4 |
Mar | 1.3 | 13.1 | 24.6 | 39.8 | 88.6 | 5.0 | 15.9 |
Apr | 1.4 | 10.4 | 20.9 | 43.7 | 90.6 | 4.9 | 11.9 |
May | 1.2 | 8.2 | 16.9 | 51.3 | 90.8 | 5.4 | 8.6 |
Jun | 1.4 | 6.2 | 14.1 | 58.9 | 93.2 | 5.2 | 7.3 |
Jul | 1.0 | 5.9 | 13.7 | 56.0 | 91.4 | 6.2 | 7.7 |
Aug | 1.2 | 6 | 14.7 | 49.2 | 90.3 | 6.1 | 10.3 |
Sept | 1.6 | 7.4 | 17.7 | 42.8 | 89.4 | 6.1 | 14.5 |
Oct | 1.6 | 8.8 | 20.7 | 39.2 | 90.1 | 5.6 | 18.6 |
Nov | 1.9 | 10.7 | 22.9 | 38 | 90.3 | 5.4 | 21.7 |
Dec | 1.7 | 12.6 | 25.5 | 35.7 | 88.6 | 5.4 | 25.3 |
source: Australian Government Bureau of Meteorology
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