Lake Bunga
VIC, 3909
-
East Gippsland
Thinking about buying in Lake Bunga? Now could not be a better time, with just 328 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $479,000 with prices in this suburb ranging from $151,000 to $1,049,000. Lake Bunga is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Household Makeup
| Median Weekly Rent | $270.67 |
| Median Monthly Mortgage | $1307.00 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 56.00 |
| Average Income | $539.67 |
| Average Cars Per Dwelling | 1.66 |
| Average Properties Within 50M | 7 |
Housing Stock
Average Property Prices
| 1 Bed $604,000 |
| 2 Bed $402,000 |
| 3 Bed $570,000 |
| 4 Bed $724,000 |
| 5 Bed $456,000 |
| 6 Bed+$456,000 |
Lake Bunga Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in Lake Bunga 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 Lake Bunga 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 Lake Bunga 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 Lake Bunga 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 Lake Bunga 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.
Houses for sale Lake Bunga
|
92 lake bunga beach rd, lake bunga, vic, 3909 |  |
 |
$289,000 |
Local Schools
Toorloo Arm Primary School
St Brendan's School
(While the above schools are located with the suburb of Lake Bunga there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Lake Bunga 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 | |
|---|---|---|---|---|---|---|---|
| Jan | 1.9 | 14.5 | 25.1 | 48.8 | 89.0 | 2.5 | 22.0 |
| Feb | 2.2 | 14.5 | 24.7 | 51.2 | 91.2 | 2.4 | 19.2 |
| Mar | 2.5 | 13.3 | 22.7 | 53.0 | 90.8 | 2.5 | 15.1 |
| Apr | 2.3 | 11.0 | 19.5 | 53.9 | 89.8 | 2.8 | 12.4 |
| May | 2.0 | 8.6 | 15.8 | 56.2 | 87.3 | 3.1 | 9.3 |
| Jun | 2.8 | 6.5 | 13.1 | 61.5 | 89.2 | 3.0 | 7.7 |
| Jul | 2.2 | 6.3 | 13.2 | 57.7 | 86.9 | 3.4 | 8.0 |
| Aug | 1.8 | 6.1 | 13.9 | 50.6 | 86.3 | 3.5 | 10.4 |
| Sept | 2.4 | 7.9 | 17.2 | 47.9 | 88.4 | 3.2 | 14.5 |
| Oct | 2.7 | 9.2 | 19.3 | 48.8 | 89.9 | 2.9 | 18.3 |
| Nov | 2.7 | 11.1 | 21.3 | 49.5 | 90.9 | 2.7 | 21.4 |
| Dec | 2.3 | 13.1 | 23.9 | 46.8 | 89.6 | 2.5 | 23.8 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Bairnsdale - Greater then 10KM
Raymond Island Ferry - Greater then 10KM
Raymond Island Ferry - Greater then 10KM
General Points of Interest
Bunga-1 Oil Well - Less than 1 KM
Lakes Entrance Aquatic Centre - Less than 5 KM
Lakes Entrance Golf Course - Less than 2 KM
Lakes Entrance Recreation Centre - Less than 5 KM
Lakes View Golf Course - Less than 5 KM
Bullock Island - Less than 10 KM
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