Thinking about buying in Miga Lake? Now could not be a better time, with just 22 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,140,000 with prices in this suburb ranging from $1,140,000 to $1,140,000. The aproximate distance to the coast is 133 Km.
| Median Weekly Rent | $ |
| Median Monthly Mortgage | $ |
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| Average Income | $ |
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| Average Properties Within 50M |
In Miga Lake 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. 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 Miga Lake 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 Miga Lake 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. With very low industrial sector presence in Miga Lake 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.
None within suburb boundary
(While the above schools are located with the suburb of Miga Lake 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 | 0.6 | 12.4 | 30.3 | 23.3 | 87.6 | 4.5 | 26.8 |
| Feb | 0.6 | 12.8 | 29.2 | 28.0 | 88.8 | 4.4 | 22.5 |
| Mar | 1 | 11.0 | 25.5 | 35.5 | 92.6 | 3.9 | 17.5 |
| Apr | 1.1 | 8.4 | 21.2 | 43.6 | 95.0 | 3.2 | 12.6 |
| May | 1.6 | 6.5 | 16.6 | 58.9 | 97.3 | 3.1 | 9.0 |
| Jun | 1.8 | 4.5 | 13.6 | 68.9 | 98.4 | 3.0 | 7.6 |
| Jul | 2.4 | 4.4 | 13.0 | 68.6 | 98.1 | 3.3 | 7.7 |
| Aug | 2.1 | 4.3 | 14.1 | 61.5 | 98.0 | 3.4 | 10.7 |
| Sept | 1.3 | 5.5 | 16.8 | 52.9 | 97.0 | 3.5 | 15.2 |
| Oct | 1.1 | 7.1 | 20.6 | 45.1 | 95.2 | 3.8 | 20.2 |
| Nov | 0.9 | 8.8 | 23.7 | 36.8 | 94.9 | 3.9 | 23.4 |
| Dec | 1.2 | 10.7 | 27.3 | 27.9 | 91.0 | 4.2 | 27.2 |
source: Australian Government Bureau of Meteorology
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