Minyip, located in the Shire of Yarriambiack in Victoria, offers a unique perspective on the Australian housing market characterized by its small-town charm and affordability. The housing market in Minyip is notably more accessible compared to urban centers, with lower property prices providing opportunities for first-time buyers and investors alike. The availability of larger plots of land and traditional Australian homes reflects the rural character of the area. Market activity tends to be slower, typical of rural locations, but this pace brings a sense of stability that appeals to those looking to escape the volatility of city markets. Despite the slower activity, interest in regional properties has been increasing as more people seek the peace and community values found in towns like Minyip.
Living in Minyip offers a quintessential rural lifestyle, characterized by a close-knit community and a slower pace of life. Residents enjoy an atmosphere of friendliness and familiarity, where neighbors know each other by name and community events form the social fabric of the town. The surrounding agricultural landscape provides scenic beauty and a sense of open space, allowing residents to enjoy outdoor activities and a connection to nature. Essential amenities such as schools, shops, and healthcare are accessible, though for more comprehensive services, residents may need to travel to larger nearby towns. Minyip's heritage as an important center during Victoria’s wheat boom brings historical charm, with several heritage buildings still standing as a testament to its past. Overall, living in Minyip affords a peaceful, community-oriented lifestyle with the advantages of affordable housing and rural serenity.
Median Weekly Rent | $163.00 |
Median Monthly Mortgage | $542.00 |
Median Persons Per bed houseroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 60.00 |
Average Income | $446.00 |
Average Cars Per Dwelling | 1.85 |
Average Properties Within 50M | 4 |
Typical 1 bed house | $228,000 |
Typical 2 bed house | $130,000 |
Typical 3 bed house | $226,000 |
Typical 4 bed house | $287,000 |
Typical 5 bed house | $277,000 |
Typical 6 bed+ house | $178,000 |
Housing Stock
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Thinking about buying in Minyip? Now could not be a better time, with just 440 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $189,000 with prices in this suburb ranging from $21,000 to $532,000. The aproximate distance to the coast is 200 Km.
In Minyip 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 Minyip 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 Minyip 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 Minyip 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.
Instant Property Valuation44-46 Main Street, Minyip, VIC, 3392 | 7 | 3 | 2 | $449,000 |
Minyip Primary School
(While the above schools are located with the suburb of Minyip 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 | |
---|---|---|---|---|---|---|---|
May | 1.3 | 6.1 | 18 | 49.8 | 96.4 | 4.6 | 9.7 |
Jun | 1.2 | 3.4 | 15.3 | 59.0 | 98.6 | 3.6 | 8.8 |
Jul | 1.3 | 4.0 | 14.5 | 61.3 | 98.5 | 4.8 | 9.0 |
Aug | 1.3 | 3.8 | 15.4 | 51.2 | 94.6 | 4.9 | 11.9 |
Sept | 0.6 | 4.2 | 19.1 | 38.2 | 93.2 | 5.1 | 16.3 |
Oct | 1.5 | 7.3 | 22.9 | 39.0 | 97.6 | 5 | 18.8 |
Nov | 0.9 | 9.5 | 27.0 | 24.7 | 89.5 | 5.7 | 22.1 |
Dec | 1.2 | 12.3 | 30.1 | 22.1 | 82.9 | 5.9 | 25.1 |
Jan | 0.6 | 13.3 | 31.4 | 20.4 | 85.4 | 5.8 | 25.9 |
Feb | 0.4 | 13.8 | 30.6 | 24.9 | 81.3 | 5.7 | 23.2 |
Mar | 0.5 | 12.2 | 28 | 29.2 | 84.5 | 5.2 | 18.0 |
Apr | 0.6 | 8.6 | 24.0 | 32.8 | 88.4 | 4.6 | 13.0 |
source: Australian Government Bureau of Meteorology
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