Thinking about buying in Mororo? Now could not be a better time, with just 59 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,272,000 with prices in this suburb ranging from $566,000 to $2,746,000. Mororo is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Mororo 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 Mororo 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 Mororo 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 Mororo to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Mororo 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 Mororo a better buying opportunity than it may have been in the past.
121 LEWIS LANE, MORORO, NSW, 2469 | 4 | 2 | 7 | $1,350,000 - $1,390,000 |
Chatsworth Island Public School
(While the above schools are located with the suburb of Mororo 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 | 5 | 21.1 | 28 | 66.9 | 94.6 | 3.8 | 24.9 |
Feb | 6.3 | 21.3 | 27.9 | 65.6 | 95.4 | 4.5 | 21.7 |
Mar | 4.2 | 20.4 | 27.4 | 66.8 | 97.1 | 4.1 | 18.3 |
Apr | 5.3 | 17.2 | 25.0 | 63.4 | 96.0 | 4.0 | 15.6 |
May | 3.9 | 13.5 | 22.0 | 63.3 | 95.1 | 3.4 | 12.6 |
Jun | 4.7 | 11.7 | 20.4 | 59 | 93.3 | 3.5 | 11.1 |
Jul | 2.6 | 10.7 | 20.4 | 52.4 | 91.2 | 3.3 | 12.2 |
Aug | 2.6 | 10.9 | 21.5 | 45.5 | 89.8 | 3.6 | 15.6 |
Sept | 1.1 | 13.8 | 23.3 | 50.8 | 91.0 | 3.8 | 18.5 |
Oct | 3.1 | 16.2 | 24.5 | 58.8 | 93.1 | 4.0 | 21.7 |
Nov | 1.9 | 18.4 | 26.5 | 58.4 | 93.3 | 4.0 | 25.0 |
Dec | 2.6 | 19.8 | 27.2 | 62.9 | 94.6 | 3.9 | 25.4 |
source: Australian Government Bureau of Meteorology
15-02-2024 | $1,320,000 | 121 LEWIS LANE |
28-10-2022 | $600,000 | 291 MORORO RD |
25-07-2022 | $1,960,000 | 61 LEWIS LANE |
13-11-2020 | $630,000 | 242 MORORO RD |
30-10-2020 | $800,000 | 325 LEWIS LANE |
28-10-2020 | $660,000 | 267 MORORO RD |
16-04-2019 | $1,125,000 | 103 MORORO RD |
20-11-2018 | $550,000 | 78 GARRETTS LANE |
29-06-2018 | $430,000 | 13 PACIFIC HWY |
28-05-2018 | $395,000 | 115 BANANA RD |
17-05-2018 | $2,500,000 | 280 MORORO RD |
31-01-2018 | $1,215,000 | 141 LEWIS LANE |
19-12-2016 | $290,000 | 13 PACIFIC HWY |
28-10-2016 | $750,000 | 211 LEWIS LANE |
06-07-2016 | $490,000 | 78 GARRETTS LANE |
08-04-2016 | $585,000 | 325 LEWIS LANE |
03-11-2015 | $246,500 | 96 BANANA RD |
02-04-2015 | $485,000 | 267 MORORO RD |
06-11-2014 | $510,000 | 325 LEWIS LANE |
07-03-2014 | $300,000 | 291 MORORO RD |
02-11-2011 | $525,000 | 242 MORORO RD |
24-08-2011 | $575,000 | 121 LEWIS LANE |
21-12-2010 | $300,000 | 115 BANANA RD |
30-07-2010 | $445,000 | 63 LEWIS LANE |
07-03-2008 | $480,000 | 267 MORORO RD |
17-12-2004 | $328,000 | 242 MORORO RD |
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