All About Murga, Cabonne, NSW, 2864
Murga, a quaint rural locality within the Cabonne Shire of New South Wales, offers a distinctive housing market defined by its bucolic charm and relatively affordable property prices compared to urban centers. The housing market here primarily consists of traditional rural homesteads, sprawling acreages, and some historical buildings, reflecting the area's agricultural heritage and pastoral beauty. Recent years have seen a mild interest from buyers seeking respite from city life, drawn by the serene landscapes and opportunity for larger plots of land. However, this interest has not significantly inflated prices, making Murga an attractive option for those looking for a quieter, country lifestyle without breaking the bank. While the market remains modest, there is a potential for growth as more people seek sustainable living and remote working arrangements.
Living in Murga offers an immersive rural experience where community ties are strong, and the lifestyle is predominantly shaped by the rhythms of nature. Residents enjoy a peaceful environment with breathtaking views of rolling hills and vast open spaces, promoting a slower pace of life that is ideal for families, retirees, and anyone seeking to escape urban stress. Locals often engage in agricultural activities, community events, and outdoor recreational pursuits, creating a close-knit atmosphere with regular social interactions. While amenities are limited and typically require travel to larger nearby towns for services such as shopping, healthcare, and education, the quality of life is enhanced by the strong sense of community and the tranquility inherent to living amidst nature. This balance of rural solitude and community spirit defines Murga as a unique and appealing place to call home.
Household Makeup
| Median Weekly Rent | $ |
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| Average Income | $ |
| Average Cars Per Dwelling | |
| Average Properties Within 50M |
Housing Stock
Local Internet Speeds
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Murga Real Estate Market Outlook
Thinking about buying in Murga? Now could not be a better time, with just 35 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $439,000 with prices in this suburb ranging from $439,000 to $439,000. The aproximate distance to the coast is 239 Km.
In Murga 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 Murga 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 Murga 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 Murga 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 ValuationLocal Schools
None within suburb boundary
(While the above schools are located with the suburb of Murga there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Murga 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 | 1.1 | 15.5 | 33.6 | 23.0 | 82.6 | 3.6 | 27.2 |
| Feb | 2.7 | 15.0 | 30.2 | 32.0 | 86.4 | 3.5 | 23.1 |
| Mar | 2.7 | 12.3 | 26.9 | 38.1 | 90.9 | 3.1 | 18.4 |
| Apr | 1.3 | 7.3 | 22.3 | 42.7 | 94.7 | 2.6 | 14.9 |
| May | 1.2 | 3.0 | 17.4 | 50.6 | 96.6 | 2.5 | 11.1 |
| Jun | 2.0 | 2.1 | 13.9 | 61.5 | 97.4 | 2.5 | 9.1 |
| Jul | 1.9 | 0.6 | 13.2 | 61.3 | 98.7 | 2.4 | 9.4 |
| Aug | 1.3 | 0.5 | 14.5 | 52.6 | 98.1 | 2.6 | 12.4 |
| Sept | 1.6 | 2.3 | 18.3 | 44.9 | 96.2 | 2.9 | 17.4 |
| Oct | 1.4 | 5.7 | 23.1 | 36.7 | 94.4 | 3.1 | 22.3 |
| Nov | 2.8 | 9.6 | 27.2 | 30.6 | 91.7 | 3.1 | 25.0 |
| Dec | 2.2 | 12.7 | 30.4 | 24.5 | 85.1 | 3.4 | 27.9 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 21-10-2024 | $1,300,000 | 270 Yells Road |
| 28-06-2023 | $17,316,000 | 144 Reedy Creek Road |
| 07-04-2022 | $680,000 | 139 Cleveland Road |
| 06-09-2021 | $100,000 | 6157 The Escort Way |
| 05-11-2020 | $475,000 | 6495 The Escort Way |
| 03-11-2016 | $425,000 | 6697 The Escort Way |
| 14-01-2015 | $310,000 | 6651 The Escort Way |
| 17-11-2010 | $183,333 | 6697 The Escort Way |
| 28-11-2008 | $470,000 | 5893 The Escort Way |
| 29-09-2006 | $425,000 | 270 Yells Road |
| 13-09-2005 | $300,000 | 139 Cleveland Road |
General Points of Interest
Dripping Rock - Less than 10 KM
Nearby Suburbs
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