Murrayville, located in the Mildura region of Victoria, offers a unique slice of rural Australian life with its distinctive housing market that reflects both affordability and the charm of country living. The housing market in Murrayville features a mix of traditional Australian homes, often set on spacious plots of land. This offers potential homeowners the opportunity to enjoy the serenity and space not typically available in urban areas. Real estate in Murrayville tends to be more affordable compared to larger towns and cities, making it an attractive option for young families, retirees, and those looking to escape the hustle and bustle of city life. The community-focused nature of the town enhances its appeal, providing a warm and welcoming environment for newcomers.
Living in Murrayville offers a lifestyle that is steeped in community spirit and surrounded by natural beauty. The town is defined by its strong agricultural roots, with vast landscapes of farmland and a close-knit community that thrives on collaboration and support. Residents enjoy a slower pace of life, with ample opportunities for outdoor activities such as hiking, cycling, and exploring the nearby national parks. It’s a place where people know their neighbors and take pride in local events and traditions. Although smaller in size, Murrayville is equipped with essential amenities and services, while the more extensive facilities of Mildura are within a reasonable distance for those who need them. Overall, Murrayville presents an appealing balance of peaceful rural living with the convenience of accessibility to larger city resources.
Median Weekly Rent | $169.00 |
Median Monthly Mortgage | $692.50 |
Median Persons Per bed houseroom | 0.70 |
Average Household Size | 2.50 |
Average Age | 47.50 |
Average Income | $675.50 |
Average Cars Per Dwelling | 2.33 |
Average Properties Within 50M | 4 |
Typical 1 bed house | $107,000 |
Typical 2 bed house | $135,000 |
Typical 3 bed house | $231,000 |
Typical 4 bed house | $322,000 |
Housing Stock
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Thinking about buying in Murrayville? Now could not be a better time, with just 355 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $123,000 with prices in this suburb ranging from $27,000 to $374,000. The aproximate distance to the coast is 162 Km.
Consistent high demand relative to supply is a key feature in Murrayville 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 Murrayville 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 Murrayville 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 Murrayville 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 Valuation28-30 Poole Street, Murrayville, VIC, 3512 | 3 | 1 | 2 | $200,000 - $220,000 |
Murrayville Community College
(While the above schools are located with the suburb of Murrayville 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 | 0.8 | 13.9 | 32.4 | 21.1 | 77.9 | 5.5 | 28.2 |
Feb | 0.6 | 14.0 | 31.3 | 24.3 | 82.2 | 5.1 | 24.0 |
Mar | 0.5 | 11.8 | 27.7 | 28.3 | 86.6 | 4.8 | 19.1 |
Apr | 0.8 | 9.1 | 23.3 | 36.2 | 89.6 | 4.5 | 14.5 |
May | 1 | 6.9 | 18.5 | 47 | 93.9 | 4.5 | 10.4 |
Jun | 1.1 | 4.8 | 15.2 | 56 | 96.1 | 4.2 | 9.0 |
Jul | 1.1 | 4.7 | 14.7 | 58.9 | 96.6 | 4.7 | 9.1 |
Aug | 1.1 | 4.1 | 16.4 | 48.3 | 95.2 | 4.9 | 12.4 |
Sept | 1.1 | 5.6 | 20.7 | 38.0 | 94.8 | 5.1 | 16.9 |
Oct | 0.8 | 7.3 | 23.0 | 33.7 | 92.9 | 5.1 | 22.6 |
Nov | 0.6 | 9.6 | 26.8 | 24.4 | 86.6 | 5.4 | 25.7 |
Dec | 0.9 | 12.5 | 30.1 | 23.0 | 82.7 | 5.7 | 28.6 |
source: Australian Government Bureau of Meteorology
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