Myall, a small rural locality in the Gannawarra Shire of Victoria, offers a unique and serene living environment, characterized by its wide-open spaces and close-knit community. The housing market in Myall reflects its rural setting, with properties often being more spacious and affordable compared to urban areas. The market here primarily consists of standalone houses, farms, and expansive plots of land, making it particularly appealing for those interested in agricultural pursuits or seeking a quieter, more laid-back lifestyle. Although less volatile than metropolitan markets, the housing market in Myall can still experience fluctuations based on broader economic factors, but it generally remains stable due to limited new developments and a smaller population base.
Living in Myall is ideal for individuals and families who appreciate the tranquility and simplicity of rural life. The area provides a strong sense of community, where neighbors often know each other and lend a helping hand when needed. The lifestyle in Myall is closely connected to nature, with ample opportunities for outdoor activities such as farming, hiking, and enjoying the scenic landscapes. While the locality is somewhat remote, residents value the peaceful atmosphere and the slower pace of life that it offers. Access to essential services and amenities may require some travel to nearby towns, but this is often seen as a worthwhile trade-off for the benefits of living in such a picturesque and unhurried environment.
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Thinking about buying in Myall? Now could not be a better time, with just 6 residential dwellings it's a highly sought after location. The aproximate distance to the coast is 281 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Myall 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 Myall 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 Myall 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 ValuationNone within suburb boundary
(While the above schools are located with the suburb of Myall 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 | |
---|---|---|---|---|---|---|---|
Nov | 0.6 | 10.5 | 28.0 | 24.5 | 82.1 | 4.9 | 24.8 |
Dec | 1.2 | 13.4 | 31.0 | 21.2 | 74.6 | 5.1 | 27.8 |
Jan | 0.8 | 15.1 | 33.4 | 20.1 | 72.1 | 5.0 | 27.8 |
Feb | 0.9 | 15.2 | 32.2 | 24.6 | 76.0 | 4.8 | 24.4 |
Mar | 0.5 | 12.6 | 28.5 | 28.3 | 78.8 | 4.4 | 18.9 |
Apr | 0.8 | 9 | 23.7 | 35.6 | 84.8 | 3.8 | 14.6 |
May | 0.8 | 6.0 | 19.0 | 47.0 | 92.7 | 3.7 | 10.8 |
Jun | 0.8 | 4.0 | 15.4 | 58.3 | 96.7 | 3.6 | 8.9 |
Jul | 0.8 | 2.9 | 15.2 | 55.5 | 95.9 | 3.8 | 9.1 |
Aug | 0.8 | 3.3 | 16.6 | 47.6 | 95.6 | 4.1 | 12.2 |
Sept | 1.0 | 4.6 | 20.2 | 37.9 | 93.1 | 4.4 | 16.4 |
Oct | 0.9 | 7.5 | 24.3 | 30.4 | 88.1 | 4.7 | 21.4 |
source: Australian Government Bureau of Meteorology
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