Myrrhee, nestled in the Wangaratta region of Victoria, is a charming rural locality that beckons those who prefer a serene lifestyle amidst nature’s splendor. The housing market in Myrrhee is characterized by its offering of spacious properties, often featuring expansive lands suitable for farming, vineyards, or simply enjoying the natural surroundings. The real estate options primarily consist of large family homes and rustic country estates, making it particularly appealing to those looking to escape the hustle and bustle of urban life. Despite its rural setting, Myrrhee has seen a steady interest from buyers seeking a tranquil lifestyle, contributing to a modest appreciation in property values; this is common for areas with such natural appeal.
Living in Myrrhee is synonymous with embracing a close-knit community atmosphere where neighbors are more like extended family. The locale is ideal for outdoor enthusiasts, offering ample opportunities for hiking, birdwatching, and exploring the lush landscapes. The region’s cool climate and fertile soil also make it suitable for viticulture and agriculture, attracting those interested in pursuing such ventures. While amenities like shopping centers and entertainment venues are not immediately at hand, the nearby town of Wangaratta provides all necessary conveniences, such as schools, healthcare facilities, and supermarkets. Overall, Myrrhee offers a peaceful lifestyle, harmoniously blending rural charm with essential accessibility.
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Thinking about buying in Myrrhee? Now could not be a better time, with just 115 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $576,000 with prices in this suburb ranging from $313,000 to $1,163,000. The aproximate distance to the coast is 158 Km.
In Myrrhee 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 Myrrhee due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Myrrhee provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Myrrhee necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Myrrhee 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 ValuationMyrrhee Primary School
(While the above schools are located with the suburb of Myrrhee 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 | 1.3 | 14.3 | 33.4 | 18.2 | 78.2 | 3.6 | 27.2 |
Feb | 1.1 | 14.1 | 31.5 | 23.6 | 84.1 | 3.2 | 23.3 |
Mar | 2.0 | 11.8 | 27.6 | 32.4 | 90.0 | 2.7 | 18.4 |
Apr | 1.1 | 7.2 | 22.6 | 39.3 | 94.2 | 2.3 | 14.3 |
May | 1.6 | 4.5 | 17.4 | 53.0 | 98.0 | 2.1 | 10.0 |
Jun | 1.5 | 2.4 | 13.9 | 63.6 | 98.6 | 2.1 | 8.2 |
Jul | 2 | 3.4 | 13.2 | 64.6 | 98.3 | 2.7 | 8.0 |
Aug | 1.7 | 2.9 | 14.2 | 56.9 | 98.1 | 2.8 | 11.2 |
Sept | 1.5 | 4.3 | 18 | 47.2 | 97.6 | 2.8 | 16.1 |
Oct | 1.5 | 6.4 | 21.9 | 39.8 | 96.2 | 2.9 | 21.3 |
Nov | 1.3 | 9.5 | 26.3 | 27.5 | 90.2 | 3.4 | 25.0 |
Dec | 1.8 | 12.4 | 30.8 | 19.6 | 83.0 | 3.6 | 27.7 |
source: Australian Government Bureau of Meteorology
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