Nyah, a small town located in the picturesque region of Swan Hill, Victoria, offers a unique perspective on the housing market compared to more urban areas. The town is characterized by its affordability and relatively stable property prices, making it an attractive option for first-time home buyers or those seeking a quieter lifestyle away from the hustle and bustle of city life. The housing market primarily consists of single-family homes and rural properties, often with expansive lots that provide a sense of openness and connection to nature. In recent years, there has been a steady interest from buyers looking to invest in the tranquility and charm that Nyah offers, with its proximity to the Murray River being a significant draw.
Living in Nyah is like embracing a slice of the quintessential Australian rural lifestyle. Residents enjoy a tight-knit community where friendly interactions and neighborly support are the norms. The town provides essential amenities, though for more comprehensive shopping, dining, and healthcare options, residents often head to the nearby larger town of Swan Hill. Despite its small size, Nyah offers a relaxed lifestyle enriched by its surrounding natural beauty, including parks, vineyards, and opportunities for outdoor activities like fishing and boating on the river. The tranquility of Nyah, coupled with its affordable housing market, makes it an appealing choice for families, retirees, and anyone desiring a peaceful, community-oriented environment.
Median Weekly Rent | $236.50 |
Median Monthly Mortgage | $1050.00 |
Median Persons Per bed houseroom | 0.80 |
Average Household Size | 2.00 |
Average Age | 51.50 |
Average Income | $640.00 |
Average Cars Per Dwelling | 2.17 |
Average Properties Within 50M | 4 |
Typical 1 bed house | $311,000 |
Typical 2 bed house | $242,000 |
Typical 3 bed house | $331,000 |
Typical 4 bed house | $560,000 |
Typical 5 bed house | $345,000 |
Housing Stock
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Thinking about buying in Nyah? Now could not be a better time, with just 337 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $314,000 with prices in this suburb ranging from $99,000 to $710,000. The aproximate distance to the coast is 321 Km.
Consistent high demand relative to supply is a key feature in Nyah 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 Nyah 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 Nyah 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 Nyah 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 Valuation84 Stradbroke Avenue, Nyah, VIC, 3594 | 2 | 1 | 1 | $140,000 |
Nyah District Primary School
(While the above schools are located with the suburb of Nyah 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 | |
---|---|---|---|---|---|---|---|
Aug | 0.7 | 3.9 | 16.6 | 42.2 | 92.6 | 4.4 | 12.3 |
Sept | 0.9 | 5.4 | 20.8 | 31.1 | 88.8 | 4.6 | 17.1 |
Oct | 0.9 | 8.5 | 25.0 | 25 | 83.8 | 4.5 | 21.7 |
Nov | 0.9 | 11.6 | 28.5 | 20.4 | 78.0 | 4.8 | 24.9 |
Dec | 0.8 | 14.6 | 31.8 | 16.2 | 69.4 | 4.9 | 28.6 |
Jan | 0.8 | 16.3 | 34.0 | 16.1 | 67.3 | 4.7 | 28.2 |
Feb | 0.6 | 16.0 | 32.3 | 21.6 | 71.5 | 4.5 | 24.2 |
Mar | 0.7 | 13.6 | 28.6 | 25.9 | 76.6 | 4.1 | 19.3 |
Apr | 0.9 | 9.7 | 24.0 | 31.7 | 82.5 | 3.7 | 14.7 |
May | 0.9 | 6.8 | 19 | 42.9 | 90.9 | 3.9 | 10.8 |
Jun | 0.8 | 4.2 | 15.2 | 54.6 | 95.0 | 3.6 | 9.0 |
Jul | 0.7 | 3.0 | 15.0 | 50.1 | 94.4 | 4.2 | 9.3 |
source: Australian Government Bureau of Meteorology
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