Peak Hill in Meekatharra, Western Australia, presents a unique and intriguing element of the regional housing market. Meekatharra itself is a remote outback town known for its mining history and vast, open landscapes. The housing market in this area tends to be quite different from urban areas, with fewer properties available and often at lower prices. Many homes are standalone structures, offering ample space and a sense of privacy. While the real estate market might not be bustling with rapid transactions, it provides opportunities for those seeking to escape the city bustle and invest in a quieter, more rural lifestyle. The demand here can be influenced significantly by the ebb and flow of the mining industry, which historically impacts employment and, consequently, housing needs.
Living in Peak Hill offers a unique lifestyle characterized by its remote location and community-focused ethos. Residents typically enjoy the tranquility of the Australian outback, surrounded by stunning natural beauty and a tight-knit community atmosphere. Social life often revolves around local events and gatherings, reinforcing a sense of camaraderie among residents. The pace of life is slower compared to urban areas, which can be appealing to those looking to unwind and enjoy a simpler existence. Amenities like shops and services are limited, requiring people to plan trips to larger towns for diverse needs. However, this slower pace and limited access to city conveniences also make living here a choice for adventure, independence, and a deep connection with the surrounding environment.
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Thinking about buying in Peak Hill? Now could not be a better time, with just 143 residential dwellings it's a highly sought after location. The aproximate distance to the coast is 294 Km.
In Peak Hill 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 Peak Hill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Peak Hill leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Instant Property ValuationYulga Jinna Remote Community School
(While the above schools are located with the suburb of Peak Hill 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 | 1.2 | 24.9 | 38.7 | 17.1 | 50.3 | 4.9 | 27.4 |
| Feb | 1.1 | 24.4 | 38.0 | 17.5 | 48.5 | 4.6 | 25.8 |
| Mar | 0.8 | 22.1 | 35 | 20.2 | 52.7 | 4.5 | 22.5 |
| Apr | 0.2 | 17.5 | 30.2 | 22.0 | 56.8 | 4.0 | 18.2 |
| May | 0.3 | 12.1 | 24.5 | 25.7 | 69.1 | 3.8 | 15.0 |
| Jun | 0.5 | 9.0 | 20.8 | 30.0 | 75.2 | 3.8 | 13.0 |
| Jul | 0.4 | 7.4 | 20.1 | 29.4 | 78.4 | 3.6 | 14.3 |
| Aug | 0.1 | 9.6 | 23.1 | 20.7 | 64.6 | 4.3 | 17.0 |
| Sept | 0.0 | 11.8 | 26.8 | 15.2 | 56.5 | 4.5 | 22.5 |
| Oct | 0.1 | 16.5 | 31.5 | 12.4 | 44.8 | 4.4 | 26.4 |
| Nov | 0.6 | 19.8 | 34.5 | 12.8 | 50.0 | 4.8 | 28.6 |
| Dec | 1.3 | 23.3 | 37.7 | 13.3 | 45.4 | 4.7 | 29 |
source: Australian Government Bureau of Meteorology
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