2177 Murringo Road, Murringo NSW 2586
This property is Off Market
- Last sold 12/13/2023 for $1,300,000. The Average property price in this area is $620,977, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 209.23 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/18/2024 777 MURRINGO FLATS RD $18,320,000
- 9/27/2024 11 BURRANGONG ST $325,000
- 8/8/2024 1186 GEEGULLALONG RD $70,000
- 4/10/2024 44 DOWLING DR $215,000
- 12/20/2023 72 CREAMERY RD $60,000
About Young Region
With an average age of 47, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $245. The average family earns a weekly income of $1,597 with a typical household size of 2.3 and a 96.11% employment rate.
In Murringo 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. Low average incomes in Murringo is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Murringo 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. With very low industrial sector presence in Murringo 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.
Public Transport
Young
Population
(Country of Birth not stated 5%)
Are people healthy?
There are a recorded 929 asthma sufferers and 399 people living with diabetes. In addition, 471 people have a heart/vascular condition and 845 people live with three or more chronic diseases.A good place to invest in property?
Young Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
13 / 100
31 / 100
Industry
06 / 100
22 / 100
Population
07 / 100
19 / 100
House Prices
28 / 100
60 / 100
Jobs
14 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsYoung HS Murringo PS
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Young North Public School
Young, NSW, 2594 State K-6
Property Story
2177 Murringo Road, Murringo, Nsw, 2586 is a residential property . The estimated distance to the sea is 209.23km and at least 4.78KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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